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Why Live in Mountain Iron
Mountain Iron, MN, a historic mining community established in 1890, is known as the “Taconite Capital of the World” due to the presence of U.S. Steel’s Minntac facility. This small city is part of the Mesabi Iron Range, which includes the Quad Cities of Virginia, Eveleth, and Gilbert. Housing options range from early 1900s bungalows and Colonial Revivals in Old Town Mountain Iron to mid-1900s ranch-style and split-level homes in South Grove and West Virginia neighborhoods. Outdoor enthusiasts can enjoy the 132-mile Mesabi Trail, Locomotive Park, and various recreational activities at South Grove Recreation Complex. Former mining pits, such as Mott Pit, now serve as clear, trout-stocked lakes for swimming, fishing, and kayaking. Mountain Iron offers convenient shopping at Walmart and is close to additional retailers and dining options in nearby Virginia. Local favorites include Sawmill Saloon & Restaurant, Adventures Restaurant & Pub, and Other Guys Burgers. The Mountain Iron-Buhl Public Schools system, though small, boasts a competitive sports program, with the girls basketball team winning the state championship in 2023. Annual events like Merritt Days celebrate the city’s mining heritage. Major highways U.S. 169 and 53 provide access to Duluth, 70 miles away, and Canada, approximately 100 miles north.
Home Prices in Mountain Iron, MN
The median home sale price in Mountain Iron, MN is $305,000, up 36% year-over-year. Homes in Mountain Iron sell in 60 days on average, compared to the national average of 58 days.
Home Price Trends
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Median Sale Price
$305,000
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Median Single Family Sale Price
$257,900
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Median 2 Bedroom Sale Price
$225,000
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Median 1 Bedroom Sale Price
$140,000
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Average Price Per Sq Ft
$148
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Number of Homes for Sale
5
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Last 12 months Home Sales
19
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Months of Supply
3.20
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Median List Price
$275,000
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Median Change From 1st List Price
0%
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Median Home Sale Price YoY Change
36%
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