Most Affordable ZIP Codes in Iron Mountain, MI-WI (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 49802 | Kingsford, MI | $154,004 | $990 | 5.01% | 7.3% |
| 2 | 54542 | Long Lake, WI | $165,380 | $945 | 4.46% | 6.1% |
| 3 | 49870 | Norway, MI | $169,024 | $882 | 4.07% | 6.4% |
| 4 | 49831 | Foster City, MI | $174,934 | $900 | 4.01% | 3.9% |
| 5 | 54103 | Laona, WI | $195,283 | $900 | 3.59% | 6.2% |
| 6 | 49801 | Iron Mountain, MI | $197,047 | $873 | 3.46% | 6.7% |
| 7 | 54120 | Fence, WI | $212,606 | $972 | 3.57% | 7.8% |
| 8 | 54121 | Florence, WI | $229,328 | $1,008 | 3.43% | 6.3% |
| 9 | 49892 | Vulcan, MI | $239,285 | $954 | 3.11% | 6.3% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Iron Mountain, MI-WI · Appreciation in Iron Mountain, MI-WI
Or see the full Iron Mountain, MI-WI metro profile.