49938, Ironwood, MI

The 49938 zip code of Ironwood, MI has a median home value of $129,900 and a median home equity value of $111,000. These values are slightly higher than the statewide median home value of $119,600 and the statewide median home equity value of $106,100. The 49938 zip code also has a lower than average percentage of homeowners with negative equity (25%) compared to the statewide percentage (31%).

The 49938 zip code is also relatively affordable when compared to other Michigan zip codes. The average monthly mortgage payment for homes in this zip code is $1,527 which is below the statewide average monthly mortgage payment of $1,729. Additionally, the 49938 zip code has an unemployment rate of 4%, which is below the statewide unemployment rate of 5%. These factors may contribute to why homes in this area are relatively affordable.