Why Live in Mountain Iron
Mountain Iron, a historic mining community in the Mesabi Iron Range, is known as the “Taconite Capital of the World” due to U.S. Steel’s Minntac facility. The town’s mining heritage dates back to 1890, and it remains a cornerstone of local employment. Homes range from early 1900s bungalows and Colonial Revivals in Old Town Mountain Iron to mid-1900s ranch-style and split-level houses in South Grove and West Virginia neighborhoods. Newer builds from the 2000s are less common. Locomotive Park, featuring a 1910 locomotive and mining equipment, and the 132-mile Mesabi Trail are key attractions. The South Grove Recreation Complex offers various sports facilities, while former mining pits like Mott Pit serve as recreational lakes. Mountain Iron has a Walmart and is close to Virginia’s Thunderbird Mall and other retailers. Dining options include Sawmill Saloon & Restaurant, Adventures Restaurant & Pub, and Other Guys Burgers. The Mountain Iron-Buhl Public Schools system is small, with competitive sports teams. Annual Merritt Days celebrate the town’s mining history. U.S. 169 and 53 are main highways, with trains occasionally causing traffic delays. Duluth is 70 miles away, and Canada is about 100 miles north.
Home Trends in Mountain Iron, MN
On average, homes in Mountain Iron, MN sell after 146 days on the market compared to the national average of 50 days. The median sale price for homes in Mountain Iron, MN over the last 12 months is $215,000, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$215,000
Median Single Family Sale Price
$220,000
Average Price Per Sq Ft
$171
Number of Homes for Sale
7
Last 12 months Home Sales
33
Median List Price
$215,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%