ZIP Code Market Report
49938 — Ironwood, MI
Data through February 2026 · Updated monthly
Avg Home Value
$102,322
▲ 2.5% year-over-year
Month-over-Month
-0.2%
▼ 0.2%
Single Family
$100,890
Condo / Co-op
--
The average home value in the 49938 ZIP code (Ironwood, MICHIGAN) is $102,322 as of February 2026. Home prices are rising, up 2.5% compared to last year.
A 3-bedroom home in 49938 is valued at $99,107.
The market in 49938 has a $137,739 spread between bottom-tier homes at $56,343 and top-tier homes at $194,082. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Gogebic County market area in MICHIGAN. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Gogebic County report.
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Market Snapshot
49938 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $102,972 | $102,528 | $102,322 | ▼ 0.6% |
| Single Family Value | $99,177 | $99,814 | $100,890 | ▲ 1.7% |
Home Values
49938 Home Value Trend
Historical home values for ZIP code 49938. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 49938
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $83,549 |
| 3 Bedrooms | $99,107 |
| 4 Bedrooms | $116,592 |
Property Types
Home Values by Property Type in 49938
How different property types compare in this ZIP code.
All Homes
$102,322
Single Family
$100,890
Bottom Tier
$56,343
Top Tier
$194,082
Data Sources and Methodology
Home value data for ZIP code 49938 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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