Market Overview
Home Prices in Iron Mountain Lake, MO
The median home value in Iron Mountain Lake, MO is $75,398 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.3% compared to a year ago and down 13.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Iron Mountain Lake are priced82% below average. Iron Mountain Lake is part of the Farmington, MO metro area.
Over the past five years, Iron Mountain Lake home values have fallen by approximately5.5%, reflecting softening conditions in this market.
Price History
Iron Mountain Lake Home Price Trend
City Comparison
Iron Mountain Lake vs. National Median
At $75,398, homes in Iron Mountain Lake cost 82% below the national median of $410,000. This makes Iron Mountain Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Iron Mountain Lake?
20% Down Payment
$15,080
on $75,398
Monthly P&I
$393/mo
30-yr @ 6.8%
Total Monthly Est.
~$499/mo
incl. taxes & insurance
Income Needed
$19,960
gross annual (30% rule)
10% Down Option
$7,540
+ PMI applies
Loan Amount (20% dn)
$60,318
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Iron Mountain Lake, MO?
The median home value in Iron Mountain Lake is $75,398 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.3% year-over-year.
How much have home prices changed in Iron Mountain Lake?
Over the past year, home values in Iron Mountain Lake have decreased by 6.3%. Over five years, prices have fallen approximately 5.5%.
How much do I need to earn to buy a home in Iron Mountain Lake?
To comfortably afford the median home price of $75,398 with a 20% down payment ($15,080) at today's rates (6.8%), you'd need a gross annual income of approximately $19,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Iron Mountain Lake compare to the national average home price?
The national median home value is approximately $410,000. At $75,398, homes in Iron Mountain Lake are 82% below the national average.
What metro area is Iron Mountain Lake part of?
Iron Mountain Lake is part of the Farmington, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.