Market Overview
Home Prices in Iron City, TN
The median home value in Iron City, TN is $210,555 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.2% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Iron City are priced49% below average. Iron City is part of the Lawrenceburg, TN metro area.
Over the past five years, Iron City home values have risen by approximately36.0%, reflecting strong long-term appreciation in this market.
Price History
Iron City Home Price Trend
City Comparison
Iron City vs. National Median
At $210,555, homes in Iron City cost 49% below the national median of $410,000. This makes Iron City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Iron City?
20% Down Payment
$42,111
on $210,555
Monthly P&I
$1,098/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,394/mo
incl. taxes & insurance
Income Needed
$55,760
gross annual (30% rule)
10% Down Option
$21,056
+ PMI applies
Loan Amount (20% dn)
$168,444
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 City, TN?
The median home value in Iron City is $210,555 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.2% year-over-year.
How much have home prices changed in Iron City?
Over the past year, home values in Iron City have increased by 5.2%. Over five years, prices have risen approximately 36.0%.
How much do I need to earn to buy a home in Iron City?
To comfortably afford the median home price of $210,555 with a 20% down payment ($42,111) at today's rates (6.8%), you'd need a gross annual income of approximately $55,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Iron City compare to the national average home price?
The national median home value is approximately $410,000. At $210,555, homes in Iron City are 49% below the national average.
What metro area is Iron City part of?
Iron City is part of the Lawrenceburg, TN metropolitan area. Home prices and market conditions can vary across the broader metro region.