Iron River, MI · standard
ZIP Code 49935
Iron County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 6,096
- 5/sq mi Low-density area
- $57,236
- Median income Below-median income area
- $111,500
- Median home value Below-median home value
- 22.9%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Iron River pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, homeowner-dominated area.
- 24th pct
- household income, US ZIPs
- 13th pct
- home value, US ZIPs
- 5
- people per sq mi
- 80%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 49935 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 49935 (Iron River, MI) rose +2.6% from 2023 to 2024. The all-transactions index moved from 199.9 in 2023 to 205.2 in 2024 (2000 = 100).
ZIP code 49935 is a mid-sized community (a standard USPS delivery area) in Iron River, Iron County, Michigan, home to 6,096 residents across 1219.2 square miles, a density of 5 people per square mile, in the Menominee time zone.
ZIP 49935 reports a modest median household income of $57,236 (22% below the average Michigan ZIP), while per-capita income is $33,088. The poverty rate is 15.8%, with unemployment at 4.3%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $111,500 (49% below the average Michigan ZIP), and median rent is $490; owner occupancy is 80.4%.
Educational attainment sits below the national norm: 22.9% of adults hold a bachelor's degree or higher, the median age is 51.4, and the average commute is 18 minutes. The page also surfaces 1 ZIP codes within roughly 10 miles and 5 more in Iron County, so 49935 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 49935
Top 5 sectors by establishment count in Iron River, MI
Which industries have the most business establishments in ZIP 49935.
- Construction
Construction
26 establishments
- Retail trade
Retail trade
23 establishments
- Other services (except public administration)
Other services (except public administration)
19 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
17 establishments
- Accommodation and food services
Accommodation and food services
17 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 49935, Iron River, MI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
6,096
Population
1219.2
Area (sq mi)
5
People / sq mi
Menominee
Time Zone
standard
ZIP Type
Who lives in ZIP 49935?
51.4
Median Age
49.7%
Male
50.3%
Female
0.8%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$57,236
Median Household Income
-22% vs state ZIP avg
$33,088
Per Capita Income
15.8%
Poverty Rate
4.3%
Unemployment Rate
17.7 min
Mean Commute Time
How ZIP 49935 ranks among Michigan ZIPs
Iron River, MI household income vs. every Michigan ZIP code
Median household income among 962 reporting Michigan ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$57,236 23rd percentile higher than 23% of 962 Michigan ZIPs
Each bar is a $20K-wide band; taller bars hold more Michigan ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
4,488housing units
4,488
Total Housing Units
2,699
Occupied Units
1,789
Vacant Units
2.13
Avg Household Size
Occupancy Type
$111,500
Median Home Value
-49% vs state ZIP avg
$490
Median Rent
1959
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+2.6%
YoY Change (2024)
205
HPI Index (2000 = 100)
+105%
Total Change Since 2000
Home values in ZIP 49935 have increased 2.6% over the past year (2024). Since 2000, this ZIP has seen +105% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -1.1% | 127 |
| 2021 | +8.8% | 138 |
| 2022 | +16.8% | 161 |
| 2023 | +23.9% | 200 |
| 2024 | +2.6% | 205 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 190 business establishments in ZIP 49935, employing approximately 1,545 people with a combined annual payroll of $68,365,000.
190
Businesses
1,545
Employees
$68.4M
Annual Payroll
14
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 26 | 13.7% |
| Retail trade | 23 | 12.1% |
| Other services (except public administration) | 19 | 10.0% |
| Professional, scientific, and technical services | 17 | 8.9% |
| Accommodation and food services | 17 | 8.9% |
| Health care and social assistance | 15 | 7.9% |
| Finance and insurance | 13 | 6.8% |
| Transportation and warehousing | 12 | 6.3% |
| Real estate and rental and leasing | 12 | 6.3% |
| Manufacturing | 9 | 4.7% |
| Information | 7 | 3.7% |
| Agriculture, forestry, fishing and hunting | 6 | 3.2% |
| Administrative and support and waste management and remediation services | 6 | 3.2% |
| Wholesale trade | 3 | 1.6% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 49935 vs 49915 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 49915 | Caspian, MI | 630 | 11.0 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 49935, both outside MI so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (6,096 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Iron County
Related Areas
Frequently Asked Questions
What county is ZIP code 49935 in?
ZIP code 49935 (Iron River) is located in Iron County, Michigan. Iron County contains multiple ZIP codes, see the full list at /counties/iron-mi.
What is the population of ZIP code 49935?
ZIP code 49935 in Iron River, MI has a population of 6,096 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 49935?
The median household income in ZIP 49935 is $57,236, which is 25% below the national average of $76,288.
What is the average home value in ZIP 49935?
The median home value in ZIP 49935 is $111,500, which is 60% below the national average of $278,155.
What is the demographic makeup of ZIP 49935?
The largest racial group in ZIP 49935 is White at 90.7%. Hispanic or Latino residents make up 2.9% of the population.
How many businesses are in ZIP code 49935?
ZIP code 49935 has 190 business establishments employing approximately 1,545 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 49935?
The top industries by establishment count in ZIP 49935 are: Construction (26), Retail trade (23), Other services (except public administration) (19). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 49935?
According to the FHFA House Price Index, home values in ZIP 49935 increased by 2.6% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 105%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 49935?
In ZIP code 49935, 65.2% of residents aged 25+ have a high school diploma or higher, and 22.9% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 49935?
The mean commute time for workers in ZIP code 49935 is 17.7 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 49935?
In ZIP code 49935, approximately 80.4% of occupied housing units are owner-occupied and 19.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 49935?
The poverty rate in ZIP code 49935 is 15.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 49935's numbers, next.
- See how ZIP 49935 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Iron River, MI ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.