HomeMichiganGogebic CountyIronwood city
Ironwood city, Michigan: commercial real estate data.
Ironwood city is a Census city of 4,997 people across 6.58 square miles of land, in Gogebic County. Median household income is $41,250, 72.1 percent of occupied homes are owned, and the SBA record carries 9 7(a) approvals to borrowers here worth $1.9 m.
80 sourced place values · tier FULL · 9 sections
Ironwood
What Ironwood is
- Census place typecity
- Land area6.58 sq mi
- Water area0 sq mi
- Population per square mile of land760
- County holding the largest share of its areaGogebic County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Ironwood
How many people live in Ironwood
- Population4,997
- Median age47.9
- Population under 18868
- Share under 1817.4 percent
- Population 65 and over1,376
- Share 65 and over27.5 percent
- Households2,596
- Family households1,230
- Share of households that are families47.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Ironwood
Income and work in Ironwood
- Median household income$41,250
- Per capita income$30,138
- Civilian labor force2,209
- Employed1,966
- Unemployed243 plus or minus 104
- Unemployment rate11.0 percent plus or minus 4.5
- Adults 25 and over3,858
- Adults 25 and over with a high school diploma or higher93.4 percent
- Adults 25 and over with a bachelor degree or higher22.9 percent plus or minus 4.7
- Adults 25 and over with a graduate degree8.4 percent plus or minus 3.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Ironwood
Housing in Ironwood
- Housing units3,081
- Occupied units2,596
- Vacant units485 plus or minus 208
- Vacancy rate15.7 percent plus or minus 6.7
- Owner occupied1,871
- Renter occupied725 plus or minus 184
- Ownership rate72.1 percent
- Median owner-occupied home value$83,100
- Median gross rent, monthly$622
- Annual rent as a share of median income18.1 percent plus or minus 4.0
- Single family units2,629
- Share single family85.3 percent
- Units in buildings of two or more452 plus or minus 167
- Share in buildings of two or more14.7 percent plus or minus 5.4
- Mobile homes0
- Median year structure built1941
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Ironwood
How Ironwood gets to work
- Workers 16 and over who commute1,783
- Commuting under 15 minutes1,167
- Share commuting under 15 minutes65.5 percent
- Commuting 30 minutes or more318 plus or minus 124
- Share commuting 30 minutes or more17.8 percent plus or minus 6.6
- Drove alone83.4 percent
- Carpooled5.6 percent plus or minus 3.5
- Public transport0.6 percent plus or minus 1.0
- Walked1.4 percent plus or minus 1.6
- Worked from home7.9 percent plus or minus 3.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Ironwood
SBA 7(a) lending to Ironwood borrowers
- Approvals9
- Gross approval$1,916,300
- Average approval$212,922
- Median approval$162,000
- Ninetieth percentile approval$560,000
- Largest approval$560,000
- Jobs supported142
- Jobs per approval15.8
- Loans with a final outcome5
- Paid in full5
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more44.4 percent
- Share to franchises11.1 percent
- Distinct lenders5
- Distinct industries by NAICS6
A charge-off rate is not published here. only 5 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Ironwood
SBA 504 lending to Ironwood borrowers
- Approvals1
- Gross approval$179,000
- Average approval$179,000
- Median approval$179,000
- Largest approval$179,000
- Jobs supported0
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Ironwood
Flood programme status in Ironwood
- Listed NFIP communities2
- Of those, participating2
- NFIP community number260081
- Currently effective map date07/17/78
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Gogebic County, not Ironwood
Gogebic County context, not Ironwood figures
These are Gogebic County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Ironwood measurements.
- Establishments in Gogebic County365
- Employment at those establishments, Gogebic County4,072
- Covered employment, Gogebic County5,046
- Average annual pay, Gogebic County$48,384
- Average weekly wage, Gogebic County$930
- Housing units permitted, Gogebic County30
- Of those, single family, Gogebic County30
- County product, 2024, Gogebic County$648,609,000
- County product change over the prior year, Gogebic County5.9 percent
- Average income of an arriving household, Gogebic County$64,274
Every figure in this section is published for Gogebic County as a whole and is not a measurement of Ironwood. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Ironwood questions, answered from the record.
How many people live in Ironwood, Michigan?
4,997, in 2,596 households. Ironwood city covers 6.58 square miles of land, which is 760 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Ironwood in?
Gogebic County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Ironwood?
$41,250. The median owner-occupied home is valued at $83,100. Median gross rent is $622 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Ironwood businesses?
9 7(a) approvals totalling $1.9 m, across 5 lenders, median approval $162,000, plus 1 504 approvals worth $179,000. These count approvals to borrowers whose address is in Ironwood, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Ironwood borrowers get paid back?
No rate is published for Ironwood. only 5 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Ironwood in the National Flood Insurance Program?
Yes. Ironwood appears in the FEMA Community Status Book as community 260081, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Ironwood figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Gogebic County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Ironwood.
Is zoning published for Ironwood?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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