Iron River, a charming town located in Bayfield County, Wisconsin, is known for its scenic landscapes, rich history, and friendly community atmosphere. Nestled within the stunning Northwoods, Iron River offers residents access to outdoor activities year-round, including hiking, fishing, and snowmobiling. This article explores the best residential areas in Iron River, giving detailed information about their unique characteristics, housing options, and average prices to help you make an informed decision on where to live.
Table of Contents
Downtown Iron River

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Downtown Iron River serves as the economic and social hub of the community, featuring a variety of local businesses, cafes, and services. This area is perfect for those who enjoy a vibrant community atmosphere and easy access to amenities.
Characteristics of the Downtown Iron River
* Culture: Art and community events, local festivals annually
* Transportation: Walkable area with good connectivity, public transport available
* Services: Grocery stores, medical clinics, community centers, and banks
* Environment: Friendly and lively, with a small-town feel
Housing Options in the Downtown Iron River
Single-family homes, Apartments, Condos
Average Home Prices in the Downtown Iron River
* Buying: $150,000 – $250,000
* Renting: $900 – $1,300/month
Lake Mary Area

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The Lake Mary area is renowned for its beautiful lake views and recreational opportunities. It is ideal for families and nature lovers seeking a peaceful lakeside lifestyle.
Characteristics of the Lake Mary Area
* Culture: Water sports and community gatherings, nature-focused recreation
* Transportation: Car required for accessing broader areas, minimal public transport
* Services: Limited local services; best for those who prefer a quieter lifestyle
* Environment: Serene and scenic, with vibrant fall colors
Housing Options in the Lake Mary Area
Lakefront homes, Cabins, Townhouses
Average Home Prices in the Lake Mary Area
* Buying: $200,000 – $350,000
* Renting: $1,000 – $1,600/month
Iron River North

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Iron River North boasts larger properties and ample green spaces, making it perfect for families and those seeking more room to breathe and enjoy nature.
Characteristics of the Iron River North
* Culture: Family-oriented lifestyle, community parks for picnics and play
* Transportation: Mostly car-dependent, with some biking paths
* Services: Access to schools and amenities, grocery stores nearby
* Environment: Spacious and family-friendly
Housing Options in the Iron River North
Single-family homes, Larger plots of land
Average Home Prices in the Iron River North
* Buying: $180,000 – $280,000
* Renting: $1,200 – $1,800/month
Pine Lake Area

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The Pine Lake area is characterized by its natural beauty and tranquility, ideal for those seeking solitude and outdoor activities such as fishing, hiking, and bird watching.
Characteristics of the Pine Lake Area
* Culture: Outdoor enthusiasts and nature lovers, seasonal activities
* Transportation: Car is necessary due to limited transport options
* Services: Few local stores, mainly self-sufficient living conditions
* Environment: Quiet and peaceful, surrounded by nature
Housing Options in the Pine Lake Area
Cabins, Single-family homes, Vacant lots for custom builds
Average Home Prices in the Pine Lake Area
* Buying: $160,000 – $300,000
* Renting: $800 – $1,200/month
Iron River South

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Iron River South features a community-oriented environment with amenities such as parks and schools making it an attractive area for families and retirees alike.
Characteristics of the Iron River South
* Culture: Community events and local festivities, strong neighborhood ties
* Transportation: Well-connected by roads, with some public transport options
* Services: Schools, parks, and healthcare facilities available
* Environment: Welcoming and inclusive community spirit
Housing Options in the Iron River South
Family-sized homes, Duplexes
Average Home Prices in the Iron River South
* Buying: $170,000 – $250,000
* Renting: $950 – $1,400/month
Highway 2 Corridor

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The Highway 2 corridor provides easy access to major highways while still being close to Iron River's amenities. It is suitable for those who commute for work or enjoy exploring nearby attractions.
Characteristics of the Highway 2 Corridor
* Culture: Mix of residential living and commercial presence, convenient transport
* Transportation: Quick access to highways, car recommended
* Services: Retail stores, gas stations, and eateries along the corridor
* Environment: Busy but accessible location for active individuals
Housing Options in the Highway 2 Corridor
Single-family homes, Townhomes
Average Home Prices in the Highway 2 Corridor
* Buying: $175,000 – $275,000
* Renting: $1,000 – $1,500/month
Frequently Asked Questions About the Best Residential Areas in Iron River:
The best residential areas in Iron River include Downtown Iron River, Lake Mary Area, Iron River North, Pine Lake Area, Iron River South, and the Highway 2 Corridor.
Iron River South is particularly family-friendly with access to schools, parks, and community events that promote a strong neighborhood partnership.
Home prices in Iron River typically range from $150,000 to $350,000, depending on the area and type of property.
Yes, the Lake Mary Area and Pine Lake Area offer waterfront properties that provide stunning views and recreational opportunities.
Iron River is known for fishing, hiking, snowmobiling, and enjoying nature. The beautiful landscapes offer a range of outdoor activities throughout the year.
Transportation is primarily car-dependent in Iron River, although the Downtown area offers some public transport options and is walkable.
Iron River North and Downtown Iron River tend to offer more economical housing options compared to other areas.
The Steel Ore community is known for its friendly, welcoming residents and a variety of local events that foster a strong sense of belonging.
Yes, Iron River offers a peaceful environment, recreational activities, and a close-knit community, making it an excellent choice for retirees.
Urgent care clinics, grocery stores, and other essential services are readily available, particularly in Downtown Iron River and nearby neighborhoods.
Conclusion on the Best Residential Areas in Iron River:
Iron River offers a variety of residential options, each featuring unique characteristics that cater to different lifestyles. Whether you prefer the lively atmosphere of Downtown Iron River, the peaceful surroundings of the Lake Mary area, or the spacious homes in Iron River North, there is something for everyone. By considering factors such as community atmosphere, outdoor activities, and access to amenities, prospective residents will find the ideal place to call home. Embracing the scenic beauty and warmth of the local community, Iron River is genuinely a hidden gem in the charming landscapes of Wisconsin.
About the Author

Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.