Ionia, MI—48846
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ionia, MI
As of Oct '25, the median home price in Ionia, MI is $212,000, with a year-over-year change of 1.0%. This indicates that home prices in Ionia, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $212,000 | 1.0% |
| Single Family | $211,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $170,000 | 3.0% |
3 Bed | $209,000 | 0.5% |
4 Bed | $252,000 | 0.8% |
| 5 Bed | $275,000 | 1.1% |
% of Housing Stock
Rental Trends — Ionia, MI
As of July '25, Rentcast reports the average rent in Ionia, MI is $1,300, with a year-over-year rent change of 16.1%. Per bedroom, the median rent as of July '25 in Ionia, MI is 1-bedrooms: $1,370, 2-bedrooms: $1,070, 3-bedrooms: $1,510. The most common rental property sizes in Ionia, MI are 2-bedroom and 1-bedroom, accounting for 35.8% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,170 | $1,300 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,370 | $1,370 |
| 2 Bed Rent | $1,100 | $1,070 |
| 3 Bed Rent | $1,260 | $1,510 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ionia, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Ionia, MI is 30. This is a decrease of -39.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $280,000 | 9.0% |
Listing Count | 45 | -12.0% |
| Listings as % of Homes | 0.4% | -12.0% |
Days on Market | 30 | -39.0% |
Demographics — Ionia, MI
As of the latest ACS Survey released in 2023, Ionia, MI has a population of 21,900, which has increased by 10.1% over the past 5 years. Ionia, MI is a moderately popular place for families, as children make up 17.4% of the population. The area has a poorly educated workforce, with 12.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 10.1% |
% Under 18 | 17.4% | -10.3% |
% Seniors | 14.0% | 6.1% |
% WFH | 5.8% | 152.2% |
% w/ College Degree | 12.0% | -9.1% |
As of the latest ACS Survey released in 2023, Ionia, MI is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Ionia, MI is black, making up 10.0% of the population. Foreign-born residents account for 1.2% of the population in Ionia, MI, and this percentage has decreased by 36.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.2% | -0.5% |
% Black | 10.0% | -13.0% |
% Hispanic | 7.5% | 5.6% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.2% | -36.8% |
Mortgage and Risk — Ionia, MI
According to HUD data as of 2023, there were 361 mortgage originations in Ionia, MI, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Ionia, MI. Investor activity is low, as 2.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 361 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Ionia, MI
Ionia, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 226 |
Total Units Section 8 | 116 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$490 | $1,370 | $880 |
| 2 Bedroom | $50 | $1,100 | $1,150 |
| 3 Bedroom | $140 | $1,260 | $1,400 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Ionia, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $212,000 |
| Median Household Income | $66,700 |