Ionia, MI 48846 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ionia, MI—48846

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$211,000

1.2% YoY Growth

Household Income

$66,700

33.4% YoY Growth

Days on Market

23.0% Shorter YoY

Home Price Forecast

2.4%

Median Rent

$1,170

16.1% YoY Growth

1-Bed Rent

$1,370

95.7% YoY Growth

2-Bed Rent

$1,100

4.9% YoY Growth

3-Bed Rent

$1,260

14.4% YoY Growth

Home Price Trends — Ionia, MI

As of Dec '25, the median home price in Ionia, MI is $211,000, with a year-over-year change of 1.2%. This indicates that home prices in Ionia, MI are increasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$211,000	1.2%
Single Family	$211,000	1.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

8.2%

1 Bedroom

32.7%

2 Bedrooms

35.8%

3 Bedrooms

20.5%

4 Bedrooms

2.5%

5+ Bedrooms

0.4%

Property Listings — Ionia, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Ionia, MI is 43. This is a decrease of -31.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$274,000	12.0%
Listing Count	37	-9.0%
Listings as % of Homes	0.4%	-9.0%
Days on Market	49	-23.0%

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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%

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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%

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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%

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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

Ionia, MI—48846

Key Metrics at a Glance

Home Price Trends — Ionia, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ionia, MI

% of Rental Stock

Property Listings — Ionia, MI

Demographics — Ionia, MI

Race and Ethnicity

Mortgage and Risk — Ionia, MI

Mortgages

Rentals and Section 8 — Ionia, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Ionia, MI

Home Price to Income Ratio

Ionia, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Orleans, MI

Lyons, MI

Palo, MI

Fenwick, MI

Saranac, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$211,000
Median Household Income	$66,700

Ionia, MI—48846

Key Metrics at a Glance

Home Price Trends — Ionia, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ionia, MI

% of Rental Stock

Property Listings — Ionia, MI

Demographics — Ionia, MI

Race and Ethnicity

Mortgage and Risk — Ionia, MI

Mortgages

Rentals and Section 8 — Ionia, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Ionia, MI

Home Price to Income Ratio

Ionia, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Orleans, MI

Lyons, MI

Palo, MI

Fenwick, MI

Saranac, MI

Frequently Asked Questions

What is the average home price in Ionia, MI 48846?

How have home prices in Ionia, MI 48846 changed over the past year?

What is the home price projection for Ionia, MI 48846?

What are the demographics of Ionia, MI 48846?

How long does it take homes to sell in Ionia, MI 48846?

What is the average rent price in Ionia, MI 48846?