Ida, MI—48140
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ida, MI
As of Oct '25, the median home price in Ida, MI is $304,000, with a year-over-year change of 4.9%. This indicates that home prices in Ida, MI are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $304,000 | 4.9% |
| Single Family | $304,000 | 4.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $298,000 | 5.3% |
4 Bed | $349,000 | 6.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Ida, MI
As of July '25, Rentcast reports the average rent in Ida, MI is $900, with a year-over-year rent change of -64.0%. Per bedroom, the median rent as of July '25 in Ida, MI is 2-bedrooms: $900. The most common rental property sizes in Ida, MI are 2-bedroom and 1-bedroom, accounting for 39.0% and 29.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Ida, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Ida, MI is 66. This is a decrease of -41.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $587,000 | 37.0% |
Listing Count | 9 | 55.0% |
| Listings as % of Homes | 0.4% | 55.0% |
Days on Market | 66 | -41.0% |
Demographics — Ida, MI
As of the latest ACS Survey released in 2023, Ida, MI has a population of 3,370, which has remained stable by 0.2% over the past 5 years. Ida, MI is a moderately popular place for families, as children make up 25.0% of the population. The area has a poorly educated workforce, with 19.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,370 | 0.2% |
% Under 18 | 25.0% | 9.2% |
% Seniors | 15.3% | 2.0% |
% WFH | 3.8% | 11.8% |
% w/ College Degree | 19.8% | 4.2% |
As of the latest ACS Survey released in 2023, Ida, MI is a predominantly white area, with 98.2% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Ida, MI is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.6% of the population in Ida, MI, and this percentage has increased by 45.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 98.2% | 0.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.6% | -15.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.6% | 45.5% |
Mortgage and Risk — Ida, MI
According to HUD data as of 2023, there were 111 mortgage originations in Ida, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Ida, MI. Investor activity is low, as 0.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 111 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Ida, MI
Ida, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $800 |
| 2 Bedroom | $150 | $900 | $1,050 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Ida, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $304,000 |
| Median Household Income | $108,000 |