Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$264,748+6.3% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 21% have cut their price
Income needed to buy, per year$57,392About 0.8× the local median income ($75,362): affordable for a typical household
Days on market44 daysFaster than a year ago: sellers have the edge
Next 12 months+3.3%Zillow expects prices to rise slightly
The typical home in Ionia County, MI is worth $264,748, up 6.3% from a year ago. That is well above what local incomes have historically supported: fair value is about $209,215, so the area is 26.5% overvalued. It is a balanced market: homes take about 44 days to sell, listings are up 25% from a year ago, 21% of listings have had a price cut. Zillow expects prices to rise about 3.3% over the next year. A household needs about $57,392 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,362. Typical rent is $1,198 a month, or $1,603 for a house. In the latest IRS figures, 103 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$264,748
Change in 1 year
+6.3%
Overvalued %
+26.5%
Show 7 more
Fair home value
$209,215
Change in 5 years
+30.4%
Zillow forecast, next 12 months
+3.3%
Home value to income
3.5×
Monthly mortgage payment (20% down)
$1,435
Income needed to afford it
$57,392
Property tax rate
1.13%
Rent and investing
Typical rent
$1,198
Typical rent for houses
$1,603
Price-to-rent ratio
18.4×
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HUD Fair Market Rent, 2 bedrooms
$1,238
Gross rental yield
5.43%
Cap rate (estimate)
3.53%
Market activity
Listings vs a year ago
+25.3%
Days on market
44
Listings with a price cut
21.1%
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Homes for sale
104
Pending sales per 100 listings
73
Asking price per sq ft
$166
People and jobs
Median household income
$75,362
Population change (1 year)
+0.4%
Unemployment rate
3.9%
Show 4 more
Population
66,557
Income adjusted for cost of living
$78,913
Net moves in (IRS)
+103
Cost of living (US = 100)
95.5
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
55.9
Flood risk score
63.8
Show 3 more
Wildfire risk score
21.6
Walkability (1 to 20)
4.9
Road, rail and air noise
54 dB
Questions people ask
Is Ionia County, MI overvalued?
Home prices in Ionia County, MI are well above what local incomes have historically supported: fair value is about $209,215, so the area is 26.5% overvalued.
Is Ionia County, MI a buyer's or seller's market?
Ionia County, MI is a balanced market: homes take about 44 days to sell, listings are up 25% from a year ago, 21% of listings have had a price cut.
Are home prices going down in Ionia County, MI?
Home values in Ionia County, MI are up 6.3% over the last year. Zillow's forecast for the next 12 months is +3.3%.
How much do you need to earn to buy a home in Ionia County, MI?
A household needs about $57,392 a year to afford the typical home in Ionia County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $75,362.