In Ionia, a typical home is worth $164,800 and typical rent is $852 a month. Compared with all of Ionia County, the typical home value is 17% lower, typical household income is 15% lower, and the share of households that own their home is 18 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $180,628 to $229,964.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Ionia is in Ionia County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Ionia County. See the county
What this place has that others do not, from public data, most unusual first.
1
60% of households in Ionia own their home, against 77% in Ionia County.
2
Nearby, in Belding, the typical rent is $668: 22% less than in Ionia ($852).
3
The typical home in Ionia is worth $164,800,17% less than in Ionia County as a whole ($198,500).
4
The typical household income in Ionia is $63,978,15% less than in Ionia County as a whole ($75,611).
5
16% of households in Ionia have no internet at home (10% in Ionia County).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Ionia
What homes there are in Ionia, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Ionia
Ionia County
Michigan
United States
Kind of home: Ionia and its comparisons
Measure
Ionia
Ionia County
Michigan
United States
Detached house
63%
75%
72%
61%
Attached house
Unreliable estimate
1%
5%
6%
Building of 2 to 4
10%
4%
5%
8%
Apartments (5 or more)
23%
9%
13%
19%
Mobile home
Unreliable estimate
12%
5%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Ionia, but it weighs less than in Ionia County: 63% against 75%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Ionia
Ionia County
Michigan
United States
Year built: Ionia and its comparisons
Measure
Ionia
Ionia County
Michigan
United States
Before 1960
63%
41%
36%
26%
1960–1979
17%
21%
26%
24%
1980–1999
7%
20%
22%
25%
2000–2009
Unreliable estimate
12%
10%
14%
2010 or later
Unreliable estimate
7%
6%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K18%
$100K–$200K49%
$200K–$300K18%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Ionia and its comparisons
Measure
Ionia
Under $100K
18%
$100K–$200K
49%
$200K–$300K
18%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99948%
$1,000–$1,49936%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Ionia and its comparisons
Measure
Ionia
Under $500
Unreliable estimate
$500–$999
48%
$1,000–$1,499
36%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,262 a month
Ionia County: $1,383 a month
Without a mortgage
$606 a month
Ionia County: $549 a month
Owners with a mortgage
69%
Ionia County: 60%
Owning costs less in Ionia: with a mortgage, the typical cost is $1,262 a month; in Ionia County, $1,383. Without one, $606.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Ionia+69%
Ionia County+51%
Michigan+50%
United States+53%
Typical rent
IoniaNo clear change
Ionia County+15%
Michigan+30%
United States+33%
Typical household income
Ionia+31%
Ionia County+33%
Michigan+28%
United States+29%
Change since 2015–2019: Ionia and its comparisons
Measure
Ionia
Ionia County
Michigan
United States
Typical home value
+69%
+51%
+50%
+53%
Typical rent
No clear change
+15%
+30%
+33%
Typical household income
+31%
+33%
+28%
+29%
Since 2015–2019, homes in Ionia gained value faster than in Ionia County: 69% against 51%.
The typical rent in Ionia stayed about the same over that time: the difference is within the Census margin of error.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Ionia and its comparisons
Measure
Ionia
Ionia County
Michigan
United States
Rental vacancy
Unreliable estimate
3.8%
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.2%
1.6%
3.4%
People per household
2.46
2.71
2.42
2.53
Drive alone
68%
79%
74%
69%
Carpool
14%
9%
8%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
Unreliable estimate
9%
14%
15%
Other means
Unreliable estimate
0%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Ionia has 2.46 people, fewer than in Ionia County (2.71).
Carpooling is common in Ionia: 14% of workers get to work that way, against 9% in Ionia County.
Do the math
What would you pay each month for a home in Ionia?
A typical home is within reach of the typical income
We start with a typical home in Ionia, worth $164,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 26% of the typical household income in Ionia, which is $63,978 a year.
The calculator's FHA and conventional loan limits are those of all of Ionia County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Ionia. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,768 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,396
at 7.18% · 30 years
Loan amount
$161,815
Total interest
$232,814
Paid off in
November 2056
Includes $2,783 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,493 a month
Your payment · 26%
Tight
$1,493 to $1,919 a month
Hard
more than $1,919 a month
Compared with the typical household income in Ionia ($63,978 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,096
Property tax
$158
Home insurance
$69
FHA mortgage insurance (MIP)
$73
You need at least $5,768 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,396; principal and interest $1,096.
The city and its county
Ionia and Ionia County
Ionia is in Ionia County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Ionia
Map of Ionia County, Michigan, with Ionia marked. Around it, the neighboring counties.
Ionia
Ionia County
Other cities with a page
Ionia's own numbers
Typical home value
$164,800
Typical monthly rent
$852
Typical yearly household income
$63,978
Households that own their home
60%
Effective property tax rate
1.15%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Ionia County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,238
Price change over 5 years (FHFA)
+56%
Homes in a high flood-risk zone
2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Ionia County.
A typical home in Ionia is worth $164,800: 17% below the county and 29% below Michigan. With the typical household income in Ionia ($63,978 a year), a typical home costs 2.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Ionia2.6 years
County2.6 years
Michigan3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Ionia County
According to FHFA’s house price index, home prices in Ionia County rose 114% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Ionia County.
Yearly change in FHFA’s price index in Ionia County, 2016 to 2025
2016: +6.3% +6.3% 2016
2017: +8.7% +8.7% 2017
2018: +5.4% +5.4% 2018
2019: +7.0% +7.0% 2019
2020: +5.3% +5.3% 2020
2021: +13.8% +13.8% 2021
2022: +14.0% +14.0% 2022
2023: +8.7% +8.7% 2023
2024: +6.7% +6.7% 2024
2025: +3.9% +3.9% 2025
Change in FHFA’s price index in Ionia County, Michigan and the United States
Period
County
Michigan
U.S.
Last year (2025)
+3.9%
+4.7%
+2.9%
5 years (2020–2025)
+56%
+52%
+47%
10 years (2015–2025)
+114%
+97%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Ionia next to Ionia County, Michigan and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Ionia$164,800
County$198,500
Michigan$231,600
United States$332,700
Typical monthly rent
Ionia$852
County$884
Michigan$1,129
United States$1,413
Typical yearly household income
Ionia$63,978
County$75,611
Michigan$72,875
United States$80,734
See the full table
Ionia next to Ionia County and Michigan
Measure
Ionia
Ionia County
Michigan
U.S.
Typical home value
$164,800 ▼17% below the county
$198,500
$231,600
$332,700
Typical monthly rent
$852 ▼4% below the county
$884
$1,129
$1,413
Typical yearly household income
$63,978 ▼15% below the county
$75,611
$72,875
$80,734
Households that own their home
60% ▼18 points below the county
77%
73%
65%
Typical yearly property tax
$1,898 ▼15% below the county
$2,237
$2,904
$3,119
Effective property tax rate
1.15% ▲0.02 points above the county
1.13%
1.25%
0.94%
Renters with high rent for their income
54% ▲5 points above the county
49%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Ionia County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Ionia
For a typical $164,800 home in Ionia, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Ionia's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,396a month
Least cash to close
Down payment
$5,768
Cash to close
$10,712
Rate
7.18%
Mortgage insurance
FHA MIP · $73
Conventional, 5% down$1,365a month
Down payment
$8,240
Cash to close
$13,184
Rate
7.18%
Mortgage insurance
PMI · $78
Conventional, 20% down, no PMI$1,120a month
Down payment
$32,960
Cash to close
$37,904
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,272a month
Down payment
$24,720
Cash to close
$29,664
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Ionia
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,396
$5,768
$161,815
7.18%
FHA MIP · $73
$10,712
580
Conventional, 5% down
$1,365
$8,240
$156,560
7.18%
PMI · $78
$13,184
620*
Conventional, 20% down, no PMI
$1,120
$32,960
$131,840
7.18%
None
$37,904
620*
ITIN, 15% down (example)
$1,272
$24,720
$140,080
8.18%
None
$29,664
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Ionia is $852 a month: 4% below the county. In Ionia, 54% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Ionia County, by unit size. To pay the 2-bedroom one ($1,238 a month) without spending more than 30% of your income, you would need to earn $23.81 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Ionia County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$862
$16.58
$34,480
1 bedroom
$946
$18.19
$37,840
2 bedrooms
$1,238
$23.81
$49,520
3 bedrooms
$1,579
$30.37
$63,160
4 bedrooms
$1,930
$37.12
$77,200
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Ionia
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Ionia is in ZIP code 48846.
For 2 bedrooms it is $1,190: $48 less than the fair market rent for Ionia County ($1,238).
Fair market rent by ZIP code and size in Ionia, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
48846
$830
$910
$1,190
$1,520
$1,850
ZIP code2 bd3 bd
48846 $1,190$1,520
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Ionia when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 8 buildings with rents for lower incomes in Ionia. These are the largest.
Pine Vista/Robertston CT/Scattered-Site667 Union St, Ionia 48846111 homes, 110 low-income · Run by Ionia Housing Commission · Average payment: $442 a month · Average wait: 23 months · Homes at several sites(616) 527-9060
Belleview Place Apts121 Belleview Dr, Ionia 4884648 low-income homes · 1 bd: 4 · 2 bd: 24 · 3 bd: 20 · In service since 2004 · For families
Belleview Place II127 Belleview Dr, Ionia 4884649 homes, 44 low-income · 1 bd: 4 · 2 bd: 20 · 3 bd: 21 · 4 bd: 4 · In service since 2006 · For families
Wooded View Apts630 Johnson Rd, Ionia 4884640 homes, 39 low-income · 1 bd: 17 · 2 bd: 23 · In service since 1998
Valley View III718 N State St, Ionia 4884639 low-income homes · 1 bd: 34 · 2 bd: 5 · In service since 2003 · For older adults
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Ionia County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Ionia or Ionia County. The ones below are statewide in Michigan: they work in Ionia the same as in the rest of the state.
Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it.Offered by Michigan State Housing Development Authority (MSHDA).
Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy.Offered by Michigan State Housing Development Authority (MSHDA).
No legal help resource on our list is for Ionia or Ionia County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Ionia and all of Ionia County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Ionia?
The typical home value in Ionia is $164,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Ionia County it is $198,500.
How much does it cost to rent in Ionia?
Typical rent in Ionia is $852 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Ionia County is $1,238.
What is the FHA loan limit in Ionia?
Ionia uses the FHA limit for all of Ionia County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Ionia?
The typical homeowner in Ionia pays $1,898 a year, according to the U.S. Census Bureau. That is 1.15% of the home’s value; in Ionia County, the rate is 1.13%.
Where can I find free help to buy or rent in Ionia?
There is 1 HUD-approved counseling agency with an office in Ionia County. They can help you get ready to buy, with your credit, or with rent.
