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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Ionia, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ionia, MI Housing Market Trends

With 12,935 people, 3,669 houses or apartments, and a median cost of homes of $202,908, house prices in Ionia are solidly below the national average.

Single-family detached homes are the single most common housing type in Ionia, accounting for 61.78% of the city's housing units. Other types of housing that are prevalent in Ionia include large apartment complexes or high rise apartments ( 21.64%), duplexes, homes converted to apartments or other small apartment buildings ( 13.22%), and a few row houses and other attached homes ( 1.90%).

The most prevalent building size and type in Ionia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.61% owning and 56.39% renting.

The housing in Ionia was primarily built before 1939 ( 42.74%), making the housing stock in Ionia some of the oldest overall in America, although there is a range of ages of homes in Ionia. The next most important housing age is between 1940-1969 ( 23.92%), followed by between 1970-1999 ( 19.51%). There's also some housing in Ionia built between 2000 and later ( 13.83%).

Ionia Home Appreciation Rates

In the last 10 years, Ionia has experienced some of the highest home appreciation rates of any community in the nation. Ionia real estate appreciated 114.10% over the last ten years, which is an average annual home appreciation rate of 7.91%, putting Ionia in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ionia definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Ionia that despite a nationwide downturn in the housing market, Ionia real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ionia appreciation rates continue to be some of the highest in America, at 6.66%, which is higher than appreciation rates in 70.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ionia. Ionia appreciation rates in the latest quarter were at -1.60%, which equates to an annual appreciation rate of -6.24%.

Notably, Ionia's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Michigan, our data show that Ionia's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Ionia differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ionia - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ionia real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$202,908

Ionia, MI Home Prices
> $1,385,000
$1,039,001 - $1,385,000
$693,001 - $1,039,000
$554,001 - $693,000
$415,001 - $554,000
$277,001 - $415,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
0.7%
0.7%
0.0%
0.0%
0.6%
0.6%
0.7%
0.7%
4.7%
4.7%
21.5%
21.5%
47.1%
47.1%
17.6%
17.6%
7.0%
7.0%
0% 100.0%
% of Homes
Low

for Michigan

Low

for nation

Number of Homes And Apartments:

3,669

Ionia Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,406 / per month

Homeownership Rate

Owners
Renters
43.6%
43.6%
56.4%
56.4%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
13.8%
13.8%
19.5%
19.5%
23.9%
23.9%
42.7%
42.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
61.8%
61.8%
1.9%
1.9%
13.2%
13.2%
21.6%
21.6%
1.5%
1.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.6%
3.6%
13.7%
13.7%
25.2%
25.2%
34.9%
34.9%
21.7%
21.7%
0.9%
0.9%
0% 100.0%
% of Homes