Ionia, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Ionia Neighborhoods Since 2000




Ionia, MI Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Ionia Housing Market Information

With a population of 11,372, 2,784 total housing units (homes and apartments), and a median house value of $103,289, 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 58.42% of the city's housing units. Other types of housing that are prevalent in Ionia include large apartment complexes or high rise apartments ( 20.06%), duplexes, homes converted to apartments or other small apartment buildings ( 18.62%), and a few row houses and other attached homes ( 2.91%).

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 37.61% owning and 62.39% renting.

The housing in Ionia was primarily built before 1939 ( 48.42%), 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 1970-1999 ( 23.37%), followed by between 1940-1969 ( 21.62%). There's also some housing in Ionia built between 2000 and later ( 6.59%).

Vacant housing appears to be an issue in Ionia. Fully 13.03% of the housing stock is classified as vacant. Left unchecked, vacant Ionia homes and apartments can be a drag on the real estate market, holding Ionia real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ionia Home Appreciation Rates

Ionia's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ionia during the period has been just -1.43%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Ionia's appreciation rate, at 4.12%, has been at or slightly above the national average. In the latest quarter, Ionia's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Michigan, our data show that Ionia's latest annual appreciation rate is lower than 60% 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:
$103,289

Ionia, MI HOME PRICES

Value Range
> $1,182,000 0.0
$886,001 - $1,182,000 0.0
$591,001 - $886,000 0.1
$473,001 - $591,000 0.1
$354,001 - $473,000 2.0
$237,001 - $354,000 4.5
$118,001 - $237,000 31.2
$59,001 - $118,000 40.6
$0 - $59,000 21.4

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
75.4775577170983 72.4358974358974

Number Of Homes And Apartments:
2,784

Ionia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
-2.02% -0.12% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$866 / per month

Homeownership Rate

Homeownership
Owners 37.61
Renters 62.39
Vacant 13.03

Housing Market Details

 

Age of Homes

AGE OF Ionia HOMES
2000 or Newer 6.6
1970 - 1999 23.4
1940 - 1969 21.6
1939 or Older 48.4

Types of Homes

TYPE OF Ionia HOMES
Single-Family 58.4
Townhomes 2.9
Small Apt. Buildings 18.6
Apt. Complexes 20.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Ionia HOMES
No Bedroom 3.47
1 Bedroom 13.09
2 Bedrooms 27.59
3 Bedrooms 41.39
4 Bedrooms 11.84
5 or more bedrooms 2.62