Home Values

Ionia Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$79,700

  • 2.0% 1-year change
  • 2.0% 1-year forecast

The median home value in Ionia is $79,700. Ionia home values have gone up 2.0% over the past year and Zillow predicts they will rise 2.0% within the next year. The median list price per square foot in Ionia is $72, which is lower than the Grand Rapids Metro average of $92. The median price of homes currently listed in Ionia is $115,000 while the median price of homes that sold is $95,882. The median rent price in Ionia is $540, which is lower than the Grand Rapids Metro median of $909.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Ionia is 4.6%, which is lower than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Ionia homeowners underwater on their mortgage is 25.9%, which is higher than Grand Rapids Metro at 16.3%.

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Relative ZHVI
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Ionia Market Overview

Data through Sep 30, 2014
  • $79,700 ZHVI
  • 2.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Sep 30, 2015)
  • $115,000 Median listing price
  • No recent data Median sale price
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Ionia Market Health

Data through Sep 30, 2014
  • 4.8/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 25.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.6% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Saranac $132,900
Portland $130,800
Pewamo $112,100
Name Median ZHVI
Lake Odessa $108,600
Lyons $107,100
Orleans $104,500
Name Median ZHVI
Belding $98,400
Fenwick $93,500
Sheridan $77,200

Listings & Sales

Data through Sep 30, 2014
  • $72 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 42.6% Listings with price cut
27.7%
Sold below listing
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Ionia Rentals

Data through Sep 30, 2014
  • Zillow Rent Index

  • $792 Ionia
    $1,137 Grand Rapids Metro
    $1,335 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No recent data Rent list price
  • No recent data Rent list price / sq ft
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