48846, Ionia, MI

The 48846 zip code of Ionia, MI has a median home value of $122,000 and a median home equity value of $141,000. The city has a population of just over 10,000 people and is located in the southeast corner of Ionia County.

The average price per square foot for homes in the 48846 zip code is $92 which is above the Michigan average of $79. This may be due to the close proximity to Ann Arbor which has a population of over 150,000 people and numerous colleges and universities. Additionally, Ionia is located within easy driving distance to Lansing which has a population of over 200,000 people and many major businesses.

There have been recent increases in home values in the 48846 zip code as well as statewide. In 2016, the median home value increased by 5% while the statewide increase was 7%. This indicates that there are likely opportunities for buyers who are looking for properties in this area with good home equity values.