The story of this market
The typical home in ZIP 48846 sells for about $265,000, or $139 per square foot.
Prices are up +29.6% from a year ago, so sellers still have some momentum. Homes take about 34 days to sell. HUD's fair market rent for a two-bedroom is $1,706 a month.
ZIP 48846 — Ionia
The 48846 housing market is currently a warm, balanced market with a median listing price of $265,000. While inventory remains tight with 41 active listings, the market has seen significant year-over-year price growth of 29.6%. Some specific data points, such as closed sales counts and months of supply, are not currently published for this specific ZIP code.
This ZIP code is well-suited for families and those seeking a quieter, car-dependent lifestyle with access to historic housing stock and local community events.
Median prices moved up 29.6% year over year.
Homes spend a median of 34 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.9% · poverty 9.1% — a stable, low-distress profile.
ZCTA 48846, Ionia County MI
Residents have access to both public and private schooling options at the elementary and high school levels throughout the ZIP code.
The area features retail centers like Market Square Plaza and hosts the annual Ionia Free Fair, which is noted as the world's largest free county fair.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
The area is highly car-dependent, with approximately 89.7% of residents commuting by driving; transit usage is minimal at 2.3%.
The area offers access to local parks and recreation, with some residents within walking distance of supermarkets and dining options.
The rental market includes a mix of single-family homes and apartment units, with rent estimates for studio units around $1,347 and broader market estimates near $1,706.
The local economy is supported by retail and community services, with proximity to larger employment hubs in Lansing and Grand Rapids.
The area is served by major road corridors, with I-96 providing regional connectivity; public transit options are limited.
Data retrieved from MyTownView and Census-based reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Known as the world's largest free county fair, held annually for 10 days in late July.
A retail center located at 3192 Commerce Lane.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.