48846 — Ionia County, Michigan Market Snapshot
Housing market data for zip code 48846 in Ionia County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
31 sales in 2026 (year to date)
Median Sale Price
$227,000
Days to Sell
11
Homes Sold
31
Inventory
18
Sale-to-List
101.2%
New Listings
42
Price/SqFt
$143
Pending Sales
33
Conforming Loan Available
Most homebuyers in 48846 can comfortably use conventional financing. The median home price of $227,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
48846 is an extremely competitive market with homes selling in just 11 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 48846 (101.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 48846 can comfortably use conventional financing. The median home price of $227,000 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 48846 are set at the county level.
2026 Loan Limits — Ionia County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 48846
To purchase the median home at $227,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,889.
Monthly Payment
$1,889
Income Required
$80,966
Principal & Interest
$1,399/mo
Down Payment (5%)
$11,350
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 48846.
Estimated Monthly Payment
$1,555
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