HousingHandbookReference data

U.S. ZIP Code · MI48846

Ionia County · Grand Rapids-Wyoming-Kentwood, MI

Typical home value

$225,966[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+4.9%
5-year / yr
+5.5%
10-year / yr
+7.9%

Relative price

vs U.S.
-20.5%
vs metro
-26.3%
vs state
-5.5%
ZIP 48846 location in MI
Location of ZIP 48846 in MI

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 48846 is worth $225,966 — 26.3% below the Grand Rapids-Wyoming-Kentwood, MI median. Over the past year, values have risen 4.9%. The effective property tax rate is 0.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.9%[3]
Typical annual tax
$1,998[3]

#Climate risk

FEMA National Risk Index ratings for Ionia County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
No Rating
Heat wave
Very Low
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
Relatively Low

#Who lives here

Population
21,613[3]
Median household income
$66,742[3]

#Migration

Household moves in and out of Ionia County over a year, from IRS tax-return data.

Net migration
+38[5]
Moved in
1,605
Moved out
1,567

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
15
Elementary
7
Middle
1
High
6
  • Ionia High School

    High · Grades 9–12 · Ionia Public Schools

    801 students

  • Ionia Middle School

    Middle · Grades 6–8 · Ionia Public Schools

    613 students

  • AA Rather School

    Elementary · Grades PK–5 · Ionia Public Schools

    321 students

  • Jefferson School

    Elementary · Grades PK–5 · Ionia Public Schools

    284 students

  • RB Boyce Elementary School

    Elementary · Grades K–5 · Ionia Public Schools

    258 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,143
Loan principal$180,773
Down payment$45,193
Total interest paid$230,566

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,497
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
32nd percentile[1]
Rental yield
[2]
Property tax
10th percentile[3]

Frequently asked

How much is a home worth in ZIP code 48846?
The typical home in 48846 is worth $225,966, based on the Zillow Home Value Index.
Are home values rising in 48846?
Home values in 48846 are up 4.9% over the past year, and up 5.5% a year over five years.
What is the property tax rate in 48846?
The effective property tax rate in 48846 is 0.9% — roughly $1,998 a year on a typical home.
Who lives in 48846?
ZIP code 48846 has a population of 21,613 and a median household income of $66,742.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Stanton, MI

    Typical home
    $224,023
    Gross yield
  • Lakeview, MI

    Typical home
    $221,606
    Gross yield
  • Sheridan, MI

    Typical home
    $220,861
    Gross yield
  • Trufant CDP, MI

    Typical home
    $232,385
    Gross yield
  • Nashville, MI

    Typical home
    $217,029
    Gross yield
  • MI

    Typical home
    $235,994
    Gross yield

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