The typical owner-occupied home in Ida is worth about $284,200, 23% above the Michigan median of $231,600 and 15% below the national median of $332,700. Owners pay a median $1,959 a year in property taxes, about 0.69% of their home's value, lower than the Michigan rate of 1.25%. The median household earns $125,979 a year, so the median home costs 2.3 times the median income (3.2 times for Michigan). 92% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Ida at a glance
| Ida | Michigan | U.S. | |
|---|---|---|---|
| Median home value | $284,200 | $231,600 | $332,700 |
| Median property tax paid per year | $1,959 | $2,904 | $3,119 |
| Property tax as a share of value | 0.69% | 1.25% | 0.94% |
| Median household income | $125,979 | $72,875 | $80,734 |
| Homes lived in by their owners | 92% | 73% | 65% |
| Owner homes with a mortgage | 69% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $1,703 | $1,569 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 19.3% | 21.0% |
| Median rent | – | $1,129 | $1,413 |
| Median year homes were built | 1969 | 1972 | 1980 |
| Vacant homes | 1.5% | 11.8% | 10.1% |
| Population | 1,050 | 10,077,761 | 334,922,499 |
What a typical home costs per month in Ida
At this week's average 30-year rate of 7.11%, buying the median Ida home of $284,200 with 20% down costs about $1,811 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,285, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $77,627 for the 20%-down payment. That payment is 17% of the median Ida household income of $125,979; at that income and 20% down, the 28% guideline points to a home of about $461,000.
| Down payment | $56,840 |
|---|---|
| Loan amount | $227,360 |
| Principal and interest | $1,529 |
| Property taxes (0.69% a year) | $163 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| PMI | $0 |
| Total per month | $1,811 |
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| Down payment | $9,947 |
|---|---|
| Loan amount | $279,052 |
| Principal and interest | $1,877 |
| Property taxes (0.69% a year) | $163 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| FHA mortgage insurance | $126 |
| Total per month | $2,285 |
Change the numbers in the calculator
Questions about home buying in Ida
What is the median home value in Ida?
About $284,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ida?
Homeowners pay a median $1,959 a year, which is about 0.69% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Ida?
For the median home with 20% down at 7.11%, the payment is about $1,811 a month. Keeping that under 28% of gross income takes about $77,627 a year.
More about Ida
- Mortgage Refinance in Ida
- Debt Relief in Ida
- Home Equity Loans in Ida
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data