The typical owner-occupied home in Ionia is worth about $64,300, 72% below the Missouri median of $230,300 and 81% below the national median of $332,700. The median household earns $16,875 a year, so the median home costs 3.8 times the median income (3.3 times for Missouri). 92% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Ionia at a glance
| Ionia | Missouri | U.S. | |
|---|---|---|---|
| Median home value | $64,300 | $230,300 | $332,700 |
| Median property tax paid per year | – | $1,948 | $3,119 |
| Median household income | $16,875 | $70,702 | $80,734 |
| Homes lived in by their owners | 92% | 68% | 65% |
| Owner homes with a mortgage | 33% | 60% | 61% |
| Median monthly costs, owners with a mortgage | $800 | $1,524 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 19.0% | 21.0% |
| Median rent | – | $1,033 | $1,413 |
| Median year homes were built | 1959 | 1978 | 1980 |
| Vacant homes | 27.8% | 11.2% | 10.1% |
| Population | 74 | 6,191,814 | 334,922,499 |
What a typical home costs per month in Ionia
At this week's average 30-year rate of 7.11%, buying the median Ionia home of $64,300 with 20% down costs about $432 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $539, 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 $18,504 for the 20%-down payment. That payment is 31% of the median Ionia household income of $16,875; at that income and 20% down, the 28% guideline points to a home of about $59,000.
| Down payment | $12,860 |
|---|---|
| Loan amount | $51,440 |
| Principal and interest | $346 |
| Property taxes (1.10% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| PMI | $0 |
| Total per month | $432 |
Change the numbers in the calculator
| Down payment | $2,250 |
|---|---|
| Loan amount | $63,135 |
| Principal and interest | $425 |
| Property taxes (1.10% a year) | $59 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| FHA mortgage insurance | $28 |
| Total per month | $539 |
Change the numbers in the calculator
Questions about home buying in Ionia
What is the median home value in Ionia?
About $64,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Ionia?
For the median home with 20% down at 7.11%, the payment is about $432 a month. Keeping that under 28% of gross income takes about $18,504 a year.
More about Ionia
- Mortgage Refinance in Ionia
- Debt Relief in Ionia
- Home Equity Loans in Ionia
- 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