48875 — Ionia County, Michigan Market Snapshot
Housing market data for zip code 48875 in Ionia County, Michigan. Updated monthly with median prices, days on market, and more.
Market Sales Data
16 sales in 2026 (year to date)
Median Sale Price
$272,250
Days to Sell
45
Homes Sold
16
Inventory
15
Sale-to-List
97.9%
New Listings
25
Price/SqFt
$162
Pending Sales
25
Conforming Loan Available
Most homebuyers in 48875 can comfortably use conventional financing. The median home price of $272,250 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
48875's market is balanced with homes taking an average of 45 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 48875 sells for 2.1% below asking price (97.9% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 48875 can comfortably use conventional financing. The median home price of $272,250 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 48875 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 48875
To purchase the median home at $272,250 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,236.
Monthly Payment
$2,236
Income Required
$95,824
Principal & Interest
$1,678/mo
Down Payment (5%)
$13,613
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 48875.
Estimated Monthly Payment
$1,835
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