Grand Rapids-Kentwood, MI · Michigan
Ionia County
ZIP 48809
66,706 residents98 permits TTM$73,436 median HHI12 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$189,400
ACS 5-Year
Cap rate proxy
5.3%
FMR × 0.65 ÷ Home Value
Rent-to-income
13.7%
HUD FMR ÷ ACS HHI
Net migration
+1.90%
IRS SOI
Permits (TTM)
98
Census BPS
Climate risk
55.9
FEMA NRI (0–100)
ZIP 48809
Median home value
—
Gross yield
—
Cap rate
3.9%
Rent gap
—
Affordability
P/I: 3.5R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown12 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 48870 | — | — | — | 5.3% | — |
| 48845 | — | — | — | 5.3% | — |
| 48846 | — | — | — | 4.6% | — |
| 48860 | — | — | — | 4.4% | — |
| 48851 | — | — | — | 4.2% | — |
Ranked by composite score
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Demographics
Owner-occupied
77.2%
Census ACS
Vacancy rate
7.1%
Census ACS
Bachelor's degree +
18.0%
Census ACS
Rent burdened
42.2%
Census ACS (>30% income)
Median age
38.8
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026