CA is the cheapest state at -2% and MN the priciest at +12%; a four-wheel drive Ioniq 5 asks +7% against the median of its model year.
Hyundai Ioniq 5 price by model year
| Year | Typical price | Spread | Listings |
|---|---|---|---|
| 2025 | — | 7 | |
| 2024 | 1.2× | 56 | |
| 2023 | — | 15 | |
| 2022 | — | 5 |
For the 2023 model year, the Hyundai Ioniq 5 has a median asking price of $26,920; the Toyota RAV4 asks $30,110, the Jeep Wrangler $28,240 and the Tesla Model Y $30,776. It is the cheapest of the four, 13% below the priciest.
Dealer or private seller
| Seller | Listings | vs median year | Average asked |
|---|---|---|---|
| Dealer | 190 | +3.5% | $27,035 |
How fast price falls with mileage
Measured on the 2024 Ioniq 5, the model year with the most listings, so age does not mix in. Between the 0–25k and 25–50k bands the asking price falls 7%.
| Mileage | Price drop | Listings |
|---|---|---|
| 0–25k miles | 109 | |
| 25–50k miles | 34 |
Which options hold value
The single biggest swing on a Hyundai Ioniq 5 is drivetrain: 4WD asks +7% against the median of its own model year.
| Item | Option | Listings | vs median year |
|---|---|---|---|
| Drivetrain | Four-wheel drive | 103 | +6.6% |
| Drivetrain | Front-wheel drive | 43 | -0.7% |
Where it's cheaper
States where the Hyundai Ioniq 5 asks least and most, measured against the national median for each model year. Most expensive is MN at +12%, cheapest CA at -2% — 14 points apart, which on a $26,920 car is roughly $3,661.
| State | Listings | vs national median |
|---|---|---|
| CA | 76 | |
| CO | 52 | |
| OR | 17 | |
| WA | 18 | |
| MN | 31 |
Asking prices are the market. What is that car worth?
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Frequently asked questions
How much does a used Hyundai Ioniq 5 cost?
The median asking price is $26,920 across 208 live listings. A 2022 asks about $22,995 and a 2025 about $29,785. The most listed year is 2024, at $25,363.
Is a used Ioniq 5 cheaper than a Toyota RAV4?
Yes. For the 2023 model year the Ioniq 5 has a median asking price of $26,920 and the Toyota RAV4 $30,110, so the Ioniq 5 asks 11% less.
How much value does a Ioniq 5 lose per 25,000 miles?
About 7% of the asking price for every 25,000 miles on the 2024 Ioniq 5, measured from the 0–25k band to the 25–50k band. To price one car by its year and mileage, use the Hyundai Ioniq 5 valuation tool.
Where is the cheapest place to buy a Ioniq 5?
Of the states with enough listings, CA asks least at -1.5% against the national median, and MN most at +12.1%. On the typical $26,920 Ioniq 5 that spread is about $3,661.
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