New Hyundai Ioniq 5 for Sale nearCovington, IN

How much does the Hyundai Ioniq 5 cost in today's market?

Used Hyundai Ioniq 5 prices span a wide range depending on model year. Here's what the market looks like right now:

The Hyundai Ioniq 5's current nationwide average price is $27,470, and its lowest point over the past year was $25,033. Recently, prices have come down for the 2022 and 2024 models, making now a good time to shop recent model years.

Is the Hyundai Ioniq 5 a good car?

Yes — the Hyundai Ioniq 5 is a strong choice if you want a distinctive EV with broad appeal, useful range, and a well-rounded mix of comfort, technology, and capability. The all-generations owner rating is 4.85/5 across every model year in the data.

Owners consistently praise the Hyundai Ioniq 5 for its striking design, spacious cabin, and impressive range. They also highlight the smooth, quiet ride and the easy-to-use technology, along with strong value for the money.

Expert reviews rate the 2022 and 2025 models among the highest across all years.

The main tradeoffs called out by experts center on cargo space, seat comfort, and the minimalist cabin theme.

37.7% of listings are priced as good or great deals.

Are Hyundai Ioniq 5 models reliable?

Owners consistently describe the Hyundai Ioniq 5 as a smooth, well-built EV with strong everyday usability, and expert coverage reinforces its practical appeal, charging speed, and overall polish. Across the model years in the data, it also earns especially positive feedback for its design, space, and technology.

• Owners rate the Hyundai Ioniq 5 between 4.73 and 5.0 out of 5 stars across all model years in the data.

For long-term ownership, you should focus on battery condition, charging habits, and the remaining warranty coverage when you shop used.

What should I look for when buying a used Hyundai Ioniq 5?

Across all model years, accident-free inventory is excellent at 94.7% — clean inventory, standard diligence applies.

Key things to evaluate:

• Safety package: Hyundai's Highway Driving Assist 1
• Infotainment: a 12.3-inch digital instrument cluster and a 12.3-inch infotainment touchscreen under a single piece of glass with wireless Apple CarPlay and Android Auto
• Range & charging: 245 miles of range, 63-kilowatt-hour battery pack, 10%–80% in 20 minutes, up to 250 kW, 10%–100% in seven hours and 20 minutes
• Battery health: Check the battery state of health, ask how the car has been charged over time, and review the remaining battery warranty before you buy

Which Hyundai Ioniq 5 trim should I buy?

The 2026 Hyundai Ioniq 5 offers these trims:

• SE Standard Range: The entry trim starts the lineup with the 168-horsepower single-motor rear-wheel-drive setup and the 63-kilowatt-hour battery, making it the efficiency leader and the most affordable way in.
• SE: This trim adds the larger 84-kWh battery and 220-hp rear-wheel-drive setup, giving you more range while staying close to the core Ioniq 5 formula.
• SEL: The SEL builds on the SE with more equipment and sits in the middle of the lineup for shoppers who want a stronger value balance.
• Limited: The Limited adds the most upscale cabin experience, including the head-up display, Bose audio, and the comfort and convenience features that make it the best-value trim for many buyers.
• XRT: The XRT brings the off-road-oriented setup with a higher ride height, all-terrain tires, front tow hooks, unique fascias, and terrain modes for Mud, Sand, and Snow.
• N: The N is the high-performance model, with its own dual-motor powertrain and the most extreme output in the lineup.

What Hyundai Ioniq 5 do most buyers choose?

The Hyundai Ioniq 5 years with the most listings are 2024, 2023, and 2025.

These higher-volume years tend to be the most popular used picks because they give you more inventory to compare, more pricing competition, and a better chance of finding the trim and condition you want.

What is the Hyundai Ioniq 5's resale value?

The table shows a mixed but buyer-friendly pattern overall, with two model years posting clear declines and one staying essentially flat. That means you can find meaningful savings on some recent versions while still seeing one year that has remained especially steady. The 2023 model year is holding steady, with prices close to flat year-over-year. The 2023, 2022, and 2024 model years have held their value best, with the smallest year-over-year price changes.

Is the Hyundai Ioniq 5 safe?

• 2026: 9/10
• 2025: 9/10
• 2022: 10/10

The 2026 Hyundai Ioniq 5 comes standard with Hyundai's Highway Driving Assist 1.

For the safest used buy, the 2022 model posts the highest confirmed score of 10/10.

Should I buy a used Hyundai Ioniq 5 now or wait for the next model?

Buy now if:

• Price trend: The 2024 model is at −15.49% versus a year ago, and the 2022 model is at −9.25%.
• Deal availability: The 2024 model has 37.9% good and great deals, and the 2022 model has 36.8%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $27,322. The Hyundai Ioniq 5 offers a spacious cabin and a distinctive design that make it feel modern and easy to live with.

Consider waiting if:

• Range & charging: 245 miles of range, 63-kilowatt-hour battery pack, 10%–80% in 20 minutes, up to 250 kW
• Tech: a 12.3-inch digital instrument cluster and a 12.3-inch infotainment touchscreen under a single piece of glass, wireless Apple CarPlay and Android Auto
• Safety: Hyundai's Highway Driving Assist 2 that adds automatic lane changes to Highway Driving Assist 1
• Starting price: The Ioniq 5 starts at $36,600 including destination.

If you're buying used today, the 2024 model year offers the best mix of value and availability. If you want the latest tech and features, it may be worth waiting for the next model year's inventory to build up.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.