Kalamazoo, MI is a great place to buy a house. The median value of housing in Kalamazoo is $193,100, which is significantly lower than the US median value of $338,100. Not only that but Kalamazoo has seen an impressive 1 year appreciation rate of 10.54%, higher than the US average at 8.27%. This makes Kalamazoo an attractive investment for potential homeowners looking for a good deal and a strong return on their investment.
The median home cost in Kalamazoo is $193,100. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Kalamazoo is up 14.9%.
Average Age of Homes
- The median age of Kalamazoo real estate is 59 years old
The Rental Market in Kalamazoo
- Renters make up 47.2% of the Kalamazoo population
- 2.5% of houses and apartments in Kalamazoo, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.