The housing market in the Kalamazoo-Portage, MI Metro Area is quite strong. The median value of homes in this area is currently $231,100, which is significantly lower than the US median of $338,100. However, it is also seeing an impressive rate of appreciation over the last year at 15.49%, much higher than the US average of 8.27%. This makes the region an attractive option for those looking to invest in real estate and suggests a bright future for the local housing market.
The median home cost in Kalamazoo-Portage Metro Area is $231,100. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Kalamazoo-Portage Metro Area is up 14.9%.
Average Age of Homes
- The median age of Kalamazoo-Portage Metro Area real estate is 44 years old
The Rental Market in Kalamazoo-Portage Metro Area
- Renters make up 28.6% of the Kalamazoo-Portage Metro Area population
- 1.7% of houses and apartments in Kalamazoo-Portage Metro Area, 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.