Kalamazoo, MI, located in the 49004 zip code, has a median housing value of $185,800. This is significantly lower than the US median housing value of $338,100. However, Kalamazoo has experienced an impressive 1 year house appreciation rate of 10.54%, which is higher than the US average 1 year appreciation rate of 8.27%. Thus, despite its lower overall median house value compared to other areas in the United States, Kalamazoo offers a great opportunity for potential homeowners who are looking to invest in real estate as the market continues to appreciate.
The median home cost in Kalamazoo (zip 49004) is $185,800. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Kalamazoo (zip 49004) is up 14.9%.
Average Age of Homes
- The median age of Kalamazoo (zip 49004) real estate is 51 years old
The Rental Market in Kalamazoo (zip 49004)
- Renters make up 18.7% of the Kalamazoo (zip 49004) population
- 0.8% of houses and apartments in Kalamazoo (zip 49004), 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.