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Kalamazoo, MI—49006

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$248,000
5.4% YoY Growth
Household Income
$45,600
22.0% YoY Growth
Days on Market
40
12.0% Shorter YoY
Home Price Forecast
0.9%
Median Rent
$1,400
9.7% YoY Growth
1-Bed Rent
$900
13.6% YoY Growth
2-Bed Rent
$1,020
8.8% YoY Growth
3-Bed Rent
$1,190
19.5% YoY Growth

Other Zip Codes in Kalamazoo, MI

49009490014900849007
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Kalamazoo, MI

As of May '26, the median home price in Kalamazoo, MI is $248,000, with a year-over-year change of 5.4%. This indicates that home prices in Kalamazoo, MI are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$248,0005.4%
Single Family $250,0005.9%
Condos $197,0000.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $105,000
    6.1%
    2 Bed
    		$188,0005.6%
    3 Bed
    		$253,0006.3%
    4 Bed
    		$283,0005.2%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    15.6%
    2 Bedrooms
    35.5%
    3 Bedrooms
    30.0%
    4 Bedrooms
    15.2%
    5+ Bedrooms
    2.8%

    Rental Trends — Kalamazoo, MI

    As of July '25, Rentcast reports the average rent in Kalamazoo, MI is $1,580, with a year-over-year rent change of 9.7%. Per bedroom, the median rent as of July '25 in Kalamazoo, MI is studios: $726, 1-bedrooms: $986, 2-bedrooms: $1,050, 3-bedrooms: $1,400, 4-bedrooms: $1,690. The most common rental property sizes in Kalamazoo, MI are 2-bedroom and 1-bedroom, accounting for 46.2% and 21.0% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,400$1,580
    Studio Rent $700$726
    1 Bed Rent $900$986
    2 Bed Rent $1,020$1,050
    3 Bed Rent $1,190$1,400
    4 Bed Rent $1,800$1,690
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    % of Rental Stock

    Studio
    1.5%
    1 Bedroom
    21.0%
    2 Bedrooms
    46.2%
    3 Bedrooms
    16.5%
    4 Bedrooms
    11.8%
    5+ Bedrooms
    3.0%

    Property Listings — Kalamazoo, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Kalamazoo, MI is 40. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$217,000-8.0%
    Listing Count
    		6311.0%
    Listings as % of Homes0.3%11.0%
    Days on Market
    		40-12.0%
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    Demographics — Kalamazoo, MI

    As of the latest ACS Survey released in 2023, Kalamazoo, MI has a population of 25,900, which has decreased by -11.1% over the past 5 years. Kalamazoo, MI is a less popular place for families, as children make up 12.6% of the population. The area has a moderately educated workforce, with 44.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		25,900-11.1%
    % Under 18
    		12.6%1.6%
    % Seniors
    		9.8%12.6%
    % WFH
    		9.6%118.2%
    % w/ College Degree
    		44.4%-5.5%
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    As of the latest ACS Survey released in 2023, Kalamazoo, MI is a predominantly white area, with 64.8% of the population identifying as white. The white population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Kalamazoo, MI is black, making up 14.2% of the population. Foreign-born residents account for 9.1% of the population in Kalamazoo, MI, and this percentage has increased by 30.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		64.8%-6.9%
    % Black
    		14.2%0.0%
    % Hispanic
    		8.7%35.9%
    % Asian
    		4.4%7.3%
    % Foreign Born
    		9.1%30.0%
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    Mortgage and Risk — Kalamazoo, MI

    According to HUD data as of 2023, there were 401 mortgage originations in Kalamazoo, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Kalamazoo, MI. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		401
    % Conventional Loans
    		90.0%
    % Government Loans
    		10.0%
    % Investor Loans
    		5.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		10.0%
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    Rentals and Section 8 — Kalamazoo, MI

    As of 2024, the percent of homes in Kalamazoo, MI under the Section 8 program is 6.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Kalamazoo, MI, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		538
    Total Units Section 8
    		502
    % Rentals under Section 8
    		6.9%
    % Occupied Section 8
    		94.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$0$900$900
    2 Bedroom$50$1,020$1,070
    3 Bedroom$230$1,190$1,420
    4 Bedroom-$290$1,800$1,510

    Affordability — Kalamazoo, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.6
    Median Home Price$248,000
    Median Household Income$45,600

    Kalamazoo, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Kalamazoo, MI

    49008

    Kalamazoo, MI

    49007

    Kalamazoo, MI

    49009

    Kalamazoo, MI

    49001

    Cooper, MI

    49004

    Frequently Asked Questions