Kalkaska, MI 49646 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Kalkaska, MI—49646

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$216,000

4.3% YoY Growth

Household Income

$55,200

17.6% YoY Growth

Days on Market

5.0% Longer YoY

Home Price Forecast

1.3%

Median Rent

$650

46.4% YoY Growth

1-Bed Rent

$650

63.9% YoY Growth

2-Bed Rent

$1,120

N/A

3-Bed Rent

N/A

Home Price Trends — Kalkaska, MI

As of May '26, the median home price in Kalkaska, MI is $216,000, with a year-over-year change of -4.3%. This indicates that home prices in Kalkaska, MI are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$216,000	-4.3%
Single Family	$216,000	-3.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Kalkaska, MI

As of July '25, Rentcast reports the average rent in Kalkaska, MI is $884, with a year-over-year rent change of -46.4%. Per bedroom, the median rent as of July '25 in Kalkaska, MI is 1-bedrooms: $650, 2-bedrooms: $1,120. The most common rental property sizes in Kalkaska, MI are 2-bedroom and 1-bedroom, accounting for 40.0% and 32.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$650	$884
Studio Rent	N/A	N/A
1 Bed Rent	$650	$650
2 Bed Rent	$1,120	$1,120
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

6.6%

1 Bedroom

32.4%

2 Bedrooms

40.0%

3 Bedrooms

16.0%

4 Bedrooms

4.9%

Property Listings — Kalkaska, MI

As of May '26, Realtor.com reports that the median days on market for a home in Kalkaska, MI is 39. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$362,000	3.0%
Listing Count	42	18.0%
Listings as % of Homes	0.5%	18.0%
Days on Market	39	5.0%

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Demographics — Kalkaska, MI

As of the latest ACS Survey released in 2023, Kalkaska, MI has a population of 8,570, which has increased by 1.3% over the past 5 years. Kalkaska, MI is a moderately popular place for families, as children make up 18.7% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	8,570	1.3%
% Under 18	18.7%	-14.2%
% Seniors	21.8%	14.7%
% WFH	3.4%	70.0%
% w/ College Degree	14.8%	34.5%

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As of the latest ACS Survey released in 2023, Kalkaska, MI is a predominantly white area, with 91.2% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Kalkaska, MI is hispanic, making up 2.6% of the population. Foreign-born residents account for 1.4% of the population in Kalkaska, MI, and this percentage has decreased by 36.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	91.2%	-2.7%
% Black	0.9%	50.0%
% Hispanic	2.6%	-3.7%
% Asian	0.8%	0.0%
% Foreign Born	1.4%	-36.4%

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Mortgage and Risk — Kalkaska, MI

According to HUD data as of 2023, there were 196 mortgage originations in Kalkaska, MI, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Kalkaska, MI. Investor activity is low, as 1.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	196
% Conventional Loans	72.0%
% Government Loans	28.0%
% Investor Loans	1.0%
% Second Loans	9.0%
% Cash Out Refinance	19.0%

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Rentals and Section 8 — Kalkaska, MI

Kalkaska, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	98
Total Units Section 8	98
% Rentals under Section 8	N/A
% Occupied Section 8	94.8%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$70	$650	$720
2 Bedroom	-$190	$1,120	$930
3 Bedroom	N/A	N/A	$1,260
4 Bedroom	N/A	N/A	$1,270

Kalkaska, MI—49646

Key Metrics at a Glance

Home Price Trends — Kalkaska, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Kalkaska, MI

% of Rental Stock

Property Listings — Kalkaska, MI

Demographics — Kalkaska, MI

Race and Ethnicity

Mortgage and Risk — Kalkaska, MI

Mortgages

Rentals and Section 8 — Kalkaska, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Kalkaska, MI

Home Price to Income Ratio

Kalkaska, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Mancelona, MI

South Boardman, MI

Alden, MI

Fife Lake, MI

Rapid City, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.6
Median Home Price	$216,000
Median Household Income	$55,200

Kalkaska, MI—49646

Key Metrics at a Glance

Home Price Trends — Kalkaska, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Kalkaska, MI

% of Rental Stock

Property Listings — Kalkaska, MI

Demographics — Kalkaska, MI

Race and Ethnicity

Mortgage and Risk — Kalkaska, MI

Mortgages

Rentals and Section 8 — Kalkaska, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Kalkaska, MI

Home Price to Income Ratio

Kalkaska, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Mancelona, MI

South Boardman, MI

Alden, MI

Fife Lake, MI

Rapid City, MI

Frequently Asked Questions

What is the average home price in Kalkaska, MI 49646?

How have home prices in Kalkaska, MI 49646 changed over the past year?

What is the home price projection for Kalkaska, MI 49646?

What are the demographics of Kalkaska, MI 49646?

How long does it take homes to sell in Kalkaska, MI 49646?

What is the average rent price in Kalkaska, MI 49646?