Kalkaska, MI—49646
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kalkaska, MI
As of Oct '25, the median home price in Kalkaska, MI is $200,000, with a year-over-year change of -4.0%. This indicates that home prices in Kalkaska, MI are decreasing. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $200,000 | -4.0% |
| Single Family | $200,000 | -5.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $200,000 | -1.0% |
3 Bed | $258,000 | -0.4% |
4 Bed | $314,000 | 1.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Kalkaska, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Kalkaska, MI is 67. This is a decrease of -2.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $322,000 | -8.0% |
Listing Count | 63 | 27.0% |
| Listings as % of Homes | 0.5% | 27.0% |
Days on Market | 67 | -2.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Kalkaska, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $200,000 |
| Median Household Income | $55,200 |