Kalamazoo, Michigan is a great place to consider for real estate investment. The median value of housing in this area is $137,400, which is lower than the United States House Median Value of $338,100. Additionally, the one year house appreciation rate in Kalamazoo is 10.54%, which is higher than the US one year house appreciation rate of 8.27%. This indicates that investments made in Kalamazoo can yield greater returns than average investments in other areas.
The median home cost in Kalamazoo (zip 49001) is $137,400. Home appreciation the last 10 years has been 90.4%. Home Appreciation in Kalamazoo (zip 49001) is up 14.9%.
Average Age of Homes
- The median age of Kalamazoo (zip 49001) real estate is 66 years old
The Rental Market in Kalamazoo (zip 49001)
- Renters make up 41.2% of the Kalamazoo (zip 49001) population
- 1.3% of houses and apartments in Kalamazoo (zip 49001), 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.