Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$273,812+4.2% YoY · prices are rising fast
Market right nowBalanced, leaning buyersMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$59,357About 0.8× the local median income ($72,071): affordable for a typical household
Days on market43 daysFaster than a year ago: sellers have the edge
Next 12 months+2.3%Zillow expects prices to rise slightly
The typical home in Kalamazoo County, MI is worth $273,812, up 4.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $235,649, so the area is 16.2% overvalued. It is a balanced market, leaning toward buyers: homes take about 43 days to sell, listings are up 32% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $59,357 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,071. Typical rent is $1,287 a month, or $2,021 for a house. In the latest IRS figures, 356 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$273,812
Change in 1 year
+4.2%
Overvalued %
+16.2%
Show 7 more
Fair home value
$235,649
Change in 5 years
+25.2%
Zillow forecast, next 12 months
+2.3%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,484
Income needed to afford it
$59,357
Property tax rate
1.45%
Rent and investing
Typical rent
$1,287
Typical rent for houses
$2,021
Price-to-rent ratio
17.7×
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HUD Fair Market Rent, 2 bedrooms
$1,158
Gross rental yield
5.64%
Cap rate (estimate)
3.67%
Market activity
Listings vs a year ago
+32.0%
Days on market
43
Listings with a price cut
23.6%
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Homes for sale
706
Pending sales per 100 listings
40
Asking price per sq ft
$169
People and jobs
Median household income
$72,071
Population change (1 year)
+0.3%
Unemployment rate
5.5%
Show 4 more
Population
263,795
Income adjusted for cost of living
$76,024
Net moves in (IRS)
−356
Cost of living (US = 100)
94.8
Schools, risk and environment
School rating (1 to 10)
5.8
FEMA hazard risk score (0 to 100)
81.7
Unhealthy air days a year
7
Show 4 more
Flood risk score
83.1
Wildfire risk score
36.6
Walkability (1 to 20)
6.7
Road, rail and air noise
54 dB
Questions people ask
Is Kalamazoo County, MI overvalued?
Home prices in Kalamazoo County, MI are well above what local incomes have historically supported: fair value is about $235,649, so the area is 16.2% overvalued.
Is Kalamazoo County, MI a buyer's or seller's market?
Kalamazoo County, MI is a balanced market, leaning toward buyers: homes take about 43 days to sell, listings are up 32% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Kalamazoo County, MI?
Home values in Kalamazoo County, MI are up 4.2% over the last year. Zillow's forecast for the next 12 months is +2.3%.
How much do you need to earn to buy a home in Kalamazoo County, MI?
A household needs about $59,357 a year to afford the typical home in Kalamazoo County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,071.