Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$225,055+0.2% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 22% have cut their price
Income needed to buy, per year$48,787About 0.7× the local median income ($71,627): affordable for a typical household
Days on market66 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.6%Zillow expects prices to rise slightly
The typical home in Kalkaska County, MI is worth $225,055, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $219,251, so the area is 2.6% overvalued. It is a buyer's market: homes take about 66 days to sell, listings are up 10% from a year ago, 22% of listings have had a price cut. Zillow expects prices to rise about 3.6% over the next year. A household needs about $48,787 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 $71,627. In the latest IRS figures, 197 more people moved in than out.
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
$225,055
Change in 1 year
+0.2%
Overvalued %
+2.6%
Show 7 more
Fair home value
$219,251
Change in 5 years
+15.4%
Zillow forecast, next 12 months
+3.6%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$1,220
Income needed to afford it
$48,787
Property tax rate
0.87%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,014
Market activity
Listings vs a year ago
+9.9%
Days on market
66
Listings with a price cut
22.1%
Show 3 more
Homes for sale
100
Pending sales per 100 listings
24
Asking price per sq ft
$224
People and jobs
Median household income
$71,627
Population change (1 year)
+0.3%
Unemployment rate
3.9%
Show 4 more
Population
18,693
Income adjusted for cost of living
$76,688
Net moves in (IRS)
+197
Cost of living (US = 100)
93.4
Schools, risk and environment
School rating (1 to 10)
5.0
FEMA hazard risk score (0 to 100)
21.3
Flood risk score
31.4
Show 3 more
Wildfire risk score
55.0
Walkability (1 to 20)
5.0
Road, rail and air noise
54 dB
Questions people ask
Is Kalkaska County, MI overvalued?
Home prices in Kalkaska County, MI are slightly above what local incomes have historically supported: fair value is about $219,251, so the area is 2.6% overvalued.
Is Kalkaska County, MI a buyer's or seller's market?
Kalkaska County, MI is a buyer's market: homes take about 66 days to sell, listings are up 10% from a year ago, 22% of listings have had a price cut.
Are home prices going down in Kalkaska County, MI?
Home values in Kalkaska County, MI are up 0.2% over the last year. Zillow's forecast for the next 12 months is +3.6%.
How much do you need to earn to buy a home in Kalkaska County, MI?
A household needs about $48,787 a year to afford the typical home in Kalkaska County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,627.