Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$274,078+4.4% 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$59,414About 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-Portage, MI is worth $274,078, up 4.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $239,093, so the area is 14.6% 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 $59,414 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
$274,078
Change in 1 year
+4.4%
Overvalued %
+14.6%
Show 7 more
Fair home value
$239,093
Change in 5 years
+24.2%
Zillow forecast, next 12 months
+2.3%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,485
Income needed to afford it
$59,414
Property tax rate
1.45%
Rent and investing
Typical rent
$1,287
Typical rent for houses
$2,021
Price-to-rent ratio
17.7×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,158
Gross rental yield
5.64%
Cap rate (estimate)
3.66%
Market activity
Listings vs a year ago
+31.8%
Days on market
43
Listings with a price cut
23.5%
Show 3 more
Homes for sale
708
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-Portage, MI overvalued?
Home prices in Kalamazoo-Portage, MI are well above what local incomes have historically supported: fair value is about $239,093, so the area is 14.6% overvalued.
Is Kalamazoo-Portage, MI a buyer's or seller's market?
Kalamazoo-Portage, 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-Portage, MI?
Home values in Kalamazoo-Portage, MI are up 4.4% 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-Portage, MI?
A household needs about $59,414 a year to afford the typical home in Kalamazoo-Portage, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,071.