Kalamazoo County, Michigan Housing Market
In Kalamazoo County, Michigan, the median home value is $241,800, with a median monthly rent of $1,093. This places Kalamazoo County at #960 nationally out of 3134 counties by median home value, and #16 within Michigan.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,304
- Establishments: 6,072
- BLS QCEW, 2025
Housing Supply
- Single-family: 479
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 107,239 (avg $92,155)
- Outflow: 103,521 (avg $93,072)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Kalamazoo County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 49072 | 229.5 | +12.51% | 2025 |
| 2 | 49065 | 227.5 | +2.42% | 2025 |
| 3 | 49088 | 220.1 | +4.54% | 2025 |
| 4 | 49053 | 217.1 | +9.91% | 2025 |
| 5 | 49007 | 230.9 | +11.83% | 2025 |
| 6 | 49097 | 222.2 | +4.44% | 2025 |
| 7 | 49071 | 214.8 | -1.49% | 2025 |
| 8 | 49001 | 227.4 | +4.70% | 2025 |
| 9 | 49048 | 214.4 | +1.47% | 2025 |
| 10 | 49087 | 210.0 | +4.56% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Kalamazoo County Compares
| Metric | Kalamazoo County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $241,800 | $197,292 | $227,706 |
| Median Gross Rent | $1,093 | $905 | $968 |
| Owner Occupancy Rate | 64.5% | 80.2% | 73.3% |
| Price/Rent Ratio | 18.4 | 17.9 | 18.7 |
Market Analysis
The median home value in Kalamazoo County is 22.6% above the Michigan state average and 6.2% above the U.S. national average. The median rent of $1,093/month is 20.8% above the state average.
With a price-to-rent ratio of 18.4, the buy-vs-rent decision in Kalamazoo County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Kalamazoo County has an owner-occupancy rate of 64.5%, compared to 80.2% in Michigan and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Hamilton County | Ohio | $241,900 | $1,075 |
| Hunt County | Texas | $241,700 | $1,222 |
| Catawba County | North Carolina | $241,600 | $965 |
| Lebanon County | Pennsylvania | $242,000 | $1,110 |
| Hughes County | South Dakota | $242,000 | $990 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Macomb County | $243,900 | $1,211 | 75.0% |
| Lapeer County | $239,000 | $988 | 86.0% |
| Monroe County | $228,900 | $1,059 | 81.7% |
| Antrim County | $255,500 | $902 | 86.4% |
| St. Clair County | $224,600 | $1,029 | 80.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).