Kalamazoo - MI housing market
The Kalamazoo metro has a typical home value of $278,194, up 4.4% from a year ago. Homes are moving fast at 10 days on market, a strong seller's market. 32% of listings have had a price cut. Data from Zillow Research, updated monthly.
Kalamazoo housing market, October 2026
The typical Kalamazoo home is worth $278,194 as of August 2026, up 0.3% from the prior month, up 0.6% over three months, and up 4.4% from a year ago. Over the past two years values have ranged from $260,537 to $278,194.
Homes are going pending in about 10 days, slower than the 8 days seen three months earlier. There are roughly 819 homes for sale, 12% more than a year ago. 31.5% of listings have taken a price cut (up from 24.1% three months ago).
Typical rent is $1,280 a month, up 5.5% year over year, which puts the price-to-rent ratio at 18.1.
At this week's 7.40% mortgage rate with 20% down ($55,639), the typical Kalamazoo home costs about $1,889 a month including tax and insurance, which needs a household income of roughly $80,900 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($278,194) is the Zillow Home Value Index for the Kalamazoo - MI metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 4.4% over the past year. In Kalamazoo - MI, that means a home worth $266,469 last year is now worth roughly $278,194.
The median sale price, what homes actually close for, is $269,118. Homes are selling at 98.8% of list price, meaning buyers have room to negotiate.
Homes listed in Kalamazoo - MI sit on the market for roughly 10 days before going pending. Shorter = seller's market; longer = buyer's market.
About 31.5% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 354 new listings hit the market each month in Kalamazoo - MI. There are currently 819 homes for sale, up 12.0% from a year ago.
The typical monthly rent in Kalamazoo - MI is $1,280, up 5.5% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 18.1x, toss-up (#76 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,541 a month in principal and interest, $261 more than renting before taxes, insurance and upkeep. The two break even at a 5.62% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in MI
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Detroit - MI | $267,167 | +2.1% | 12.0d |
| Grand Rapids - MI | $357,283 | +4.9% | 8.0d |
| Lansing - MI | $249,666 | +3.6% | 9.0d |
| Flint - MI | $196,792 | +4.7% | 12.0d |
| Ann Arbor - MI | $416,914 | +2.5% | 13.0d |