Market Overview
Home Prices in Kalamazoo, MI
The median home value in Kalamazoo, MI is $245,800 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kalamazoo are priced40% below average. Kalamazoo is part of the Kalamazoo-Portage, MI metro area.
Over the past five years, Kalamazoo home values have risen by approximately28.1%, reflecting strong long-term appreciation in this market.
Price History
Kalamazoo Home Price Trend
City Comparison
Kalamazoo vs. National Median
At $245,800, homes in Kalamazoo cost 40% below the national median of $410,000. This makes Kalamazoo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kalamazoo?
20% Down Payment
$49,160
on $245,800
Monthly P&I
$1,282/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,628/mo
incl. taxes & insurance
Income Needed
$65,120
gross annual (30% rule)
10% Down Option
$24,580
+ PMI applies
Loan Amount (20% dn)
$196,640
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Kalamazoo, MI?
The median home value in Kalamazoo is $245,800 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4% year-over-year.
How much have home prices changed in Kalamazoo?
Over the past year, home values in Kalamazoo have increased by 4%. Over five years, prices have risen approximately 28.1%.
How much do I need to earn to buy a home in Kalamazoo?
To comfortably afford the median home price of $245,800 with a 20% down payment ($49,160) at today's rates (6.8%), you'd need a gross annual income of approximately $65,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Kalamazoo compare to the national average home price?
The national median home value is approximately $410,000. At $245,800, homes in Kalamazoo are 40% below the national average.
What metro area is Kalamazoo part of?
Kalamazoo is part of the Kalamazoo-Portage, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.