Market Overview
Home Prices in Kaleva, MI
The median home value in Kaleva, MI is $235,405 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 11.1% compared to a year ago and up 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Kaleva are priced43% below average.
Over the past five years, Kaleva home values have risen by approximately28.5%, reflecting strong long-term appreciation in this market.
Price History
Kaleva Home Price Trend
2020
$155,486
$155K
—
2021
$183,128
$183K
+17.8%
2022
$213,061
$213K
+16.3%
2023
$207,559
$208K
-2.6%
2024
$210,768
$211K
+1.5%
2025
$211,864
$212K
+0.5%
2026
$235,405
$235K
+11.1%
City Comparison
Kaleva vs. National Median
🏠 Kaleva
$235,405
National Median
$410,000
At $235,405, homes in Kaleva cost 43% below the national median of $410,000. This makes Kaleva a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Kaleva?
20% Down Payment
$47,081
on $235,405
Monthly P&I
$1,228/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,560/mo
incl. taxes & insurance
Income Needed
$62,400
gross annual (30% rule)
10% Down Option
$23,541
+ PMI applies
Loan Amount (20% dn)
$188,324
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 Kaleva, MI?
The median home value in Kaleva is $235,405 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 11.1% year-over-year.
How much have home prices changed in Kaleva?
Over the past year, home values in Kaleva have increased by 11.1%. Over five years, prices have risen approximately 28.5%.
How much do I need to earn to buy a home in Kaleva?
To comfortably afford the median home price of $235,405 with a 20% down payment ($47,081) at today's rates (6.8%), you'd need a gross annual income of approximately $62,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Kaleva compare to the national average home price?
The national median home value is approximately $410,000. At $235,405, homes in Kaleva are 43% below the national average.