Kalamazoo, MI

Population: 75,548
Average annual home appreciation rate: 0.61%
Total of homes for sale in this market: 750
Median home price: $101,337
Median Rent: $756 per room
Home price range: 37.63% of homes are between $104,001 – $208,000
Median sales price: NO DATA
Number of homes: 494
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 50.03% of homes are Single Family Detached
Number of vacant homes: 12.70%
Number of renters: 57.95%
Number of owner occupied: 42.05%
Number people living below poverty level: 34.27%
Unemployment rate: 5.40%
Is this area perfect for real estate deals going on right now? There are many indicators pointing to the fact that Kalamazoo could very well be a great place to invest in real estate. Just to point out a few: 1. Positive trending home appreciation rate… Working its way to some of the strongest across the country. 2. Multiple vacant/troubled properties available on the market for cash investors. 3. Low overall home prices 4. Higher rental rates There are other factors that one needs to pay attention to…but from these few, the savvy investor can see this market could be a great opportunity.

Leave a Reply

Your email address will not be published. Required fields are marked *