Bankruptcy Homes in Kalamazoo, MI

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Home Value Estimator For Kalamazoo, MI

There are currently 46,087 real estate properties in Kalamazoo, MI, with a median automated valuation model (AVM) price of $218,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Kalamazoo, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Kalamazoo, MI, is $254,257.00, with the most expensive house in Kalamazoo, MI, topping out at $5,810,200.00 and the cheapest home in Kalamazoo, MI, clocking in at $11,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Kalamazoo, MI!

Rent Prices In Kalamazoo, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Kalamazoo, MI, is on a rollercoaster ride. The average rent price in Kalamazoo, MI, is $1,321.00. Indeed, when looking to rent in Kalamazoo, MI, you can expect to pay as little as $470.00 or as much as $3,280.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Kalamazoo, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Kalamazoo, MI In 2024

Kalamazoo is located in Kalamazoo, Michigan, with an estimated municipal population of 76,200 residents. All of the best foreclosed homes for sale in Kalamazoo are located in the following zip code areas on 49001 49006 49007 49008 49074 49005 49019. The estimated population per square kilometer (.62 miles) in Kalamazoo is 1,192.

Cost Of Living In Kalamazoo, MI

So, about how much do homes cost in Kalamazoo? The most recent median value of resident-owned homes in Kalamazoo is 105,564. An estimated 44.2 percent of households in Kalamazoo own their homes, with an average family size of 3.12. The median household income in Kalamazoo is 41,774, with13.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Kalamazoo, the median commute time of resident workers (in minutes) is 18. And last, but certainly not least, are you looking for homes to rent in Kalamazoo? If so, the average rent price paid by renters in Kalamazoo is 795, according to recent statistics.

Diversity And Demographics In Kalamazoo, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Kalamazoo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Kalamazoo is 26.5, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Kalamazoo is 26.3, with an average family size of 3.12.

The percentage of residents who report their race in Kalamazoo is as follows:

White 68.2%
Black / African American 22.2%
Asian 2.1%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 6.6%
Other 0.7%

Looking for family-friendly neighborhoods in and/or near Kalamazoo? Or maybe you are searching for 55+ active adult communities in and/or near Kalamazoo?

The percentage of residents who report their age in Kalamazoo is as follows:

Under 10 10.6%
Aged 10-19 14.8%
20s 30.9%
30s 10.8%
40s 9.2%
50s 8.7%
60s 8.1%
70s 3.9%
80+ 3.1%

Best Schools In Kalamazoo, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Kalamazoo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Kalamazoo.

Pros And Cons Of Living In Kalamazoo, Michigan

How do you know that living in -- or moving to -- Kalamazoo is right where you need to be? Perhaps you grew up in Kalamazoo or already live nearby; therefore, the decision to buy a home in Kalamazoo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Kalamazoo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Kalamazoo:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Kalamazoo.

Reasons To Move To Kalamazoo, Michigan, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Kalamazoo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Kalamazoo, meanwhile, can field multiple offers from more qualified buyers.

Kalamazoo, MI Bankruptcy Homes


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