Kalamazoo-Portage, MI · Michigan
Kalamazoo County
ZIP 49097
261,437 residents438 permits TTM$70,525 median HHI18 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$227,500
ACS 5-Year
Cap rate proxy
5.5%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.8%
HUD FMR ÷ ACS HHI
Net migration
+1.51%
IRS SOI
Permits (TTM)
438
Census BPS
Climate risk
81.7
FEMA NRI (0–100)
ZIP 49097
Median home value
—
Gross yield
—
Cap rate
4.6%
Rent gap
—
Affordability
P/I: 3.9R/I: —
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown18 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 49048 | — | — | — | 8.5% | — |
| 49002 | — | — | — | 9.4% | — |
| 49004 | — | — | — | 6.4% | — |
| 49001 | — | — | — | 8.4% | — |
| 49074 | — | — | — | 5.5% | — |
Ranked by composite score
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Demographics
Owner-occupied
64.0%
Census ACS
Vacancy rate
7.2%
Census ACS
Bachelor's degree +
40.8%
Census ACS
Rent burdened
47.0%
Census ACS (>30% income)
Median age
34.9
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026