dynamic.RE
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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −29.4% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −1.2% YoY, is the number to watch.
The median listing price is down 29.4% YoY while the median home got down 8.5% bigger, so value per square foot is down 2.6%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $261K purchase rents for $1,349/mo: 0.52% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent).
Sales here take about 32 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Townhouse (rented here, not sold).
Not shown: Manufactured, Multi-Family (no rent per sq ft reported).
U.S. Census ACS characteristics for ZIP 49002 itself, not its parent county.
Renters hold 29.3% of this ZIP's 8,465 occupied households, on a median household income of $74K.
| Measure | ZIP 49002 | Kalamazoo County | Difference |
|---|---|---|---|
| Median Household Income | $74K | $73K | +$1K |
| Below Poverty Level | 7.4% | 12.7% | -5.3% |
| Median Age | 39.60 | 35.00 | +4.60 |
| Total Population | 19,737 | 262,375 | -- |
| Avg Household Size | 2.32 | 2.38 | -0.06 |
| Owner-Occupied | 70.7% | 64.5% | +6.2% |
| Worked From Home | 10.5% | 12.5% | -2.0% |
| Mean Commute | 18.30 | 20.70 | -2.40 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.4% to 262,375: residents under 18 are down 0.6% and those 65 and over are up 2.5%.
County median household income is $73K, 12.7% of residents are below the poverty level, 12.5% work from home.