Property Prices in Kalamazoo, MI, United States

Index Info
Price to Income Ratio: 3.40
Mortgage as Percentage of Income: 31.08%
Loan Affordability Index: 3.22
Price to Rent Ratio - City Centre: 8.72
Price to Rent Ratio - Outside of Centre: 12.29
Gross Rental Yield (City Centre): 11.47%
Gross Rental Yield (Outside of Centre): 8.14%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,200.00 $ 1,200.00-1,200.00
Apartment (1 bedroom) Outside of Centre 717.86 $ 650.00-800.00
Apartment (3 bedrooms) in City Centre 2,500.00 $ 2,000.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,664.29 $ 1,500.00-2,100.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 227.01 $ 154.03-300.00
Price per Square Feet to Buy Apartment Outside of Centre 202.01 $ 154.03-250.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,399.92 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.79 6.19-6.94

These data are based on 55 entries in the past 18 months from 18 different contributors.
Last update: December 2024

Sources and References
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