How much is a home worth in ZIP code 49007?

The typical home in 49007 is worth $124,416, based on the Zillow Home Value Index.

Are home values rising in 49007?

Home values in 49007 are up 8.5% over the past year, and up 6.0% a year over five years.

What is the typical rent in 49007?

A typical home in 49007 rents for about $1,264 a month, a gross rental yield of 12.2%.

What is the property tax rate in 49007?

The effective property tax rate in 49007 is 1.6% — roughly $1,969 a year on a typical home.

ZIP code 49007 has a population of 9,836 and a median household income of $39,344.

HousingHandbookReference data

…

U.S. ZIP Code · MI49007

Kalamazoo County · Kalamazoo-Portage, MI

Typical home value

$124,416^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +8.5%
5-year / yr: +6.0%
10-year / yr: +9.3%

Relative price

vs U.S.: -56.2%
vs metro: -54.8%
vs state: -48.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 49007 is worth $124,416 — 54.8% below the Kalamazoo-Portage, MI median. Over the past year, values have risen 8.5%. Homes here rent for a typical $1,264 a month — a 12.2% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,264^[2]
Gross yield: 12.2%^[2]
Cap rate: 7.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.6%^[3]
Typical annual tax: $1,969^[3]

#Climate risk

FEMA National Risk Index ratings for Kalamazoo County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: No Rating
Heat wave: Relatively Low
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively Moderate

#Who lives here

Population: 9,836^[3]
Median household income: $39,344^[3]

#Migration

Household moves in and out of Kalamazoo County over a year, from IRS tax-return data.

Net migration: -214^[5]
Moved in: 6,513
Moved out: 6,727

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 3
Middle: 0
High: 2

Lincoln International Studies School
Elementary · Grades PK–5 · Kalamazoo Public Schools
273 students
Northglade Montessori School
Elementary · Grades PK–5 · Kalamazoo Public Schools
270 students
Woodward Elementary
Elementary · Grades PK–5 · Kalamazoo Public Schools
233 students
Lets Talk About It Girls Home
High · Grades 6–12 · Kalamazoo Public Schools
0 students
Lets Talk About It Home for Young Men
High · Grades 6–12 · Kalamazoo Public Schools
0 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield12.2%

Net yield (after ~40% expenses)7.3%

Annual rent$15,167

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$629

Loan principal$99,533

Down payment$24,883

Total interest paid$126,948

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.71

Monthly cost to own$897

Monthly rent$1,264

Owning is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 56th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 81st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49007?: The typical home in 49007 is worth $124,416, based on the Zillow Home Value Index.
Are home values rising in 49007?: Home values in 49007 are up 8.5% over the past year, and up 6.0% a year over five years.
What is the typical rent in 49007?: A typical home in 49007 rents for about $1,264 a month, a gross rental yield of 12.2%.
What is the property tax rate in 49007?: The effective property tax rate in 49007 is 1.6% — roughly $1,969 a year on a typical home.
Who lives in 49007?: ZIP code 49007 has a population of 9,836 and a median household income of $39,344.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

49001 vs 49007 →
Kalamazoo, MI
Typical home
$166,016
Gross yield
8.0%
49048 vs 49007 →
Comstock Northwest CDP, MI
Typical home
$198,685
Gross yield
7.9%
49004
Kalamazoo, MI
Typical home
$226,632
Gross yield
6.3%
49006
Kalamazoo, MI
Typical home
$242,469
Gross yield
7.0%
49008
Kalamazoo, MI
Typical home
$248,132
Gross yield
5.9%
49052
MI
Typical home
$254,716
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI49007

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