How much is a home worth in ZIP code 49008?

The typical home in 49008 is worth $248,132, based on the Zillow Home Value Index.

Are home values rising in 49008?

Home values in 49008 are up 4.4% over the past year, and up 5.9% a year over five years.

What is the typical rent in 49008?

A typical home in 49008 rents for about $1,213 a month, a gross rental yield of 5.9%.

What is the property tax rate in 49008?

The effective property tax rate in 49008 is 1.6% — roughly $4,066 a year on a typical home.

ZIP code 49008 has a population of 16,137 and a median household income of $74,943.

HousingHandbookReference data

…

U.S. ZIP Code · MI49008

Kalamazoo County · Kalamazoo-Portage, MI

Typical home value

$248,132^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.4%
5-year / yr: +5.9%
10-year / yr: +6.8%

Relative price

vs U.S.: -12.7%
vs metro: -9.9%
vs state: +3.8%

Price history

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

The typical home in 49008 is worth $248,132 — 9.9% below the Kalamazoo-Portage, MI median. Over the past year, values have risen 4.4%. Homes here rent for a typical $1,213 a month — a 5.9% 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: $1,213^[2]
Gross yield: 5.9%^[2]
Cap rate: 3.5%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $4,066^[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: 16,137^[3]
Median household income: $74,943^[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: 10
Elementary: 4
Middle: 1
High: 4

Maple Street Magnet School for the Arts
Middle · Grades 6–8 · Kalamazoo Public Schools
877 students
Woods Lake ElementaryA Magnet Center For The Arts
Elementary · Grades PK–5 · Kalamazoo Public Schools
512 students
Winchell Elementary School
Elementary · Grades PK–5 · Kalamazoo Public Schools
491 students
Paramount Charter Academy
Elementary · Grades PK–8 · Paramount Charter Academy
370 students
El Sol Elementary
Elementary · Grades K–5 · Kalamazoo Public Schools
358 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 yield5.9%

Net yield (after ~40% expenses)3.5%

Annual rent$14,555

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$1,255

Loan principal$198,506

Down payment$49,626

Total interest paid$253,183

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 ratio1.48

Monthly cost to own$1,801

Monthly rent$1,213

Renting 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: 50th percentile^[1]
Rental yield: 13th percentile^[2]
Property tax: 94th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49008?: The typical home in 49008 is worth $248,132, based on the Zillow Home Value Index.
Are home values rising in 49008?: Home values in 49008 are up 4.4% over the past year, and up 5.9% a year over five years.
What is the typical rent in 49008?: A typical home in 49008 rents for about $1,213 a month, a gross rental yield of 5.9%.
What is the property tax rate in 49008?: The effective property tax rate in 49008 is 1.6% — roughly $4,066 a year on a typical home.
Who lives in 49008?: ZIP code 49008 has a population of 16,137 and a median household income of $74,943.

#Comparable ZIPs

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

49006 vs 49008 →
Kalamazoo, MI
Typical home
$242,469
Gross yield
7.0%
49052 vs 49008 →
MI
Typical home
$254,716
Gross yield
—
49034
Battle Creek, MI
Typical home
$264,744
Gross yield
—
49004
Kalamazoo, MI
Typical home
$226,632
Gross yield
6.3%
49002
Portage, MI
Typical home
$275,307
Gross yield
8.8%
49097
Vicksburg, MI
Typical home
$280,579
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI49008

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