How much is a home worth in ZIP code 49015?

The typical home in 49015 is worth $209,801, based on the Zillow Home Value Index.

Are home values rising in 49015?

Home values in 49015 are up 5.9% over the past year, and up 6.8% a year over five years.

What is the typical rent in 49015?

A typical home in 49015 rents for about $1,341 a month, a gross rental yield of 7.7%.

What is the property tax rate in 49015?

The effective property tax rate in 49015 is 1.7% — roughly $3,598 a year on a typical home.

ZIP code 49015 has a population of 27,765 and a median household income of $68,821.

HousingHandbookReference data

…

U.S. ZIP Code · MI49015

Calhoun County · Battle Creek, MI

Typical home value

$209,801^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.9%
5-year / yr: +6.8%
10-year / yr: +7.4%

Relative price

vs U.S.: -26.1%
vs metro: +3.1%
vs state: -12.3%

Price history

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

The typical home in 49015 is worth $209,801 — 3.1% above the Battle Creek, MI median. Over the past year, values have risen 5.9%. Homes here rent for a typical $1,341 a month — a 7.7% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent: $1,341^[2]
Gross yield: 7.7%^[2]
Cap rate: 4.6%^[2]

#Property tax

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

Effective tax rate: 1.7%^[3]
Typical annual tax: $3,598^[3]

#Climate risk

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

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

#Who lives here

Population: 27,765^[3]
Median household income: $68,821^[3]

#Migration

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

Net migration: +74^[5]
Moved in: 2,966
Moved out: 2,892

Schools

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

Public schools: 9
Elementary: 6
Middle: 1
High: 2

Lakeview High School
High · Grades 9–12 · Lakeview Sch. District (Calhoun)
1,239 students
Lakeview Middle School
Middle · Grades 5–8 · Lakeview Sch. District (Calhoun)
1,129 students
Minges Brook School
Elementary · Grades PK–4 · Lakeview Sch. District (Calhoun)
388 students
Sonoma Elementary
Elementary · Grades K–4 · Harper Creek Community Schools
383 students
Westlake Elementary School
Elementary · Grades K–4 · Lakeview Sch. District (Calhoun)
356 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 yield7.7%

Net yield (after ~40% expenses)4.6%

Annual rent$16,091

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$1,061

Loan principal$167,841

Down payment$41,960

Total interest paid$214,072

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 ratio1.15

Monthly cost to own$1,536

Monthly rent$1,341

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: 82nd percentile^[1]
Rental yield: 67th percentile^[2]
Property tax: 100th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49015?: The typical home in 49015 is worth $209,801, based on the Zillow Home Value Index.
Are home values rising in 49015?: Home values in 49015 are up 5.9% over the past year, and up 6.8% a year over five years.
What is the typical rent in 49015?: A typical home in 49015 rents for about $1,341 a month, a gross rental yield of 7.7%.
What is the property tax rate in 49015?: The effective property tax rate in 49015 is 1.7% — roughly $3,598 a year on a typical home.
Who lives in 49015?: ZIP code 49015 has a population of 27,765 and a median household income of $68,821.

#Comparable ZIPs

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

49011 vs 49015 →
Athens, MI
Typical home
$207,646
Gross yield
—
49014 vs 49015 →
Battle Creek, MI
Typical home
$199,467
Gross yield
7.2%
49029
Burlington, MI
Typical home
$225,615
Gross yield
—
49092
Tekonsha, MI
Typical home
$187,240
Gross yield
—
49017
Battle Creek, MI
Typical home
$184,587
Gross yield
6.7%
49068
Marshall, MI
Typical home
$241,668
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI49015

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