How much is a home worth in ZIP code 49024?

The typical home in 49024 is worth $311,453, based on the Zillow Home Value Index.

Are home values rising in 49024?

Home values in 49024 are up 5.3% over the past year, and up 5.4% a year over five years.

What is the typical rent in 49024?

A typical home in 49024 rents for about $1,661 a month, a gross rental yield of 6.4%.

What is the property tax rate in 49024?

The effective property tax rate in 49024 is 1.6% — roughly $5,056 a year on a typical home.

ZIP code 49024 has a population of 30,823 and a median household income of $91,105.

HousingHandbookReference data

…

U.S. ZIP Code · MI49024

Kalamazoo County · Kalamazoo-Portage, MI

Typical home value

$311,453^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.3%
5-year / yr: +5.4%
10-year / yr: +6.1%

Relative price

vs U.S.: +9.6%
vs metro: +13.1%
vs state: +30.3%

Price history

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

The typical home in 49024 is worth $311,453 — 13.1% above the Kalamazoo-Portage, MI median. Over the past year, values have risen 5.3%. Homes here rent for a typical $1,661 a month — a 6.4% 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: $1,661^[2]
Gross yield: 6.4%^[2]
Cap rate: 3.8%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $5,056^[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: 30,823^[3]
Median household income: $91,105^[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: 11
Elementary: 7
Middle: 2
High: 2

Portage Northern High School
High · Grades 9–12 · Portage Public Schools
1,218 students
Portage West Middle School
Middle · Grades 6–8 · Portage Public Schools
694 students
Moorsbridge Elementary School
Elementary · Grades PK–5 · Portage Public Schools
591 students
12th Street Elementary
Elementary · Grades PK–5 · Portage Public Schools
574 students
Portage North Middle School
Middle · Grades 6–8 · Portage Public Schools
547 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 yield6.4%

Net yield (after ~40% expenses)3.8%

Annual rent$19,934

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$1,575

Loan principal$249,162

Down payment$62,291

Total interest paid$317,793

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 ratio1.36

Monthly cost to own$2,255

Monthly rent$1,661

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: 19th percentile^[1]
Rental yield: 38th percentile^[2]
Property tax: 88th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49024?: The typical home in 49024 is worth $311,453, based on the Zillow Home Value Index.
Are home values rising in 49024?: Home values in 49024 are up 5.3% over the past year, and up 5.4% a year over five years.
What is the typical rent in 49024?: A typical home in 49024 rents for about $1,661 a month, a gross rental yield of 6.4%.
What is the property tax rate in 49024?: The effective property tax rate in 49024 is 1.6% — roughly $5,056 a year on a typical home.
Who lives in 49024?: ZIP code 49024 has a population of 30,823 and a median household income of $91,105.

#Comparable ZIPs

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

49088 vs 49024 →
Scotts CDP, MI
Typical home
$327,107
Gross yield
—
49053 vs 49024 →
Galesburg, MI
Typical home
$287,807
Gross yield
—
49012
Augusta, MI
Typical home
$337,821
Gross yield
—
49097
Vicksburg, MI
Typical home
$280,579
Gross yield
—
49002
Portage, MI
Typical home
$275,307
Gross yield
8.8%
49087
Schoolcraft, MI
Typical home
$349,650
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI49024

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