How much is a home worth in ZIP code 49037?

The typical home in 49037 is worth $129,804, based on the Zillow Home Value Index.

Are home values rising in 49037?

Home values in 49037 are up 5.2% over the past year, and up 8.1% a year over five years.

What is the typical rent in 49037?

A typical home in 49037 rents for about $1,050 a month, a gross rental yield of 9.7%.

What is the property tax rate in 49037?

The effective property tax rate in 49037 is 1.3% — roughly $1,693 a year on a typical home.

ZIP code 49037 has a population of 20,550 and a median household income of $42,690.

HousingHandbookReference data

…

U.S. ZIP Code · MI49037

Calhoun County · Battle Creek, MI

Typical home value

$129,804^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.2%
5-year / yr: +8.1%
10-year / yr: +10.7%

Relative price

vs U.S.: -54.3%
vs metro: -36.2%
vs state: -45.7%

Price history

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

The typical home in 49037 is worth $129,804 — 36.2% below the Battle Creek, MI median. Over the past year, values have risen 5.2%. Homes here rent for a typical $1,050 a month — a 9.7% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

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

Monthly rent: $1,050^[2]
Gross yield: 9.7%^[2]
Cap rate: 5.8%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $1,693^[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: 20,550^[3]
Median household income: $42,690^[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: 10
Elementary: 6
Middle: 2
High: 2

Endeavor Charter Academy
Elementary · Grades K–8 · Endeavor Charter Academy
681 students
Valley View Elementary School
Elementary · Grades PK–5 · Battle Creek Public Schools
454 students
Springfield Middle School
Middle · Grades 6–8 · Battle Creek Public Schools
395 students
Ann J Kellogg School
Elementary · Grades 3–6 · Battle Creek Public Schools
216 students
Northwestern Middle School
Middle · Grades 6–8 · Battle Creek Public Schools
209 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 yield9.7%

Net yield (after ~40% expenses)5.8%

Annual rent$12,602

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$656

Loan principal$103,843

Down payment$25,961

Total interest paid$132,446

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 ratio0.86

Monthly cost to own$905

Monthly rent$1,050

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: 100th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 64th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49037?: The typical home in 49037 is worth $129,804, based on the Zillow Home Value Index.
Are home values rising in 49037?: Home values in 49037 are up 5.2% over the past year, and up 8.1% a year over five years.
What is the typical rent in 49037?: A typical home in 49037 rents for about $1,050 a month, a gross rental yield of 9.7%.
What is the property tax rate in 49037?: The effective property tax rate in 49037 is 1.3% — roughly $1,693 a year on a typical home.
Who lives in 49037?: ZIP code 49037 has a population of 20,550 and a median household income of $42,690.

#Comparable ZIPs

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

49245 vs 49037 →
Homer, MI
Typical home
$138,307
Gross yield
—
49224 vs 49037 →
Albion, MI
Typical home
$149,010
Gross yield
—
49017
Battle Creek, MI
Typical home
$184,587
Gross yield
6.7%
49092
Tekonsha, MI
Typical home
$187,240
Gross yield
—
49014
Battle Creek, MI
Typical home
$199,467
Gross yield
7.2%
49011
Athens, MI
Typical home
$207,646
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI49037

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