How much is a home worth in ZIP code 49048?

The typical home in 49048 is worth $198,685, based on the Zillow Home Value Index.

Are home values rising in 49048?

Home values in 49048 are up 3.6% over the past year, and up 5.7% a year over five years.

What is the typical rent in 49048?

A typical home in 49048 rents for about $1,302 a month, a gross rental yield of 7.9%.

What is the property tax rate in 49048?

The effective property tax rate in 49048 is 1.3% — roughly $2,618 a year on a typical home.

ZIP code 49048 has a population of 22,791 and a median household income of $60,454.

HousingHandbookReference data

…

U.S. ZIP Code · MI49048

Kalamazoo County · Kalamazoo-Portage, MI

Typical home value

$198,685^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.6%
5-year / yr: +5.7%
10-year / yr: +7.6%

Relative price

vs U.S.: -30.1%
vs metro: -27.8%
vs state: -16.9%

Price history

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

The typical home in 49048 is worth $198,685 — 27.8% below the Kalamazoo-Portage, MI median. Over the past year, values have risen 3.6%. Homes here rent for a typical $1,302 a month — a 7.9% 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: $1,302^[2]
Gross yield: 7.9%^[2]
Cap rate: 4.7%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $2,618^[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: 22,791^[3]
Median household income: $60,454^[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: 9
Elementary: 3
Middle: 1
High: 3

Comstock Elementary School
Elementary · Grades K–5 · Comstock Public Schools
621 students
Comstock High School
High · Grades 9–12 · Comstock Public Schools
367 students
Comstock Middle School
Middle · Grades 6–8 · Comstock Public Schools
317 students
Comstock Compass High School
Other · Grades K–12 · Comstock Public Schools
285 students
STEM Academy
Elementary · Grades K–8 · Comstock Public Schools
280 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 yield7.9%

Net yield (after ~40% expenses)4.7%

Annual rent$15,629

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$1,005

Loan principal$158,948

Down payment$39,737

Total interest paid$202,730

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 ratio1.07

Monthly cost to own$1,389

Monthly rent$1,302

Owning and renting are roughly even.

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: 38th percentile^[1]
Rental yield: 63rd percentile^[2]
Property tax: 50th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 49048?: The typical home in 49048 is worth $198,685, based on the Zillow Home Value Index.
Are home values rising in 49048?: Home values in 49048 are up 3.6% over the past year, and up 5.7% a year over five years.
What is the typical rent in 49048?: A typical home in 49048 rents for about $1,302 a month, a gross rental yield of 7.9%.
What is the property tax rate in 49048?: The effective property tax rate in 49048 is 1.3% — roughly $2,618 a year on a typical home.
Who lives in 49048?: ZIP code 49048 has a population of 22,791 and a median household income of $60,454.

#Comparable ZIPs

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

49004 vs 49048 →
Kalamazoo, MI
Typical home
$226,632
Gross yield
6.3%
49001 vs 49048 →
Kalamazoo, MI
Typical home
$166,016
Gross yield
8.0%
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
—
49034
Battle Creek, MI
Typical home
$264,744
Gross yield
—

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#Jump to section

U.S. ZIP Code · MI49048

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