How expensive is it to buy a home in Kalamazoo?
Despite being a small town in Michigan, Kalamazoo is one of the most well-rounded towns in the United States. This means it’s perfect for raising kids but also has everything you may need to have a wholesome college experience.
This is one of the main reasons why people are flocking to buy property in Kalamazoo. However, there are a few things to keep in mind when looking at houses for sale in Kalamazoo. This includes the state of the place along with the area the home is in.
Interested in making the move to Kalamazoo? You’re in the right place. Here’s everything you need to know about how much it costs to buy a home in Kalamazoo.
Why Buy a Home in Kalamazoo?
Kalamazoo has a lot to offer. From tons of outdoor activities to peaceful neighborhoods to raise a family, it’s the best of both worlds. Thinking about making the move? Here are a few reasons why you won’t regret moving to Kalamazoo.
Kalamazoo is definitely on the rise. With new businesses popping up all over the show, the job opportunities are endless. In addition to this, Kalamazoo is open for freelancers and remote workers. With everything you will ever need nearby, it can be the perfect place to work.
There is also plenty of opportunities for entrepreneurs and business owners that wish to expand into the county. With suppliers and manufacturers nearby, Kalamazoo is open for business!
Restaurants on Every Corner
If you have a sweet tooth or a craving for five-star food, Kalamazoo is the place to be. While many people think you have to go to New York City or California to experience great food, they have clearly not been to Kalamazoo.
With cafes and restaurants on almost every street, residents are spoilt for choice. In addition to this, you won’t need to stand in long lines or book months in advance. In Kalamazoo, convenience is included at no extra charge!
Vibrant Night Life
There are six different colleges in Kalamazoo. This has led to the county having a large youth population. While you may expect every city to have a few bars, Kalamazoo has tons of outdoor wineries, breweries, and cocktail bars.
This makes it the perfect place for both the young and wise to relax after a long week at work.
Perfect to Raise a Family
In addition to having great universities and colleges, Kalamazoo has brilliant public and private schools. The city also has well-kept parks and even a zoo. This means you will always have something to do with your little ones.
If you’re more of an outdoors person, Kalamazoo is perfect for you. While there are massive parks and nature reserves around Kalamazoo, there are also a few unique hiking trails and land preserves that are perfect for weekend exploring.
What’s the Average Cost of a House in Kalamazoo?
When it comes to looking for a property in Kalamazoo, it’s important to decide on a budget. With so many different options on the market, it can be difficult to pick the right place. Homes in Kalamazoo can range from $60,000 all the way to over $1 million.
While different kinds of property come in at drastically different price points, the average family home in Kalamazoo is around $217,000.
The Kalamazoo Housing Market
As stated above, the average family home in Kalamazoo is around $217,000. While this is close to the national average, property prices have steadily been on the rise in Kalamazoo. In the last year alone, the average property price throughout the county has gone up around 14%.
If you take a look at the property prices over the last five years, single-family homes used to cost between $110,000 to $115,000 on average. This is almost half of what you would have to pay for the same home today. The property market in Kalamazoo is also showing no signs of slowing down, making it a great time to invest.
Different Options for Housing in Kalamazoo
While Kalamazoo is a small town, there are quite a few different housing options available. Whether you are looking to rent or buy, Kalamazoo has it all. Here’s a quick breakdown of the different options.
There are a number of different apartment buildings and condos in Kalamazoo. These are perfect for students and individuals that would prefer to rent. Since Kalamazoo has a few colleges, you can invest in property specifically to rent to students.
One-bedroom apartments range from around $50,000 to $100,000. However, rent can range from $500 to $700 per month. This makes it an ideal investment property.
When it comes to single-family homes, the price can range quite a bit depending on the area you choose. One-bedroom homes can be as low as $50,000 while three-bedroom properties can reach $800,000.
This is why it’s beneficial to take your time and find the right neighborhood you want to move to. Many experts even suggest renting in the area before you make your final decision. In this way, you can get a good idea of what life is like living there.
Buying a home is a massive investment. For many of us, it’s the largest single investment we will ever make. Because of this, it’s best to take your time so that you’re sure you made the right decision for you and your family.
The Best Neighborhoods in Kalamazoo
As mentioned above, the different neighborhoods in Kalamazoo come with drastically different property prices. Here are a few of the most popular suburbs along with how much you can expect to pay for a single-family home there.
The suburb of Vine is south of the central business district but above Southside. This area is far below the county average, with homes ranging from $120,000 to $200,000. This area of Kalamazoo is close to the Kleinstuck Reserve, Upjohn Playground, and Bronson Park. This makes it perfect for those who don’t want to live too far from the city center.
Westnedge Hill is further south, stretching from Crane Park to Blance Hull Park. Homes in this area are slightly more on the expensive side with family homes ranging from $300,000 to over $800,000. However, within this suburb, properties closest to the parks are the highest. These homes come with beautiful views and are generally much larger as well.
If you love nature, you’ll want to stay in Oakland. This neighborhood is west of the Kleinstuck Reserve but has multiple schools, parks, and restaurants to enjoy. This area comes with some of the highest price tags in the county, with some homes even reaching $800,000.
West Main Hill
The suburb of West Main Hill is best known for Western Michigan University. Having the university nearby has made this entire area a student village. This makes it the perfect area for those wishing to invest in real estate.
Prices are still not cheap, with homes costing north of $200,000. However, if you’re looking for an apartment or condo, you can get one for well under $150,000.
For those who want to live further away from the city, the suburb of Eastwood is just for you. This neighborhood is just a 5-minute drive from the city center but has a few local shops and restaurants as well.
Single-family homes in this area are more affordable, with most homes selling for around $100,000 to $180,000. This area is also surrounded by nature. Spring Valley Park is across the highway, with more restaurants and businesses nearby as well.
This makes Eastwood the perfect place to settle down and raise a family.
Another affordable neighborhood in Kalamazoo is Northside. This area is north of the city center, with property prices ranging from $80,000 to $180,000. This neighborhood is close to both Verburg Park and Bronson Park in the city.
If you love living in a bustling city, this is the place to be.
Found a Few Houses for Sale in Kalamazoo?
From wineries to outdoor activities, excellent schools, and universities, Kalamazoo has everything you may ever need.
Looking up houses for sale in Kalamazoo? You’re not alone. Thousands of people from all around the country have noticed the benefits of living in Kalamazoo and are making the move as well.
Looking for professional movers to help you make the move to Kalamazoo? Big Lake Movers is here for you. If you have any questions or want to chat about how we can help make your move as easy as possible, feel free to contact us today!