49048 Home Prices & Values

$69,700 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • -4.0% 1-year change
  • -1.4% 1-year forecast

The median home value in 49048 is $69,700. 49048 home values have declined -4.0% over the past year and Zillow predicts they will fall -1.4% within the next year. The median list price per square foot in 49048 is $72, which is lower than the Kalamazoo Metro average of $108. The median price of homes currently listed in 49048 is $83,500 while the median price of homes that sold is $100,510. The median rent price in 49048 is $775, which is lower than the Kalamazoo Metro median of $900.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 49048 is 4.3%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 49048 homeowners underwater on their mortgage is 27.3%, which is higher than Kalamazoo Metro at 20.6%.

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Relative ZHVI
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49048 Market Overview

Data through May 31, 2014
  • $69,700 ZHVI
  • -1.4% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $83,500 Median listing price
  • No recent data Median sale price
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49048 Market Health

Data through May 31, 2014
  • 0.8/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 27.3% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 4.3% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
49083 $179,000 49088 $151,100 49002 $123,900
49053 $121,000 49008 $111,700 49006 $102,400
49004 $92,100 49001 $63,400 49007 $53,300

Listings & Sales

Data through May 31, 2014
  • $72 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 29.6% Listings with price cut
28.3%
Sold below listing
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49048 Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$888 49048
$999 Kalamazoo Metro
$1,310 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $775 Rent list price
  • No recent data Rent list price / sq ft
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