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Kalamazoo, MI
Home price forecast (1 year):* -2.4%
Is this a good time to buy a home in Kalamazoo?
Population:
(2006)
319,738
Median family income:
(2008)
$60,600
Median home price:
(2009)
N/A
Affordability index:
(Median home price/family income 2009)
N/A
Prices peaked in: 2007:Q3
Total climb during the boom:
(2000 to peak)
29.5%
Total decline so far:
(Peak through 2009)
-5.1%
One-year change:
(Q4 2008 to Q4 2009)
-1.3%
Additional price change to bottom: -2.7%
When they'll hit bottom: 2011:Q3
*(Q1 2010 - Q1 2011)
† Data is for Kalamazoo-Portage, MI Metropolitan Statistical Area
Notes:
Median home prices are for single-family homes through the third quarter of 2009, the most recent data available, and include sales of bank-owned properties.
Sources: Fiserv and Moody's Economy.com
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