49004, Kalamazoo, MI

The Kalamazoo zip code 49004 has a population of around 97,000 and a median household income of $50,000. The average home value in the 49004 zip code is $142,500. The 49004 zip code has a relatively low unemployment rate of 4.5%.

There are many factors that contribute to the high home values in the Kalamazoo zip code. First and foremost, the area is highly desirable due to its proximity to both Detroit and Lansing. Additionally, there is a large concentration of affluent families in the area, which leads to increased demand for homes. Finally, the market has been buoyed by strong economic growth over recent years, which has led to an increase in home equity values.

Despite these positive factors, there are some challenges facing homeowners in the 49004 zip code. One issue is that prices have risen faster than incomes over recent years, which means that many people are struggling to afford homes on their ownterms. Another challenge is that there is a limited supply of housing available in the area, which means that prices can continue to rise even if incomes don’t grow as quickly as they would otherwise be able to do so.