Kalkaska, MI


Highest Appreciating Kalkaska Neighborhoods Since 2000

Kalkaska, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Kalkaska Housing Market Information

With 2,038 people, 945 houses or apartments, and a median cost of homes of $113,706, house prices in Kalkaska are solidly below the national average.

Single-family detached homes are the single most common housing type in Kalkaska, accounting for 59.25% of the village's housing units. Other types of housing that are prevalent in Kalkaska include large apartment complexes or high rise apartments ( 25.71%), mobile homes or trailers ( 8.39%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.29%).

People in Kalkaska primarily live in small (one, two or no bedroom) single-family detached homes. Kalkaska has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Kalkaska built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Kalkaska built between 1940-1969 ( 30.36%). A lesser amount of the housing stock also hails from before 1939 ( 12.31%). There's also some housing in Kalkaska built between 2000 and later ( 8.57%).

Vacant housing appears to be an issue in Kalkaska. Fully 13.86% of the housing stock is classified as vacant. Left unchecked, vacant Kalkaska homes and apartments can be a drag on the real estate market, holding Kalkaska real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Kalkaska Home Appreciation Rates

Real estate appreciation rates in Kalkaska's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.70% during the period.

Appreciation rates are so strong in Kalkaska that despite a nationwide downturn in the housing market, Kalkaska real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kalkaska appreciation rates continue to be some of the highest in America, at 6.41%, which is higher than appreciation rates in 77.23% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kalkaska. Kalkaska appreciation rates in the latest quarter were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that Kalkaska's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.

Average Home Values


Median Home Value:


Value Range
> $1,173,000 0.0
$880,001 - $1,173,000 0.8
$586,001 - $880,000 0.4
$469,001 - $586,000 0.2
$352,001 - $469,000 1.5
$235,001 - $352,000 6.3
$117,001 - $235,000 35.3
$59,001 - $117,000 36.6
$0 - $59,000 18.9

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
69.1081682878237 63.6217948717949

Number Of Homes And Apartments:

Kalkaska Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.13% 0.82% 7 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$825 / per month

Homeownership Rate

Owners 40.51
Renters 59.49
Vacant 13.86

Housing Market Details


Age of Homes

2000 or Newer 8.6
1970 - 1999 48.8
1940 - 1969 30.4
1939 or Older 12.3

Types of Homes

Single-Family 59.3
Townhomes 1.4
Small Apt. Buildings 5.3
Apt. Complexes 25.7
Mobile Homes 8.4
Other 0.0

Home Size

No Bedroom 1.91
1 Bedroom 18.78
2 Bedrooms 40.02
3 Bedrooms 28.99
4 Bedrooms 7.84
5 or more bedrooms 2.46

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Zip Codes in Kalkaska, MI