Metro area index
Home appreciation in the Kalamazoo-Portage, MI metro area
FHFA HPI® data shows the Kalamazoo-Portage, MI metro area's all-transactions index changed +0.7% over the year to Q2 2026, versus +4.6% for Michigan and +3.0% for the U.S. That ranks 338th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +0.7%
- 5-year change
- +41.5%
- Since Q1 1995
- +216%
- Metro rank (1 year)
- 338th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Kalamazoo-Portage, MI vs Michigan and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Kalamazoo-Portage, MI: 315.6
- Michigan: 328.0
- United States: 391.6
Appreciation by time window
| Window | Metro | MI | U.S. | Gap vs MI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +0.7% | +4.6% | +3.0% | −3.9 pts | −2.4 pts |
| 3 years | +12.7% | +18.0% | +12.9% | −5.3 pts | −0.2 pts |
| 5 years | +41.5% | +45.6% | +41.3% | −4.1 pts | +0.3 pts |
| 10 years | +95.8% | +104% | +93.3% | −7.7 pts | +2.5 pts |
| Since Q1 1995 | +216% | +228% | +292% | −12.4 pts | −75.9 pts |
3-digit ZIP regions in the Kalamazoo-Portage, MI area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 490 · Kalamazoo, MI area | MI | +2.8% | +45.8% | +240% | 34% |
Boom, bust, and recovery in Kalamazoo-Portage, MI area
Kalamazoo-Portage, MI area's index peaked in Q1 2006, fell 15.6% to its low in Q2 2012, and regained its peak in Q3 2016, about 10.5 years after the top. Today it sits +93.7% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2006 | Q2 2012 | -15.6% | Q3 2016 (10.5 yrs) | +93.7% |
| MI | Q3 2005 | Q2 2011 | -29.4% | Q2 2018 (12.8 yrs) | +83.3% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Kalamazoo-Portage, MI area's index has changed +42.6% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | MI after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -3.1% | +0.7% | -0.8% |
| 3 years | +9.8% | +2.6% | +7.4% | +2.8% |
| 5 years | +24.0% | +14.1% | +17.4% | +13.9% |
| 10 years | +39.1% | +40.8% | +46.3% | +39.0% |
| Since Q1 1995 | +121% | +42.6% | +48.1% | +76.8% |
If you bought in the Kalamazoo-Portage, MI area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +210% | $931,337 |
| Q2 2000 | +143% | $728,601 |
| Q2 2005 | +97.1% | $591,215 |
| Q2 2010 | +123% | $667,859 |
| Q2 2015 | +106% | $617,510 |
| Q2 2020 | +59.5% | $478,638 |
| Q2 2021 | +41.5% | $424,614 |
| Q2 2023 | +12.7% | $337,958 |
| Q2 2025 | +0.7% | $301,971 |
Frequently asked questions
- How much have home prices risen in the Kalamazoo-Portage, MI area?
- FHFA HPI® data for the Kalamazoo-Portage, MI metro area shows changes of +0.7% over one year, +41.5% over five years, and +95.8% over ten years to Q2 2026, and +216% since Q1 1995.
- Is the Kalamazoo-Portage, MI area beating the national average?
- Over the past year the metro's index moved −2.4 pts versus the U.S.; over five years the gap is +0.3 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.