3-digit ZIP regional index
Home appreciation in ZIP codes 490xxKalamazoo, MI area
FHFA HPI® data shows the regional home price index for ZIP codes beginning with 490 changed +2.8% over the year to Q2 2026, compared with +4.6% for Michigan and +3.0% for the United States.
The region covers ZIP codes 49001–49099. Most of its 2010 population lived in Kalamazoo County (34%), Calhoun County (16%), Van Buren County (10%). Communities in the region include Battle Creek, Portage, Sturgis, Coldwater, Benton Harbor. This is a regional index, not a ZIP5, street, or individual-home estimate.
- 1-year change
- +2.8%
- 5-year change
- +45.8%
- Since Q1 1995
- +240%
- National rank (1 year)
- 589th
Year to Q2 2026
vs U.S. +41.3%
vs U.S. +292%
of 882 ZIP3 regions
ZIP3 490 vs Michigan and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- ZIP3 490: 340.0
- Michigan: 328.0
- Kalamazoo-Portage, MI metro: 315.6
- United States: 391.6
Want a different starting year? Rebase this chart or compare with another ZIP3.
Appreciation by time window
| Window | ZIP3 490 | MI | U.S. | Gap vs MI | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.8% | +4.6% | +3.0% | −1.8 pts | −0.3 pts |
| 3 years | +16.3% | +18.0% | +12.9% | −1.6 pts | +3.5 pts |
| 5 years | +45.8% | +45.6% | +41.3% | +0.2 pts | +4.5 pts |
| 10 years | +102% | +104% | +93.3% | −1.7 pts | +8.5 pts |
| Since Q1 1995 | +240% | +228% | +292% | +11.9 pts | −51.6 pts |
If you bought in ZIP3 490 in…
Applying the regional index change from the same quarter of each year to Q2 2026 to an example $300,000 purchase price. Individual homes can differ widely from the regional average.
| Bought in | Index change | $300,000 then, at the regional rate |
|---|---|---|
| Q2 1995 | +234% | $1,001,060 |
| Q2 2000 | +151% | $753,124 |
| Q2 2005 | +100% | $601,380 |
| Q2 2010 | +125% | $673,944 |
| Q2 2015 | +111% | $634,017 |
| Q2 2020 | +65.1% | $495,400 |
| Q2 2021 | +45.8% | $437,304 |
| Q2 2023 | +16.3% | $349,035 |
| Q2 2025 | +2.8% | $308,344 |
How ZIP3 490 ranks
Over the past year ZIP3 490 ranks 589th of 882 3-digit ZIP regions nationally and 19th of 20 in Michigan. Its one-year change is −0.3 pts versus the nation and −1.8 pts versus Michigan. Rank 1 is the strongest appreciation.
| Window | National rank | Rank in Michigan |
|---|---|---|
| 1 year | 589th of 882 | 19th of 20 |
| 3 years | 381st of 882 | 17th of 20 |
| 5 years | 392nd of 882 | 12th of 20 |
| 10 years | 287th of 882 | 13th of 20 |
| Since Q1 1995 | 570th of 879 | 9th of 20 |
Boom, bust, and recovery in ZIP3 490
ZIP3 490's index peaked in Q1 2007, fell 16.4% to its low in Q2 2012, and regained its peak in Q2 2017, about 10.2 years after the top. Today it sits +95.2% 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 |
|---|---|---|---|---|---|
| ZIP3 490 | Q1 2007 | Q2 2012 | -16.4% | Q2 2017 (10.2 yrs) | +95.2% |
| MI | Q3 2005 | Q2 2011 | -29.4% | Q2 2018 (12.8 yrs) | +83.3% |
| Metro | Q1 2006 | Q2 2012 | -15.6% | Q3 2016 (10.5 yrs) | +93.7% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, ZIP3 490's index has changed +53.5% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | ZIP3 490 after inflation | MI after inflation | Metro after inflation | U.S. after inflation |
|---|---|---|---|---|---|
| 1 year | +3.9% | -1.0% | +0.7% | -3.1% | -0.8% |
| 3 years | +9.8% | +6.0% | +7.4% | +2.6% | +2.8% |
| 5 years | +24.0% | +17.5% | +17.4% | +14.1% | +13.9% |
| 10 years | +39.1% | +45.1% | +46.3% | +40.8% | +39.0% |
| Since Q1 1995 | +121% | +53.5% | +48.1% | +42.6% | +76.8% |
Estimate appreciation for a home in ZIP3 490
Regional estimate
$605,522
- Estimated gain
- $305,522
- Index change
- +102%
- Start index
- 168.43
- End index
- 339.96
ZIP3 490 (Kalamazoo, MI area), Q2 2016 to Q2 2026. Index type: Native 3-Digit ZIP index.
Nearby 3-digit ZIP regions
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 |
|---|---|---|---|---|
| 491 · Niles, MI area | MI | +7.3% | +51.6% | +273% |
| 495 · Grand Rapids, MI area | MI | +3.6% | +48.4% | +314% |
| 466 · South Bend, IN area | IN | +6.3% | +55.9% | +240% |
| 465 · Elkhart, IN area | IN | +6.4% | +49.4% | +235% |
| 489 · Lansing, MI area | MI | -2.3% | +33.6% | +165% |
| 493 · Big Rapids, MI area | MI | +5.3% | +51.1% | +275% |
Recent quarterly index values
| Period | Index |
|---|---|
| Q2 2026 | 339.96 |
| Q1 2026 | 338.28 |
| Q4 2025 | 335.61 |
| Q3 2025 | 332.40 |
| Q2 2025 | 330.76 |
| Q1 2025 | 320.98 |
| Q4 2024 | 314.88 |
| Q3 2024 | 317.32 |
| Q2 2024 | 311.01 |
| Q1 2024 | 303.29 |
| Q4 2023 | 298.04 |
| Q3 2023 | 297.06 |
Frequently asked questions
- How much have home prices risen in ZIP codes starting with 490?
- Based on FHFA HPI® data for 3-digit ZIP region 490, the regional index changed +2.8% over the year to Q2 2026, +45.8% over five years, +102% over ten years, and +240% since Q1 1995.
- Is ZIP3 490 appreciating faster than Michigan and the U.S.?
- Over the past year the region's index +2.8% compares with +4.6% for Michigan and +3.0% for the U.S., a gap of −0.3 pts versus the nation. Over five years the gap versus the nation is +4.5 pts.
- Which ZIP codes are in 3-digit ZIP region 490?
- All ZIP codes that begin with 490. Census 2010 ZIP Code Tabulation Areas in this region run from 49001 to 49099 (78 areas). FHFA publishes one index for the whole 3-digit region, not for each 5-digit ZIP code.
- Can I use this to value my home?
- No. The FHFA HPI® is a broad regional index of average price movement. It is not an appraisal, tax assessment, or automated valuation of any individual property. Use it as general context alongside local sales and a professional opinion.