Welcome to our 49024 real estate data hub, tailored for investors in Portage, MI. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 49024 in Portage, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in KALAMAZOO COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Portage, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the Portage property market.
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Location Overview
- Zip Code: 49024
- City: Portage
- State: MI
- Metro Area: Kalamazoo-Portage, MI
- County Name: KALAMAZOO COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $270,971
- Average Home Price (Single Family Homes): $272,842
- Average Monthly Rental Price (All Types): $1,680
- Price-to-Rent Ratio: 13
- Zillow Projected % appreciation from 4/2023-4/2024: 1.2%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $1,190
- Average 3 Bedroom Section 8 Rental Rates: $1,570
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 18.98
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 14.38
- Number of Units Offered in Section 8 in the County: 2416
- Number of Occupied Units in Section 8 in the County: 2289
- Percentage of Section 8 Units Occupied in the County: 94.69999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 160.41
- Total % Appreciation since 2000 (Government Data): 81.36
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.56%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.06%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.05%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 41.09%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 88.8%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 76.2%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 81.4%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%