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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,209, 1,082 total housing units (homes and apartments), and a median house value of $212,758, 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 62.02% of the village's housing units. Other types of housing that are prevalent in Kalkaska include large apartment complexes or high rise apartments ( 28.55%), mobile homes or trailers ( 5.61%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.31%).
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 ( 28.89%). A lesser amount of the housing stock also hails from before 1939 ( 23.19%). There's also some housing in Kalkaska built between 2000 and later ( 7.31%).
In the last 10 years, Kalkaska has experienced some of the highest home appreciation rates of any community in the nation. Kalkaska real estate appreciated 147.59% over the last ten years, which is an average annual home appreciation rate of 9.49%, putting Kalkaska in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kalkaska definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 8.26%, which is higher than appreciation rates in 72.77% 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 0.88%, which equates to an annual appreciation rate of 3.56%.
Relative to Michigan, our data show that Kalkaska's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.
$212,758
for Michigan
for nation
1,082
$1,244 / per month