Department of Numbers

Kalamazoo Michigan Residential Rent and Rental Statistics

The median monthly gross residential rent in Kalamazoo, MI (the Kalamazoo-Portage metro area) was $746 in 2016 according to the Census ACS survey.1 Average gross rent in Kalamazoo was $818 in 2016. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2017 Kalamazoo median and average rent data will be released in September of 2018.

Data is also available below for Kalamazoo rental vacancy rates, Kalamazoo rent as a percent of median income and the fraction of renters in Kalamazoo.

Show dollars as: Nominal Real

Real Gross Rent in Kalamazoo Michigan (2016 dollars)2

2016 1 Year Change 3 Year Change
US Median Gross Rent $981 +0.93% +7.80%
Michigan Median Gross Rent $818 +0.49% +5.96%
Kalamazoo, MI Median Gross Rent $746 +2.90% +6.27%

Kalamazoo, MI Real Gross Rent Trends

At $746, real median gross rent in Kalamazoo was at its highest level in 2016 since the series began in 2005. At $818, real average gross rent in Kalamazoo was at its highest level in 2016 since the series began in 2005.

Real Gross Rent in Kalamazoo: Kalamazoo MI Median, Kalamazoo MI Average, Michigan Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Kalamazoo

Date US
Median
Michigan
Median
Kalamazoo, MI
Median
Kalamazoo, MI
Average
2016 $981 $818 $746 $818
2015 $972 $814 $725 $736
2014 $942 $794 $717 $742
2013 $910 $772 $702 $735
2012 $898 $760 $683 $685
2011 $898 $762 $702 $698
2010 $912 $779 $729 $748
2009 $916 $779 $703 $717
2008 $932 $799 $732 $763
2007 $885 $766 $705 $710
2006 $895 $792 $719 $718
2005 $869 $782 $731 $783

Kalamazoo Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2016 the rental vacancy rate for Kalamazoo Michigan was 6.13% according to Census ACS data.

Rental Vacancy Rate in Kalamazoo Michigan

2016 1 Year Change 3 Year Change
US 5.89% +0.04% -0.60%
Michigan 5.41% +0.22% -0.63%
Kalamazoo, MI 6.13% +1.17% +2.30%

Trends in Kalamazoo, MI Rental Vacancy Rate

The rental vacancy rate in Kalamazoo peaked in 2006 at 9.49%. Since then it has fallen by 3.36% to 6.13%. Data records for this series originated in 2005. From a 2013 post peak low of 3.83%, the rental vacancy rate has increased by 2.30%.

Rental Vacancy Rate: Kalamazoo MI, Michigan, US

Rental vacancy rate in Michigan

Historical Rental Vacancy Rate data for Kalamazoo

Date US Michigan Kalamazoo, MI
2016 5.89% 5.41% 6.13%
2015 5.85% 5.19% 4.96%
2014 6.32% 5.88% 5.12%
2013 6.49% 6.04% 3.83%
2012 6.77% 6.73% 5.32%
2011 7.40% 7.72% 6.76%
2010 8.17% 9.60% 8.08%
2009 8.43% 9.48% 6.24%
2008 7.86% 9.73% 7.94%
2007 7.87% 9.66% 9.21%
2006 7.70% 10.42% 9.49%
2005 7.74% 10.09% 8.42%

Rent as a Fraction of Income

Using median household income data for Kalamazoo, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Kalamazoo, median monthly gross rent as a fraction of median household income was 17.20% in 2016 according to the ACS.

Kalamazoo Michigan Median Annual Rent as a Fraction of Median Household Income

2016 1 Year Change 3 Year Change
US 20.43% -0.20% -0.35%
Michigan 18.70% -0.16% -0.39%
Kalamazoo, MI 17.20% +0.41% -1.13%

Trends in Kalamazoo, MI Rent as a Fraction of Income

The fraction of median Kalamazoo household income required to pay median monthly gross rent peaked in 2009 (relative to the 2005 series origin) at 18.87%. Since then it has fallen by 1.67% to 17.20%. From a 2015 low of 16.79%, the fraction of income going to rent has increased by 0.41%.

Fraction of Income towards Rent: Kalamazoo MI, Michigan, US

Percent of median household income going towards median monthly gross rent in Kalamazoo Michigan

Historical Data for Annual Rent as a Fraction of Income in Kalamazoo Michigan

Date US Michigan Kalamazoo, MI
2016 20.43% 18.70% 17.20%
2015 20.63% 18.86% 16.79%
2014 20.89% 18.97% 18.66%
2013 20.78% 19.09% 18.33%
2012 20.65% 19.16% 18.19%
2011 20.70% 19.29% 18.32%
2010 20.50% 19.29% 18.78%
2009 20.12% 18.99% 18.87%
2008 19.00% 17.44% 16.94%
2007 18.66% 17.09% 17.11%
2006 18.90% 17.17% 16.84%
2005 18.89% 17.07% 17.16%

Renter Fraction in Kalamazoo Michigan

You can calculate the renter fraction in Kalamazoo in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Kalamazoo as a fraction of total Kalamazoo households. In 2016 32.51% of households were renters according to Census ACS data.

Kalamazoo Fraction of Renters by Household Units

2016 1 Year Change 3 Year Change
US 36.88% -0.09% +0.38%
Michigan 29.68% +0.10% +0.23%
Kalamazoo, MI 32.51% -0.40% -0.78%

Trends in the Kalamazoo, MI Renter Fraction

The Kalamazoo household renter fraction peaked in in 2014 at 35.32% and is now 2.81% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Kalamazoo MI, Michigan, US

Fraction of renters in Kalamazoo

History of Kalamazoo Renter Fraction

Date US Michigan Kalamazoo, MI
2016 36.88% 29.68% 32.51%
2015 36.97% 29.58% 32.91%
2014 36.90% 29.76% 35.32%
2013 36.50% 29.45% 33.29%
2012 36.09% 28.94% 32.66%
2011 35.42% 28.26% 31.44%
2010 34.65% 27.25% 32.02%
2009 34.13% 26.81% 33.11%
2008 33.36% 26.02% 30.21%
2007 32.80% 25.17% 30.75%
2006 32.73% 24.83% 29.97%
2005 33.10% 25.33% 31.92%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.