Rent to own Homes in Kalamazoo, MI
Kalamazoo can be found in the western part of the state of Michigan. The city was originally named Bronson after its founder, Titus Bronson. However, in 1836, it got its present name Kalamazoo. In 2010, the city's population figure stood at 74,262. It is home to Western Michigan University and the manufacturing company, Stryker Corporation.
Kalamazoo, MI is a great place for affordable rent-to-own homes! With a median household income of over $43,222 and a median rent of $825, the Kalamazoo, MI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Kalamazoo, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Kalamazoo, MI Property Resources
Rent to own Homes in Cities Near Kalamazoo, MI
- Allegan
- Augusta
- Battle Creek
- Centreville
- Climax
- Comstock Northwest
- Delton
- Dowling
- East Leroy
- Eastwood
- Fulton
- Galesburg
- Gobles
- Hickory Corners
- Kalamazoo
- Lawton
- Leonidas
- Level Park-Oak Park
- Marcellus
- Martin
- Mattawan
- Mendon
- Otsego
- Parchment
- Paw Paw
- Plainwell
- Portage
- Richland
- Schoolcraft
- Scotts
- Shelbyville
- South Gull Lake
- Springfield
- Three Rivers
- Vicksburg
- Westwood
Neighborhoods in Kalamazoo, MI
Central Business District rent to own homes Arcadia rent to own homes Burke Acres rent to own homes Colony Farm rent to own homes Edison rent to own homes Hill N' Brook rent to own homes Knollwood rent to own homes Westwood rent to own homes Millwood rent to own homes Northside rent to own homesPopular Zip Codes in Kalamazoo, MI
49003 rent to own homes 49005 rent to own homes 49074 rent to own homes 49001 rent to own homes 49007 rent to own homes 49008 rent to own homesBuying a Home in Kalamazoo, MI
Kalamazoo, MI is seeing rapid growth and Kalamazoo, MI's' housing market remains optimal with an average home price that is -48% below the 2024 national average. Kalamazoo, MI is part of Kalamazoo county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Kalamazoo is 1.61% which is above the national average, which is 0.99%.
Median Home Price in Kalamazoo, MI
Median Rent in Kalamazoo, MI
Top Reasons to Live in Kalamazoo MI
Housing Statistics 39.23% of persons living in Kalamazoo are home owners. In turn, 50.62% of houses are rented. Finally, this yields a vacancy rate of 10.15%. In other words, there's never been a better time to move to Kalamazoo.
Shopping There are a large variety of shops that operate in Kalamazoo. Downtown shopping in the city is an unforgettable experience for some folks because there are so many things to choose from. In a sense, Kalamazoo is like its own little fashion hub within Michigan. There are antique collections, books, magazines, music, shoes, jewelry, sporting goods and many other things to choose from. Art lovers can find great things to buy from places like Art on a Whim, Allens Photography and Arts Council of Greater Kalamazoo. There are also a variety of wholesale and retail stores to choose from when one wants to compare prices.
Nightlife Nightlife in the city of Kalamazoo is all about staying up and enjoying yourself after the sun goes down. Some places to go to and unwind are Alley Oops Bar and Grill, Back Alley Lounge, Bell's Eccentric Cafe, Home Bar, Half Moon Saloon, Koffee Klutch and Harvey's on the Mall.
Neighborhoods There are just over 20 little neighborhoods in the city of Kalamazoo, and each neighborhood works in association with the Community Development Block Grant Program to try and bring about a safe and prosperous city for all Kalamazoans. However, as the neighborhoods overall are a bit on the smaller side, there isn't too much of a difference between the areas.