The story of this market
The typical home in ZIP 49024 sells for about $374,900, or $168 per square foot.
Prices are down 6.5% from a year ago, which gives buyers more room to negotiate. Homes take about 37 days to sell. HUD's fair market rent for a two-bedroom is $1,234 a month.
ZIP 49024 — Portage
The 49024 housing market remains resilient, characterized by a steady demand for single-family homes despite a slight year-over-year price adjustment. Low inventory levels continue to support pricing, while the area's strong economic fundamentals and school quality attract consistent interest from family buyers.
This ZIP code is ideal for families seeking high-quality schools and a suburban lifestyle, as well as professionals working in the Kalamazoo-Portage employment corridor. It offers a balance of residential stability and access to modern amenities.
Median prices moved down 6.5% year over year.
Homes spend a median of 37 days on market with 3.2 months of supply — a fast-moving market.
17% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.3% · poverty 7.3% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 49024, Kalamazoo County MI
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in the Portage area are generally lower than the national average, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered safer than the neighboring city of Kalamazoo.
The area is served by the Portage Public Schools district, which is highly regarded for its academic performance and extracurricular programs. Schools in this ZIP code consistently receive above-average ratings from state and national educational benchmarks.
The region faces moderate risks from severe thunderstorms and occasional winter weather events. Flood risk is generally low, though localized areas near water bodies may require standard flood insurance coverage.
The area benefits from a strong economic base anchored by healthcare, life sciences, and manufacturing. Ongoing development in the Portage corridor continues to attract new residential and commercial investment.
Property taxes are assessed at the local level based on the taxable value of the property, which is capped by state law. Residents are subject to school district, county, and municipal millage rates, with specific exemptions available for primary residences.
Residents typically commute by car, with easy access to I-94 and US-131 providing direct routes to major employment hubs in Kalamazoo and Battle Creek. Public transit options are limited, making personal vehicle ownership the standard for daily travel.
The area features extensive park systems, including the Portage Creek Bicentennial Park and numerous local trails. Residents have convenient access to shopping centers, golf courses, and recreational lakes within a short drive.
The rental market is characterized by steady demand driven by the proximity to local colleges and major employers. Vacancy rates remain low, and rental prices have seen consistent growth over the past year.
The economy is heavily influenced by the healthcare and pharmaceutical sectors, with major employers like Pfizer and Bronson Healthcare providing a stable job market. The area also benefits from a diverse mix of retail and service-oriented businesses.
The area is served by a network of major highways including I-94 and US-131, facilitating regional connectivity. Local transit is provided by Kalamazoo Metro, though service is primarily focused on the urban core.
Development is focused on infill residential projects and the revitalization of commercial corridors along Westnedge Avenue. City planning emphasizes sustainable growth and the expansion of non-motorized transit paths.
The Kalamazoo County Equalization Department oversees the assessment process, ensuring uniform property valuations across the county. Assessments are based on market data and state-mandated formulas.
Parcels are subject to various special districts, including local school district taxes and county-wide millages for public services. Some areas may fall under specific utility or drainage district assessments.
Property insurance premiums are generally stable, though the area's exposure to severe weather events can influence rates. Homeowners are encouraged to maintain adequate coverage for wind and storm damage.
Data retrieved from data.census.gov using ZCTA 49024 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Air Zoo Aerospace & Science Center4.83.5 mi
- Airway Fun Center4.53.5 mi
- Revel & Roll West4.34.3 mi
- Airborne Adventure Park - Kalamazoo, MI44 mi
- Kids Empire Kalamazoo4.86.1 mi
- Air Zoo Aerospace & Science Center4.83.5 mi
- Bell's Eccentric Cafe4.66.2 mi
- Wings Event Center4.45.3 mi
- Miller Auditorium4.74.7 mi
- Kalamazoo County Expo Center4.66.1 mi
- Airway Fun Center4.53.5 mi
- Celebration! Cinema4.51.4 mi
- One Well Brewing4.74.1 mi
- Kalamazoo Nature Center4.710.6 mi
- Revel & Roll West4.34.3 mi
- Gilmore Car Museum4.918.9 mi
- Air Zoo Aerospace & Science Center4.83.5 mi
- Kalamazoo Valley Museum4.76 mi
- Kalamazoo Institute of Arts4.75.6 mi
- Air Zoo Flight Discovery Center4.93.8 mi
- Kalamazoo Nature Center4.710.6 mi
- Ramona Park4.54.7 mi
- River Oaks County Park4.610.5 mi
- Bronson Park4.35.7 mi
- Al Sabo Land Preserve4.62.6 mi
- Gull Lake Marine Bayside4.616.3 mi
- Angels Crossing Golf Club4.47.9 mi
- Milham Park Golf Club4.33.6 mi
- Kalamazoo Country Club4.32.8 mi
- Olde Mill Golf Club3.88.8 mi
- Indian Run Golf Club4.46.4 mi
- Meijer4.12.8 mi
- The Crossroads Mall4.11.6 mi
- Meijer4.26.6 mi
- Meijer4.29.4 mi
- Meijer4.21.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major trail system connecting various parts of the city.
Features walking paths, historical buildings, and community events.
The primary regional shopping destination for the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.