Caledonia, MI housing market
The typical Caledonia home is worth about $469,000, up 4.9% in a year, 76% above the Michigan typical home.
Home values, sales, trends and how Caledonia compares with the towns next door — updated as new data is published.
Caledonia at a glance
Typical home value, 2016–2026
Show as a table
| January | Caledonia | Michigan |
|---|---|---|
| 2017 | $255,000 | $144,000 |
| 2018 | $269,000 | $155,000 |
| 2019 | $283,000 | $165,000 |
| 2020 | $298,000 | $175,000 |
| 2021 | $330,000 | $194,000 |
| 2022 | $378,000 | $217,000 |
| 2023 | $398,000 | $230,000 |
| 2024 | $414,000 | $241,000 |
| 2025 | $438,000 | $253,000 |
| 2026 | $461,000 | $262,000 |
| August 2026 | $469,000 | $266,000 |
212 new homes permitted in 2025
Builders were permitted 212 new homes in Caledonia in 2025, all single-family houses, worth about $72.8 million to build. That's 13 per 1,000 residents, faster than across Michigan (2.3). Over the past 10 years, Caledonia has permitted 1,085 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Caledonia gained 3,479 residents while 857 new homes were permitted: about 4.1 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 59 | 59 | 0 | $23.5 million |
| 2025 | 212 | 212 | 0 | $72.8 million |
| 2024 | 81 | 81 | 0 | $32.8 million |
| 2023 | 65 | 56 | 9 | $23.1 million |
| 2022 | 77 | 56 | 21 | $23.5 million |
| 2021 | 158 | 113 | 45 | $33.8 million |
| 2020 | 102 | 86 | 16 | $21.2 million |
| 2019 | 107 | 78 | 29 | $24.6 million |
| 2018 | 86 | 73 | 13 | $19 million |
| 2017 | 92 | 64 | 28 | $21 million |
| 2016 | 105 | 85 | 20 | $20.6 million |
| 2015 | 78 | 78 | 0 | $18.8 million |
| 2014 | 116 | 112 | 4 | $25.7 million |
| 2013 | 112 | 112 | 0 | $26.2 million |
| 2012 | 78 | 78 | 0 | $15.6 million |
| 2011 | 44 | 44 | 0 | $7.7 million |
| 2010 | 39 | 39 | 0 | $6.1 million |
| 2009 | 48 | 33 | 15 | $5.6 million |
| 2008 | 46 | 46 | 0 | $8.3 million |
| 2007 | 56 | 44 | 12 | $12.9 million |
| 2006 | 151 | 151 | 0 | $23.2 million |
| 2005 | 120 | 120 | 0 | $24.9 million |
| 2004 | 313 | 111 | 202 | $27.1 million |
| 2003 | 125 | 125 | 0 | $24.1 million |
| 2002 | 147 | 147 | 0 | $25.2 million |
| 2001 | 136 | 108 | 28 | $21.5 million |
| 2000 | 175 | 99 | 76 | $21.2 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Caledonia and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Caledonia | $469K | +4.9% | $1,630 | 212 | $111,365 |
| Bowne | — | +3%† | $1,460 | 8 | $120,859 |
| Cascade | — | +5.2%† | $1,810 | 258 | $135,896 |
| Thornapple | — | +8.5%† | $1,580 | 24 | $90,772 |
| Gaines | $417K | +4.2% | $1,670 | 183 | $82,738 |
† FHFA price index change, where Zillow has no home value for the town.
4.2 years of income
The typical Caledonia home costs about 4.2 years of the town's median household income, more than across Michigan (3.7 years).
How Caledonia ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,630
HUD's Fair Market Rent for a two-bedroom in Caledonia is $1,630 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Caledonia pay a median of $960, so moving in tends to cost more than staying put. A two-bedroom takes about 18% of the town's median household income.
Studio $1,300 · 4 bedrooms $2,330
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49302, 49316, 49333; Grand Rapids-Wyoming, MI HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.