Kaleva, MI housing market
The typical Kaleva home is worth about $228,000, up 12.1% in a year, 14% below the Michigan typical home.
Home values, sales, trends and how Kaleva compares with the towns next door — updated as new data is published.
Kaleva at a glance
Typical home value, 2016–2026
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| January | Kaleva | Michigan |
|---|---|---|
| 2017 | $102,000 | $144,000 |
| 2018 | $121,000 | $155,000 |
| 2019 | $137,000 | $165,000 |
| 2020 | $140,000 | $175,000 |
| 2021 | $162,000 | $194,000 |
| 2022 | $197,000 | $217,000 |
| 2023 | $200,000 | $230,000 |
| 2024 | $194,000 | $241,000 |
| 2025 | $206,000 | $253,000 |
| 2026 | $216,000 | $262,000 |
| August 2026 | $228,000 | $266,000 |
No new homes permitted in 2008
No permits for new homes were issued in Kaleva in 2008. The last year with any was 2004 (1 new home).
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2008 | 0 | 0 | 0 | — |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 0 | 0 | 0 | — |
| 2005 | 0 | 0 | 0 | — |
| 2004 | 1 | 1 | 0 | $60,000 |
| 2003 | 1 | 1 | 0 | $60,000 |
| 2002 | 1 | 1 | 0 | $60,000 |
| 2001 | 1 | 1 | 0 | $60,000 |
| 2000 | 1 | 1 | 0 | $60,000 |
Kaleva's permit office didn't report to the Census in 2008, so the 2008 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,100
HUD's Fair Market Rent for a two-bedroom in Kaleva is $1,100 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Kaleva pay a median of $1,594.
Studio $780 · 4 bedrooms $1,460
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49645; Manistee County, MI), 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.