Coldwater, MS—38618
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coldwater, MS
As of Oct '25, the median home price in Coldwater, MS is $233,000, with a year-over-year change of 2.1%. This indicates that home prices in Coldwater, MS are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $233,000 | 2.1% |
| Single Family | $234,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $145,000 | -4.6% |
3 Bed | $228,000 | 3.2% |
4 Bed | $358,000 | 5.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Coldwater, MS
As of July '25, Rentcast reports the average rent in Coldwater, MS is $1,900, with a year-over-year rent change of 72.7%. Per bedroom, the median rent as of July '25 in Coldwater, MS is 3-bedrooms: $1,900. The most common rental property sizes in Coldwater, MS are 3-bedroom and 2-bedroom, accounting for 53.3% and 30.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,900 | $1,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Coldwater, MS
As of Oct '25, Realtor.com reports that the median days on market for a home in Coldwater, MS is 62. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $334,000 | 2.0% |
Listing Count | 26 | 4.0% |
| Listings as % of Homes | 0.7% | 4.0% |
Days on Market | 62 | -4.0% |
Demographics — Coldwater, MS
As of the latest ACS Survey released in 2023, Coldwater, MS has a population of 10,000, which has decreased by -17.7% over the past 5 years. Coldwater, MS is a moderately popular place for families, as children make up 16.5% of the population. The area has a poorly educated workforce, with 12.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,000 | -17.7% |
% Under 18 | 16.5% | -34.0% |
% Seniors | 21.3% | 14.5% |
% WFH | 3.8% | 72.7% |
% w/ College Degree | 12.2% | 7.0% |
As of the latest ACS Survey released in 2023, Coldwater, MS is a predominantly white area, with 59.8% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Coldwater, MS is black, making up 31.5% of the population. Foreign-born residents account for 1.7% of the population in Coldwater, MS, and this percentage has decreased by 5.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 59.8% | -2.6% |
% Black | 31.5% | 9.4% |
% Hispanic | 6.1% | 90.6% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.7% | -5.6% |
Mortgage and Risk — Coldwater, MS
According to HUD data as of 2023, there were 248 mortgage originations in Coldwater, MS, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Coldwater, MS. Investor activity is low, as 4.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 248 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Coldwater, MS
Coldwater, MS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | -$360 | $1,900 | $1,540 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Coldwater, MS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $233,000 |
| Median Household Income | $54,100 |