Coleman, MI—48618
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coleman, MI
As of Oct '25, the median home price in Coleman, MI is $186,000, with a year-over-year change of 1.9%. This indicates that home prices in Coleman, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $186,000 | 1.9% |
| Single Family | $186,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $140,000 | 0.0% |
3 Bed | $182,000 | 2.8% |
4 Bed | $213,000 | 1.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Coleman, MI
As of July '25, Rentcast reports the average rent in Coleman, MI is $900, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Coleman, MI is 2-bedrooms: $900. The most common rental property sizes in Coleman, MI are 3-bedroom and 1-bedroom, accounting for 32.0% and 25.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Coleman, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Coleman, MI is 42. This is a increase of 110.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $289,000 | 19.0% |
Listing Count | 15 | 45.0% |
| Listings as % of Homes | 0.3% | 45.0% |
Days on Market | 42 | 110.0% |
Demographics — Coleman, MI
As of the latest ACS Survey released in 2023, Coleman, MI has a population of 5,110, which has remained stable by -0.6% over the past 5 years. Coleman, MI is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 13.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,110 | -0.6% |
% Under 18 | 19.4% | -4.4% |
% Seniors | 20.5% | -1.9% |
% WFH | 3.1% | 93.8% |
% w/ College Degree | 13.2% | -10.2% |
As of the latest ACS Survey released in 2023, Coleman, MI is a predominantly white area, with 93.5% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Coleman, MI is black, making up 2.2% of the population. Foreign-born residents account for 0.4% of the population in Coleman, MI, and this percentage has decreased by 55.6% 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 | 93.5% | -2.8% |
% Black | 2.2% | 2,100.0% |
% Hispanic | 1.7% | -26.1% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 0.4% | -55.6% |
Mortgage and Risk — Coleman, MI
According to HUD data as of 2023, there were 63 mortgage originations in Coleman, MI, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Coleman, MI. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 63 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Coleman, MI
Coleman, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $740 |
| 2 Bedroom | $70 | $900 | $970 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,300 |
Affordability — Coleman, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $186,000 |
| Median Household Income | $58,500 |