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Coldwater, MI—49036

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$220,000
8.6% YoY Growth
Household Income
$59,600
20.3% YoY Growth
Days on Market
56
20.0% Longer YoY
Home Price Forecast
-1.2%
Median Rent
$935
N/A
1-Bed Rent
$681
N/A
2-Bed Rent
$975
N/A
3-Bed Rent
$1,250
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Coldwater, MI

As of May '26, the median home price in Coldwater, MI is $220,000, with a year-over-year change of 8.6%. This indicates that home prices in Coldwater, MI are increasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$220,0008.6%
Single Family $219,0009.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$184,0006.4%
    3 Bed
    		$244,0007.0%
    4 Bed
    		$294,0005.0%
    5 Bed $377,6785.9%
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    9.1%
    2 Bedrooms
    27.4%
    3 Bedrooms
    43.9%
    4 Bedrooms
    13.9%
    5+ Bedrooms
    4.7%

    Rental Trends — Coldwater, MI

    Coldwater, MI lacks sufficient rental market data for analysis.

    TypeMedian RentAverage Rent
    Average Rent$935$1,270
    Studio Rent $800$868
    1 Bed Rent $681$681
    2 Bed Rent $975$975
    3 Bed Rent $1,250$1,250
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    1.6%
    1 Bedroom
    27.7%
    2 Bedrooms
    42.3%
    3 Bedrooms
    23.8%
    4 Bedrooms
    2.3%
    5+ Bedrooms
    2.4%

    Property Listings — Coldwater, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Coldwater, MI is 56. This is a increase of 20.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$380,00038.0%
    Listing Count
    		91-11.0%
    Listings as % of Homes0.6%-11.0%
    Days on Market
    		5620.0%
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    Demographics — Coldwater, MI

    As of the latest ACS Survey released in 2023, Coldwater, MI has a population of 24,700, which has increased by 4.6% over the past 5 years. Coldwater, MI is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 18.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		24,7004.6%
    % Under 18
    		20.7%-2.4%
    % Seniors
    		20.7%8.9%
    % WFH
    		5.2%62.5%
    % w/ College Degree
    		18.2%14.5%
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    As of the latest ACS Survey released in 2023, Coldwater, MI is a predominantly white area, with 86.4% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Coldwater, MI is hispanic, making up 6.8% of the population. Foreign-born residents account for 7.7% of the population in Coldwater, MI, and this percentage has increased by 83.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		86.4%-1.6%
    % Black
    		3.3%-17.5%
    % Hispanic
    		6.8%33.3%
    % Asian
    		0.7%-22.2%
    % Foreign Born
    		7.7%83.3%
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    Mortgage and Risk — Coldwater, MI

    According to HUD data as of 2023, there were 402 mortgage originations in Coldwater, MI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Coldwater, MI. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		402
    % Conventional Loans
    		83.0%
    % Government Loans
    		17.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		5.0%
    % Cash Out Refinance
    		16.0%
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    Rentals and Section 8 — Coldwater, MI

    Coldwater, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		237
    Total Units Section 8
    		219
    % Rentals under Section 8
    		N/A
    % Occupied Section 8
    		93.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$99$681$780
    2 Bedroom-$35$975$940
    3 Bedroom-$10$1,250$1,240
    4 BedroomN/AN/A$1,250

    Affordability — Coldwater, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$220,000
    Median Household Income$59,600

    Coldwater, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    49082

    Union City, MI

    49094

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    Frequently Asked Questions