Watervliet, MI 49098 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Watervliet, MI—49098

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$211,000

0.6% YoY Growth

Household Income

$56,900

30.6% YoY Growth

Days on Market

4.0% Shorter YoY

Home Price Forecast

2.4%

Median Rent

$1,000

33.5% YoY Growth

1-Bed Rent

$709

N/A

2-Bed Rent

$731

N/A

3-Bed Rent

N/A

Home Price Trends — Watervliet, MI

As of Dec '25, the median home price in Watervliet, MI is $211,000, with a year-over-year change of 0.6%. This indicates that home prices in Watervliet, MI are flat. According to Zillow, the 1-year price projection is 2.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$211,000	0.6%
Single Family	$208,000	1.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Watervliet, MI

As of July '25, Rentcast reports the average rent in Watervliet, MI is $1,550, with a year-over-year rent change of -33.5%. Per bedroom, the median rent as of July '25 in Watervliet, MI is 1-bedrooms: $709, 2-bedrooms: $866, 4-bedrooms: $2,300. The most common rental property sizes in Watervliet, MI are 3-bedroom and 2-bedroom, accounting for 42.3% and 25.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,000	$1,550
Studio Rent	N/A	N/A
1 Bed Rent	$709	$709
2 Bed Rent	$731	$866
3 Bed Rent	N/A	N/A
4 Bed Rent	$2,400	$2,300

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% of Rental Stock

Studio

1.4%

1 Bedroom

18.1%

2 Bedrooms

25.6%

3 Bedrooms

42.3%

4 Bedrooms

12.6%

Property Listings — Watervliet, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Watervliet, MI is 72. This is a decrease of -22.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$349,000	19.0%
Listing Count	16	-32.0%
Listings as % of Homes	0.7%	-32.0%
Days on Market	90	-4.0%

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Demographics — Watervliet, MI

As of the latest ACS Survey released in 2023, Watervliet, MI has a population of 5,790, which has decreased by -2.6% over the past 5 years. Watervliet, MI is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 20.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,790	-2.6%
% Under 18	23.0%	-9.4%
% Seniors	22.4%	17.3%
% WFH	8.0%	788.9%
% w/ College Degree	20.7%	27.0%

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As of the latest ACS Survey released in 2023, Watervliet, MI is a predominantly white area, with 81.3% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Watervliet, MI is hispanic, making up 9.1% of the population. Foreign-born residents account for 2.8% of the population in Watervliet, MI, and this percentage has decreased by 22.2% 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	81.3%	-5.7%
% Black	4.7%	571.4%
% Hispanic	9.1%	12.3%
% Asian	1.0%	150.0%
% Foreign Born	2.8%	-22.2%

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Mortgage and Risk — Watervliet, MI

According to HUD data as of 2023, there were 108 mortgage originations in Watervliet, MI, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Watervliet, MI. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	108
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	5.0%
% Second Loans	8.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Watervliet, MI

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

Section 8 Market Size

Total Units under HUD	72
Total Units Section 8	72
% Rentals under Section 8	12.3%
% Occupied Section 8	94.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$221	$709	$930
2 Bedroom	$489	$731	$1,220
3 Bedroom	N/A	N/A	$1,580
4 Bedroom	-$780	$2,400	$1,620

Watervliet, MI—49098

Key Metrics at a Glance

Home Price Trends — Watervliet, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Watervliet, MI

% of Rental Stock

Property Listings — Watervliet, MI

Demographics — Watervliet, MI

Race and Ethnicity

Mortgage and Risk — Watervliet, MI

Mortgages

Rentals and Section 8 — Watervliet, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Watervliet, MI

Home Price to Income Ratio

Watervliet, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Hartford, MI

Coloma, MI

Covert, MI

Benton Harbor, MI

Eau Claire, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.7
Median Home Price	$211,000
Median Household Income	$56,900

Watervliet, MI—49098

Key Metrics at a Glance

Home Price Trends — Watervliet, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Watervliet, MI

% of Rental Stock

Property Listings — Watervliet, MI

Demographics — Watervliet, MI

Race and Ethnicity

Mortgage and Risk — Watervliet, MI

Mortgages

Rentals and Section 8 — Watervliet, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Watervliet, MI

Home Price to Income Ratio

Watervliet, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Hartford, MI

Coloma, MI

Covert, MI

Benton Harbor, MI

Eau Claire, MI

Frequently Asked Questions

What is the average home price in Watervliet, MI 49098?

How have home prices in Watervliet, MI 49098 changed over the past year?

What is the home price projection for Watervliet, MI 49098?

What are the demographics of Watervliet, MI 49098?

How long does it take homes to sell in Watervliet, MI 49098?

What is the average rent price in Watervliet, MI 49098?