Watervliet, MI—49098
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Watervliet, MI
As of Oct '25, the median home price in Watervliet, MI is $210,000, with a year-over-year change of -0.5%. This indicates that home prices in Watervliet, MI are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $210,000 | -0.5% |
| Single Family | $207,000 | 0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $178,000 | 1.7% |
3 Bed | $208,000 | 2.5% |
4 Bed | $280,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Watervliet, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Watervliet, MI is 44. This is a decrease of -8.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $308,000 | 18.0% |
Listing Count | 27 | -23.0% |
| Listings as % of Homes | 0.7% | -23.0% |
Days on Market | 44 | -8.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Watervliet, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $210,000 |
| Median Household Income | $56,900 |