Coldwater, MI—49036
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coldwater, MI
As of Oct '25, the median home price in Coldwater, MI is $206,000, with a year-over-year change of 1.7%. This indicates that home prices in Coldwater, MI are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $206,000 | 1.7% |
| Single Family | $205,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $176,000 | 2.3% |
3 Bed | $234,000 | 5.4% |
4 Bed | $284,000 | 4.0% |
| 5 Bed | $365,000 | 3.7% |
% of Housing Stock
Rental Trends — Coldwater, MI
Coldwater, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average 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/A | N/A |
% of Rental Stock
Property Listings — Coldwater, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Coldwater, MI is 58. This is a increase of 51.0% 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 33.0%, 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 | 13.0% |
Listing Count | 92 | 25.0% |
| Listings as % of Homes | 0.6% | 25.0% |
Days on Market | 58 | 51.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,700 | 4.6% |
% Under 18 | 20.7% | -2.4% |
% Seniors | 20.7% | 8.9% |
% WFH | 5.2% | 62.5% |
% w/ College Degree | 18.2% | 14.5% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $99 | $681 | $780 |
| 2 Bedroom | -$35 | $975 | $940 |
| 3 Bedroom | -$10 | $1,250 | $1,240 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Coldwater, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $206,000 |
| Median Household Income | $59,600 |