Coloma, MI—49038
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Coloma, MI
As of Oct '25, the median home price in Coloma, MI is $232,000, with a year-over-year change of 1.3%. This indicates that home prices in Coloma, MI are increasing. 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 | $232,000 | 1.3% |
| Single Family | $228,000 | 1.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $188,000 | 3.3% |
3 Bed | $242,000 | 2.5% |
4 Bed | $314,000 | 1.6% |
| 5 Bed | $477,000 | 3.0% |
% of Housing Stock
Rental Trends — Coloma, MI
As of July '25, Rentcast reports the average rent in Coloma, MI is $1,350, with a year-over-year rent change of -2.2%. Per bedroom, the median rent as of July '25 in Coloma, MI is 2-bedrooms: $1,350, 3-bedrooms: $1,350. The most common rental property sizes in Coloma, MI are 2-bedroom and 3-bedroom, accounting for 57.4% and 18.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,350 |
| 3 Bed Rent | $1,350 | $1,350 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Coloma, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Coloma, MI is 59. This is a increase of 42.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $326,000 | -3.0% |
Listing Count | 38 | -26.0% |
| Listings as % of Homes | 0.5% | -26.0% |
Days on Market | 59 | 42.0% |
Demographics — Coloma, MI
As of the latest ACS Survey released in 2023, Coloma, MI has a population of 8,580, which has decreased by -8.9% over the past 5 years. Coloma, MI is a moderately popular place for families, as children make up 22.5% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,580 | -8.9% |
% Under 18 | 22.5% | 0.9% |
% Seniors | 22.2% | 23.3% |
% WFH | 7.2% | 176.9% |
% w/ College Degree | 20.8% | 10.6% |
As of the latest ACS Survey released in 2023, Coloma, MI is a predominantly white area, with 81.5% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Coloma, MI is black, making up 5.9% of the population. Foreign-born residents account for 2.6% of the population in Coloma, MI, and this percentage has decreased by 3.7% 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 | 81.5% | -10.9% |
% Black | 5.9% | 293.3% |
% Hispanic | 4.0% | 37.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 2.6% | -3.7% |
Mortgage and Risk — Coloma, MI
According to HUD data as of 2023, there were 220 mortgage originations in Coloma, MI, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Coloma, MI. Investor activity is low, as 4.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 220 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 4.0% |
% Second Loans | 15.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Coloma, MI
Coloma, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | $30 | $1,100 | $1,130 |
| 3 Bedroom | $110 | $1,350 | $1,460 |
| 4 Bedroom | N/A | N/A | $1,500 |
Affordability — Coloma, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $232,000 |
| Median Household Income | $60,400 |