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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
90
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
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

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 TypeMedian Home ValueYoY % Change
All Homes
$211,0000.6%
Single Family $208,0001.5%
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
    		$176,0002.9%
    3 Bed
    		$208,0003.0%
    4 Bed
    		$279,0001.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    6.8%
    2 Bedrooms
    24.6%
    3 Bedrooms
    45.6%
    4 Bedrooms
    20.4%
    5+ Bedrooms
    2.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,000$1,550
    Studio Rent N/AN/A
    1 Bed Rent $709$709
    2 Bed Rent $731$866
    3 Bed Rent N/AN/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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$349,00019.0%
    Listing Count
    		16-32.0%
    Listings as % of Homes0.7%-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.

    MetricLatest CensusYoY % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$221$709$930
    2 Bedroom$489$731$1,220
    3 BedroomN/AN/A$1,580
    4 Bedroom-$780$2,400$1,620

    Affordability — Watervliet, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.7
    Median Home Price$211,000
    Median Household Income$56,900

    Watervliet, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Hartford, MI

    49057

    Coloma, MI

    49038

    Covert, MI

    49043

    Benton Harbor, MI

    49022

    Eau Claire, MI

    49111

    Frequently Asked Questions