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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Coldwater, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Coldwater, MI Housing Market Trends

With 13,296 people, 4,518 houses or apartments, and a median cost of homes of $150,523, house prices in Coldwater are some of the most affordable in Michigan as well as the nation.

Single-family detached homes are the single most common housing type in Coldwater, accounting for 57.09% of the city's housing units. Other types of housing that are prevalent in Coldwater include large apartment complexes or high rise apartments ( 17.08%), duplexes, homes converted to apartments or other small apartment buildings ( 10.52%), and a few mobile homes or trailers ( 10.29%).

The most prevalent building size and type in Coldwater are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.46% owning and 47.54% renting.

There is a lot of housing in Coldwater built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Coldwater built before 1939 ( 29.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.38%). There's also some housing in Coldwater built between 2000 and later ( 11.18%).

Coldwater Home Appreciation Rates

Appreciation rates for homes in Coldwater have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 88.10%, which ranks in the top 50% nationwide. This equates to an annual average Coldwater house appreciation rate of 6.52%.

Appreciation rates are so strong in Coldwater that despite a nationwide downturn in the housing market, Coldwater real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coldwater appreciation rates continue to be some of the highest in America, at 7.90%, which is higher than appreciation rates in 85.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coldwater. Coldwater appreciation rates in the latest quarter were at 2.30%, which equates to an annual appreciation rate of 9.51%.

Importantly, this makes Coldwater one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Michigan, our data show that Coldwater's latest annual appreciation rate is higher than 80% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Coldwater differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Coldwater - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Coldwater real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$150,523

Coldwater, MI Home Prices
> $1,332,000
$999,001 - $1,332,000
$666,001 - $999,000
$532,001 - $666,000
$399,001 - $532,000
$267,001 - $399,000
$133,001 - $267,000
$67,001 - $133,000
$0 - $67,000
0.0%
0.0%
0.0%
0.0%
0.3%
0.3%
1.7%
1.7%
3.4%
3.4%
9.9%
9.9%
48.1%
48.1%
20.6%
20.6%
16.0%
16.0%
0% 100.0%
% of Homes
Very Low

for Michigan

Very Low

for nation

Number of Homes And Apartments:

4,518

Coldwater Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,414 / per month

Homeownership Rate

Owners
Renters
52.5%
52.5%
47.5%
47.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.2%
6.2%
93.8%
93.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.2%
11.2%
33.9%
33.9%
25.4%
25.4%
29.5%
29.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.1%
57.1%
5.0%
5.0%
10.5%
10.5%
17.1%
17.1%
10.3%
10.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
10.9%
10.9%
32.6%
32.6%
42.2%
42.2%
8.8%
8.8%
5.0%
5.0%
0% 100.0%
% of Homes