Coldwater, MI


Highest Appreciating Coldwater Neighborhoods Since 2000

Coldwater, MI Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Coldwater Housing Market Information

With a population of 10,844, 4,079 total housing units (homes and apartments), and a median house value of $82,111, 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 59.06% of the city's housing units. Other types of housing that are prevalent in Coldwater include large apartment complexes or high rise apartments ( 20.46%), mobile homes or trailers ( 9.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.71%).

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 57.52% owning and 42.48% 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 between 1940-1969 ( 27.30%). A lesser amount of the housing stock also hails from before 1939 ( 26.74%). There's also some housing in Coldwater built between 2000 and later ( 6.13%).

Vacant housing appears to be an issue in Coldwater. Fully 12.88% of the housing stock is classified as vacant. Left unchecked, vacant Coldwater homes and apartments can be a drag on the real estate market, holding Coldwater real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Coldwater Home Appreciation Rates

Coldwater's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Coldwater during the period has been just -0.80%, which is lower than 70% of US communities.

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 7.00%, which is higher than appreciation rates in 81.33% 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 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Michigan, our data show that Coldwater's latest annual appreciation rate is higher than 60% 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:


Value Range
> $1,140,000 0.0
$855,001 - $1,140,000 0.0
$570,001 - $855,000 0.1
$456,001 - $570,000 0.1
$342,001 - $456,000 0.9
$228,001 - $342,000 3.5
$114,001 - $228,000 26.3
$57,001 - $114,000 45.1
$0 - $57,000 24.1

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
89.1216453767725 89.9038461538462

Number Of Homes And Apartments:

Coldwater Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
3.99% 0.23% 4 1
* 10 is highest

Rent & Ownership


Average Market Rent:
$774 / per month

Homeownership Rate

Owners 57.52
Renters 42.48
Vacant 12.88

Housing Market Details


Age of Homes

AGE OF Coldwater HOMES
2000 or Newer 6.1
1970 - 1999 39.8
1940 - 1969 27.3
1939 or Older 26.7

Types of Homes

Single-Family 59.1
Townhomes 2.2
Small Apt. Buildings 8.7
Apt. Complexes 20.5
Mobile Homes 9.5
Other 0.0

Home Size

No Bedroom 6.73
1 Bedroom 13.28
2 Bedrooms 26.70
3 Bedrooms 35.63
4 Bedrooms 13.90
5 or more bedrooms 3.76