Coldwater, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Coldwater, MI Real Estate Data


Coldwater Housing Market Information

With 10,844 people, 3,953 houses or apartments, and a median cost of homes of $87,861, 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 60.83% of the city's housing units. Other types of housing that are prevalent in Coldwater include large apartment complexes or high rise apartments ( 17.91%), duplexes, homes converted to apartments or other small apartment buildings ( 9.86%), and a few mobile homes or trailers ( 8.50%).

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 59.14% owning and 40.86% 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 ( 27.34%). A lesser amount of the housing stock also hails from before 1939 ( 27.01%). There's also some housing in Coldwater built between 2000 and later ( 6.48%).

Vacant housing appears to be an issue in Coldwater. Fully 14.31% 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 -1.13%, which is lower than 70% of US communities.

Over the last year, Coldwater appreciation rates have trailed the rest of the nation. In the last twelve months, Coldwater's appreciation rate has been 2.33%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Coldwater were at 1.43%, which equates to an annual appreciation rate of 5.84%.

Relative to Michigan, our data show that Coldwater's latest annual appreciation rate is lower than 90% 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:
$87,861

Coldwater, MI HOME PRICES

Value Range
> $1,105,000 0.0
$829,001 - $1,105,000 0.0
$553,001 - $829,000 0.1
$442,001 - $553,000 0.0
$332,001 - $442,000 0.9
$221,001 - $332,000 4.7
$111,001 - $221,000 25.9
$55,001 - $111,000 46.6
$0 - $55,000 21.7

Very Low for MI
Very Low for Nation

Value Relative to Nation Value Relative to State
86.6604204485565 89.5833333333333

Number Of Homes And Apartments:
3,953

Rent & Ownership

 

Average Market Rent:
$891 / per month

Homeownership Rate

Homeownership
Owners 59.14
Renters 40.86
Vacant 14.31

Housing Market Details

 

Age of Homes

AGE OF Coldwater HOMES
2000 or Newer 6.5
1970 - 1999 39.2
1940 - 1969 27.3
1939 or Older 27.0

Types of Homes

TYPE OF Coldwater HOMES
Single-Family 60.8
Townhomes 2.9
Small Apt. Buildings 9.9
Apt. Complexes 17.9
Mobile Homes 8.5
Other 0.0

Home Size

SIZE OF Coldwater HOMES
No Bedroom 7.02
1 Bedroom 11.55
2 Bedrooms 27.03
3 Bedrooms 35.99
4 Bedrooms 15.33
5 or more bedrooms 3.08

Coldwater Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
-1.24% -0.07% 3 1
* 10 is highest