Coloma, MI


Highest Appreciating Coloma Neighborhoods Since 2000

Coloma, 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

Coloma Housing Market Information

With a population of 1,455, 627 total housing units (homes and apartments), and a median house value of $142,138, Coloma real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Coloma, accounting for 85.24% of the city's housing units. Other types of housing that are prevalent in Coloma include duplexes, homes converted to apartments or other small apartment buildings ( 11.75%), large apartment complexes or high rise apartments ( 2.56%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Coloma. Owner-occupied housing accounts for 73.52% of Coloma's homes, and 61.45% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Coloma's housing was primarily built during this period, from the '40s through the '60s. A full 51.81% of the city's housing hails from this era. Other housing ages represented in Coloma include homes built before 1939 ( 30.27%) and housing constructed between 1970-1999 ( 17.92%).

Coloma Home Appreciation Rates

Coloma's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Coloma during the period has been just -0.82%, which is lower than 70% of US communities.

Appreciation rates are so strong in Coloma that despite a nationwide downturn in the housing market, Coloma real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Coloma appreciation rates continue to be some of the highest in America, at 11.60%, which is higher than appreciation rates in 96.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Coloma. Coloma appreciation rates in the latest quarter were at 0.27%, which equates to an annual appreciation rate of 1.07%.

Relative to Michigan, our data show that Coloma's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

Average Home Values


Median Home Value:


Value Range
> $1,099,000 1.4
$824,001 - $1,099,000 0.9
$550,001 - $824,000 2.1
$440,001 - $550,000 0.0
$330,001 - $440,000 2.2
$220,001 - $330,000 16.5
$110,001 - $220,000 45.0
$55,001 - $110,000 24.0
$0 - $55,000 8.0

Average for MI
Average for Nation

Value Relative to Nation Value Relative to State
53.7530762920427 41.8269230769231

Number Of Homes And Apartments:

Coloma 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
18.05% 0.97% 8 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$913 / per month

Homeownership Rate

Owners 73.52
Renters 26.48
Vacant 5.57

Housing Market Details


Age of Homes

2000 or Newer 0.0
1970 - 1999 17.9
1940 - 1969 51.8
1939 or Older 30.3

Types of Homes

Single-Family 85.2
Townhomes 0.0
Small Apt. Buildings 11.7
Apt. Complexes 2.6
Mobile Homes 0.5
Other 0.0

Home Size

No Bedroom 0.00
1 Bedroom 7.38
2 Bedrooms 26.66
3 Bedrooms 46.08
4 Bedrooms 15.36
5 or more bedrooms 4.52