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These days, finding an affordable place to live in the Coldwater area can be challenging. Home prices in Coldwater are now at a median cost of $167,206, lower than the Michigan average of $250,415.
The average cost of rent is $983/mo in Coldwater, primarily driven by the current value of real estate in the Coldwater area. In Coldwater, 27.79% of households rent, and 42.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Coldwater is $4,890 per month. Households that rent pay about 20.10% of their income on rent here. Coldwater’s most expensive areas are in the southeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- West Kinderhook, MI: less expensive homes
- Crystal Beach, MI: higher priced homes
- Quincy, MI: equally priced homes
- Girard, MI: higher priced homes
- Batavia Center, MI: equally priced homes
- South Butler, MI: equally priced homes
- Canada Shores, MI: higher priced homes
- Kinderhook, MI: higher priced homes
- East Gilead, MI: higher priced homes
- Bronson, MI: less expensive homes
Cities with Similar Populations
- Woodinville, WA: higher priced homes
- Alpine, CA: higher priced homes
- Neosho, MO: equally priced homes
- North Bellmore, NY: higher priced homes
- North Bay Shore, NY: higher priced homes
- Nogueras, PR: less expensive homes
- Niles, OH: less expensive homes
- Newton, KS: equally priced homes
- Newport, NC: higher priced homes
- New River, AZ: higher priced homes
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