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Coldwater, MI
Full City Profile · Michigan · Hillsdale County County
2.9
/5.0
C+
Fair
13,847
Population
1,470/sq mi density
$50,084
Median Income
$23,311 per capita
$120,900
Home Value
$207,966 Zillow
$912
Median Rent
27.4% income on rent
48°F
Avg Temperature
275 sunny days/yr
388
Violent Crime/100K
2,273 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.5 / 5.0
$50,084 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$120,900 home value, $912/mo rent
F
Safety
1.0 / 5.0
388 violent crimes/100K (2% above avg)
C
Education
2.2 / 5.0
14.5% bachelor's degree or higher
Housing Overview
Median Home Value
$120,900
57% below
US avg: $281,900
Median Rent
$912/mo
22% below
US avg: $1,163/mo
Homeownership Rate
61.3%
6% below US avg (65.4%)
Total Housing Units
4,819
Median year built: 1965
Home Value by Source
Census Median
$120,900
Zillow (ZHVI)
$207,966
Median Sale Price
$197,550
Median List Price
$200,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
61.3%
Owner-Occupied
38.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$912/mo
Market Indicators (Redfin)
Median Days on Market
133 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
27.3%
of listings with price reduction
Price Per Sq Ft
$118
Active Inventory
22
homes for sale
Affordability & Housing Stock
Rent Burden
27.4%
of renters spending 30%+ of income on housing
12% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
61.3%
Complete Housing Data
Home Values
| Census Median Value | $120,900 |
| Zillow Home Value (ZHVI) | $207,966 |
| Median Sale Price | $197,550 |
| Median List Price | $200,000 |
| Price Per Sq Ft | $118 |
Rent
| Census Median Rent | $912 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 133 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 27.3% |
| Homes Sold | 4 |
| Active Inventory | 22 |
| Price Per Sq Ft | $118 |
Ownership & Stock
| Owner-Occupied | 61.3% |
| Renter-Occupied | 38.7% |
| Homeownership Rate | 61.3% |
| Total Housing Units | 4,819 |
| Median Year Built | 1965 |
| Rent Burden | 27.4% |