Coldwater, MI Real Estate
According to census data in the year 2000 there were 4,364 housing units in Coldwater.
This represents a 9.5% growth from 3,987 in 1990.
Of those housing units, 4,346 were located in either urbanized areas or urban clusters, and 18 were located in what is classified as a rural area.
Homeownership rate in Coldwater is about 67.2%.
Coldwater's vacancy rate, including seasonal lodging, is about 7.1%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Coldwater were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 14.80% |
| Two Bedrooms | 28% |
| Three Bedrooms | 40.30% |
| Four Bedrooms | 12.40% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $77,800 |
| Median Price asked for vacant units | $90,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $394 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 55.70% |
| Debt Free | 30.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.4% |
