Coldwater, MI home prices
Typical home $206,657 · +4.6% in a year · income needed $60,600
The Coldwater, MI metro area ranks 611 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.6% in a year and +11.7% over five years. With 20% down at 7.11%, the typical home costs about $1,415 a month including 1.16% property tax (Branch County rate).
Mortgage on the typical Coldwater home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $41,331 | $165,325 | $1,112 | $0 | $302 | $1,415 | $60,600 |
| 10% down | $20,666 | $185,991 | $1,251 | $77 | $302 | $1,631 | $69,900 |
| 5% down | $10,333 | $196,324 | $1,321 | $82 | $302 | $1,705 | $73,100 |
| 3.5% down (FHA) | $7,233 | $202,914 | $1,365 | $91 | $302 | $1,759 | $75,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.16% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Coldwater area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Branch County, MI | $206,792 | +4.6% | 1.16% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Coldwater?
The typical home in the Coldwater, MI metro area is worth $206,657 (Zillow, September 2026).
What salary do you need to buy a house in Coldwater?
About $60,600 a year for the typical home with 20% down at 7.11%.