Market Overview
Home Prices in Coleman, MI
The median home value in Coleman, MI is $205,587 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Coleman are priced50% below average. Coleman is part of the Midland, MI metro area.
Over the past five years, Coleman home values have risen by approximately29.8%, reflecting strong long-term appreciation in this market.
Price History
Coleman Home Price Trend
City Comparison
Coleman vs. National Median
At $205,587, homes in Coleman cost 50% below the national median of $410,000. This makes Coleman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Coleman?
20% Down Payment
$41,117
on $205,587
Monthly P&I
$1,072/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,361/mo
incl. taxes & insurance
Income Needed
$54,440
gross annual (30% rule)
10% Down Option
$20,559
+ PMI applies
Loan Amount (20% dn)
$164,470
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Coleman, MI?
The median home value in Coleman is $205,587 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Coleman?
Over the past year, home values in Coleman have increased by 6.4%. Over five years, prices have risen approximately 29.8%.
How much do I need to earn to buy a home in Coleman?
To comfortably afford the median home price of $205,587 with a 20% down payment ($41,117) at today's rates (6.8%), you'd need a gross annual income of approximately $54,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Coleman compare to the national average home price?
The national median home value is approximately $410,000. At $205,587, homes in Coleman are 50% below the national average.
What metro area is Coleman part of?
Coleman is part of the Midland, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.