Market Overview
Home Prices in Coloma, MI
The median home value in Coloma, MI is $256,997 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.9% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Coloma are priced37% below average. Coloma is part of the Niles, MI metro area.
Over the past five years, Coloma home values have risen by approximately31.8%, reflecting strong long-term appreciation in this market.
Price History
Coloma Home Price Trend
2020
$163,111
$163K
—
2021
$194,955
$195K
+19.5%
2022
$223,517
$224K
+14.7%
2023
$228,375
$228K
+2.2%
2024
$236,826
$237K
+3.7%
2025
$238,205
$238K
+0.6%
2026
$256,997
$257K
+7.9%
City Comparison
Coloma vs. National Median
🏠 Coloma
$256,997
National Median
$410,000
At $256,997, homes in Coloma cost 37% below the national median of $410,000. This makes Coloma a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Coloma?
20% Down Payment
$51,399
on $256,997
Monthly P&I
$1,340/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,702/mo
incl. taxes & insurance
Income Needed
$68,080
gross annual (30% rule)
10% Down Option
$25,700
+ PMI applies
Loan Amount (20% dn)
$205,598
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 Coloma, MI?
The median home value in Coloma is $256,997 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.9% year-over-year.
How much have home prices changed in Coloma?
Over the past year, home values in Coloma have increased by 7.9%. Over five years, prices have risen approximately 31.8%.
How much do I need to earn to buy a home in Coloma?
To comfortably afford the median home price of $256,997 with a 20% down payment ($51,399) at today's rates (6.8%), you'd need a gross annual income of approximately $68,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Coloma compare to the national average home price?
The national median home value is approximately $410,000. At $256,997, homes in Coloma are 37% below the national average.
What metro area is Coloma part of?
Coloma is part of the Niles, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.