The story of this market
The typical home in ZIP 45828 sells for about $315,000, or $174 per square foot.
Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $846 a month.
ZIP 45828 — Coldwater
The 45828 housing market is characterized by low inventory and stable pricing, with a median home price of $315,000. Market activity is driven by local demand in a small-town setting, with very few distressed properties. Some specific figures like effective tax rates were not available at the ZIP level.
This ZIP is well-suited for families and long-term residents seeking an affordable, stable small-town environment with a strong sense of community.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 55 days on market with 3.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 4.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 45828, Mercer County OH
The area is served by the Coldwater Exempted Village School District, which is generally well-regarded within the region.
The area is located in a temperate climate zone with standard regional risks; specific flood or wildfire insurance posture is not determinable.
Economic momentum is driven by local manufacturing and small-town commerce, with modest residential development activity.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Ohio) — Real Property Tax Assessment: Property is assessed at 35% of its true market value. The tax is calculated by multiplying the assessed value by the effective tax rate (millage) of the local taxing district.
The area is primarily car-dependent with typical rural Ohio commute patterns toward local employment hubs.
The area features local parks and community facilities within the village of Coldwater, with access to regional outdoor recreation in Mercer County.
The rental market is characterized by limited inventory and stable demand, with rents for 2-bedroom units around $1,000.
The local economy is anchored by manufacturing and agricultural support services typical of western Ohio.
Transportation is primarily served by state highway corridors; public transit options are not available.
Development is focused on small-scale residential infill and local commercial improvements.
The Mercer County Auditor manages property assessments for the jurisdiction.
Parcels are subject to standard school and county-level special district levies.
Property insurance markets are stable, reflecting the area's low-risk profile for major natural disasters.
Data retrieved from Census Bureau ZCTA profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
Local community park providing green space and recreational facilities.
Regional hub for community events and gatherings located nearby.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.