Midland, NC—28107
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midland, NC
As of Oct '25, the median home price in Midland, NC is $423,000, with a year-over-year change of -0.4%. This indicates that home prices in Midland, NC are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $423,000 | -0.4% |
| Single Family | $423,000 | -0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $263,000 | -1.5% |
3 Bed | $395,000 | 0.0% |
4 Bed | $506,000 | -0.4% |
| 5 Bed | $606,000 | -1.0% |
% of Housing Stock
Rental Trends — Midland, NC
As of July '25, Rentcast reports the average rent in Midland, NC is $2,030, with a year-over-year rent change of 5.7%. Per bedroom, the median rent as of July '25 in Midland, NC is 2-bedrooms: $1,760, 3-bedrooms: $1,990, 4-bedrooms: $2,550. The most common rental property sizes in Midland, NC are 3-bedroom and 2-bedroom, accounting for 50.3% and 47.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,030 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,700 | $1,760 |
| 3 Bed Rent | $1,960 | $1,990 |
| 4 Bed Rent | $2,600 | $2,550 |
% of Rental Stock
Property Listings — Midland, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Midland, NC is 58. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $448,000 | -8.0% |
Listing Count | 56 | 115.0% |
| Listings as % of Homes | 0.6% | 115.0% |
Days on Market | 58 | 1.0% |
Demographics — Midland, NC
As of the latest ACS Survey released in 2023, Midland, NC has a population of 9,640, which has increased by 30.6% over the past 5 years. Midland, NC is a moderately popular place for families, as children make up 24.5% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,640 | 30.6% |
% Under 18 | 24.5% | 11.9% |
% Seniors | 13.8% | 0.0% |
% WFH | 18.3% | 177.3% |
% w/ College Degree | 37.1% | 18.2% |
As of the latest ACS Survey released in 2023, Midland, NC is a predominantly white area, with 74.9% of the population identifying as white. The white population has shrunk by 13.6% in the last 5 years. The second most common race or ethnicity in Midland, NC is hispanic, making up 10.8% of the population. Foreign-born residents account for 7.2% of the population in Midland, NC, and this percentage has increased by 35.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.9% | -13.6% |
% Black | 7.6% | 38.2% |
% Hispanic | 10.8% | 92.9% |
% Asian | 4.4% | ∞% |
% Foreign Born | 7.2% | 35.8% |
Mortgage and Risk — Midland, NC
According to HUD data as of 2023, there were 219 mortgage originations in Midland, NC, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Midland, NC. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 219 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Midland, NC
Midland, NC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,230 |
| 2 Bedroom | -$330 | $1,700 | $1,370 |
| 3 Bedroom | -$270 | $1,960 | $1,690 |
| 4 Bedroom | -$460 | $2,600 | $2,140 |
Affordability — Midland, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $423,000 |
| Median Household Income | $96,600 |