Midland City, AL—36350
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midland City, AL
As of Oct '25, the median home price in Midland City, AL is $195,000, with a year-over-year change of 0.5%. This indicates that home prices in Midland City, AL are flat. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $195,000 | 0.5% |
| Single Family | $195,000 | 1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $209,000 | 4.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midland City, AL
As of July '25, Rentcast reports the average rent in Midland City, AL is $1,310, with a year-over-year rent change of 4.0%. Per bedroom, the median rent as of July '25 in Midland City, AL is 1-bedrooms: $935, 2-bedrooms: $1,010, 3-bedrooms: $1,450, 4-bedrooms: $2,200. The most common rental property sizes in Midland City, AL are 3-bedroom and 2-bedroom, accounting for 44.1% and 36.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,310 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $575 | $935 |
| 2 Bed Rent | $1,200 | $1,010 |
| 3 Bed Rent | $1,500 | $1,450 |
| 4 Bed Rent | $2,200 | $2,200 |
% of Rental Stock
Property Listings — Midland City, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Midland City, AL is 53. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 4.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $263,000 | -18.0% |
Listing Count | 49 | 54.0% |
| Listings as % of Homes | 0.5% | 54.0% |
Days on Market | 53 | -22.0% |
Demographics — Midland City, AL
As of the latest ACS Survey released in 2023, Midland City, AL has a population of 7,680, which has increased by 15.8% over the past 5 years. Midland City, AL is a moderately popular place for families, as children make up 24.2% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,680 | 15.8% |
% Under 18 | 24.2% | -9.7% |
% Seniors | 14.4% | 1.4% |
% WFH | 3.9% | 225.0% |
% w/ College Degree | 21.8% | 27.5% |
As of the latest ACS Survey released in 2023, Midland City, AL is a predominantly white area, with 68.8% of the population identifying as white. The white population has shrunk by 8.5% in the last 5 years. The second most common race or ethnicity in Midland City, AL is black, making up 23.5% of the population. Foreign-born residents account for 2.0% of the population in Midland City, AL, and this percentage has increased by 11.1% 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 | 68.8% | -8.5% |
% Black | 23.5% | 25.7% |
% Hispanic | 4.5% | 309.1% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 2.0% | 11.1% |
Mortgage and Risk — Midland City, AL
According to HUD data as of 2023, there were 55 mortgage originations in Midland City, AL, of which 51.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in Midland City, AL. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 55 |
% Conventional Loans | 51.0% |
% Government Loans | 49.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Midland City, AL
As of 2024, the percent of homes in Midland City, AL under the Section 8 program is 13.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Midland City, AL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 189 |
Total Units Section 8 | 189 |
% Rentals under Section 8 | 13.7% |
% Occupied Section 8 | 73.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $575 | $680 |
| 2 Bedroom | -$380 | $1,200 | $820 |
| 3 Bedroom | -$400 | $1,500 | $1,100 |
| 4 Bedroom | -$890 | $2,200 | $1,310 |
Affordability — Midland City, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $195,000 |
| Median Household Income | $55,200 |