View in Interactive Map

Midland, MI—48642

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$238,000
2.1% YoY Growth
Household Income
$77,700
19.3% YoY Growth
Days on Market
57
7.0% Shorter YoY
Home Price Forecast
3.5%
Median Rent
$1,300
3.6% YoY Growth
1-Bed Rent
$670
71.7% YoY Growth
2-Bed Rent
$1,120
2.5% YoY Growth
3-Bed Rent
$1,420
10.2% YoY Growth

Other Zip Codes in Midland, MI

48640
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Midland, MI

As of Dec '25, the median home price in Midland, MI is $238,000, with a year-over-year change of 2.1%. This indicates that home prices in Midland, MI are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$238,0002.1%
Single Family $236,0002.6%
Condos $354,0008.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$166,0004.4%
    3 Bed
    		$219,0004.8%
    4 Bed
    		$339,0002.7%
    5 Bed $456,7842.8%
    Loading chart...

    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    7.3%
    2 Bedrooms
    21.4%
    3 Bedrooms
    43.6%
    4 Bedrooms
    21.5%
    5+ Bedrooms
    5.3%

    Rental Trends — Midland, MI

    As of July '25, Rentcast reports the average rent in Midland, MI is $1,350, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Midland, MI is 1-bedrooms: $1,030, 2-bedrooms: $1,150, 3-bedrooms: $1,510, 4-bedrooms: $2,500. The most common rental property sizes in Midland, MI are 2-bedroom and 1-bedroom, accounting for 45.7% and 25.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,300$1,350
    Studio Rent N/AN/A
    1 Bed Rent $670$1,030
    2 Bed Rent $1,120$1,150
    3 Bed Rent $1,420$1,510
    4 Bed Rent $2,200$2,500
    Loading chart...

    % of Rental Stock

    Studio
    3.6%
    1 Bedroom
    25.8%
    2 Bedrooms
    45.7%
    3 Bedrooms
    20.6%
    4 Bedrooms
    4.3%

    Property Listings — Midland, MI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Midland, MI is 35. This is a decrease of -14.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$374,0009.0%
    Listing Count
    		712.0%
    Listings as % of Homes0.4%2.0%
    Days on Market
    		57-7.0%
    Loading chart...

    Demographics — Midland, MI

    As of the latest ACS Survey released in 2023, Midland, MI has a population of 33,800, which has increased by 5.2% over the past 5 years. Midland, MI is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 42.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		33,8005.2%
    % Under 18
    		21.9%0.0%
    % Seniors
    		18.6%12.0%
    % WFH
    		11.3%140.4%
    % w/ College Degree
    		42.5%4.7%
    Loading chart...

    As of the latest ACS Survey released in 2023, Midland, MI is a predominantly white area, with 87.6% of the population identifying as white. The white population has shrunk by 2.4% in the last 5 years. The second most common race or ethnicity in Midland, MI is hispanic, making up 4.2% of the population. Foreign-born residents account for 4.8% of the population in Midland, MI, and this percentage has decreased by 12.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		87.6%-2.4%
    % Black
    		1.8%28.6%
    % Hispanic
    		4.2%75.0%
    % Asian
    		3.8%-2.6%
    % Foreign Born
    		4.8%-12.7%
    Loading chart...

    Mortgage and Risk — Midland, MI

    According to HUD data as of 2023, there were 568 mortgage originations in Midland, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Midland, MI. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		568
    % Conventional Loans
    		86.0%
    % Government Loans
    		14.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		13.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Midland, MI

    As of 2024, the percent of homes in Midland, MI under the Section 8 program is 10.5%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Midland, MI, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		377
    Total Units Section 8
    		377
    % Rentals under Section 8
    		10.5%
    % Occupied Section 8
    		95.3%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$300$670$970
    2 Bedroom$140$1,120$1,260
    3 Bedroom$210$1,420$1,630
    4 Bedroom-$500$2,200$1,700

    Affordability — Midland, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$238,000
    Median Household Income$77,700

    Midland, MI — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Hope, MI

    48628

    Rhodes, MI

    48652

    Auburn, MI

    48611

    Midland, MI

    48640

    Linwood, MI

    48634

    Frequently Asked Questions