Midland, MI—48642
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Midland, MI
Home Price Trends — Midland, MI
As of Oct '25, the median home price in Midland, MI is $231,000, 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 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $231,000 | 2.1% |
| Single Family | $228,000 | 1.8% |
| Condos | $374,000 | 8.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $167,000 | 3.7% |
3 Bed | $219,000 | 4.3% |
4 Bed | $342,000 | 3.0% |
| 5 Bed | $458,000 | 2.7% |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,350 |
| Studio Rent | N/A | N/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 |
% of Rental Stock
Property Listings — Midland, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Midland, MI is 22. This is a increase of 2.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 18.0% |
Listing Count | 95 | 11.0% |
| Listings as % of Homes | 0.4% | 11.0% |
Days on Market | 22 | 2.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,800 | 5.2% |
% Under 18 | 21.9% | 0.0% |
% Seniors | 18.6% | 12.0% |
% WFH | 11.3% | 140.4% |
% w/ College Degree | 42.5% | 4.7% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $231,000 |
| Median Household Income | $77,700 |