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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Midland, MI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Midland, MI Housing Market Trends

With 42,512 people, 27 houses or apartments, and a median cost of homes of $244,874, Midland real estate and house prices are near the national average for all cities and towns.

Mobile homes or trailers are the single most common housing type in Midland, accounting for 100.00% of the city's housing units.

Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Midland. Owner-occupied housing accounts for 100.00% of Midland's homes, and 100.00% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Midland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Midland built between 1940-1969 ( 0.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 0.00%).

Midland Home Appreciation Rates

Real estate appreciation rates in Midland's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.85% during the period.

Appreciation rates are so strong in Midland that despite a nationwide downturn in the housing market, Midland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Midland appreciation rates continue to be some of the highest in America, at 9.10%, which is higher than appreciation rates in 91.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Midland. Midland appreciation rates in the latest quarter were at 3.77%, which equates to an annual appreciation rate of 15.94%.

Importantly, NeighborhoodScout’s exclusive research found that Midland's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Michigan, our data show that Midland's latest annual appreciation rate is higher than 90% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Midland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Midland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Midland real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$244,874

Midland, MI Home Prices
> $1,319,000
$989,001 - $1,319,000
$660,001 - $989,000
$528,001 - $660,000
$395,001 - $528,000
$263,001 - $395,000
$132,001 - $263,000
$66,001 - $132,000
$0 - $66,000
0.2%
0.2%
0.2%
0.2%
1.8%
1.8%
3.1%
3.1%
9.9%
9.9%
25.5%
25.5%
43.6%
43.6%
11.7%
11.7%
4.1%
4.1%
0% 100.0%
% of Homes
Average

for Michigan

Average

for nation

Number of Homes And Apartments:

27

Midland Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,471 / per month

Homeownership Rate

Owners
Renters
100.0%
100.0%
0.0%
0.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
0.0%
0.0%
100.0%
100.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
0.0%
0.0%
100.0%
100.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
100.0%
100.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
100.0%
100.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes