Midland, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Midland Neighborhoods Since 2000




Midland, MI Real Estate Data

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 Q2 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Midland Housing Market Information

With a population of 42,045, 17,492 total housing units (homes and apartments), and a median house value of $154,370, Midland real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Midland, accounting for 67.49% of the city's housing units. Other types of housing that are prevalent in Midland include large apartment complexes or high rise apartments ( 16.96%), duplexes, homes converted to apartments or other small apartment buildings ( 6.96%), and a few row houses and other attached homes ( 5.52%).

The most prevalent building size and type in Midland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.15% owning and 37.85% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Midland's housing was primarily built during this period, from the '40s through the '60s. A full 43.80% of the city's housing hails from this era. Other housing ages represented in Midland include homes built between 1970-1999 ( 41.79%) and housing constructed between 2000 and later ( 7.57%). There's also some housing in Midland built before 1939 ( 6.84%).

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 -0.16% during the period.

NeighborhoodScout's data show that during the latest twelve months, Midland's appreciation rate, at 4.63%, has been at or slightly above the national average. In the latest quarter, Midland's appreciation rate has been 7.68%, which annualizes to a rate of 34.46%.

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 lower than 80% 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:
$154,370

Midland, MI HOME PRICES

Value Range
> $1,085,000 0.2
$814,001 - $1,085,000 0.2
$542,001 - $814,000 0.9
$434,001 - $542,000 2.2
$326,001 - $434,000 3.6
$217,001 - $326,000 13.7
$108,001 - $217,000 48.6
$54,001 - $108,000 23.8
$0 - $54,000 6.9

High for MI
Average for Nation

Value Relative to Nation Value Relative to State
49.5286609286258 37.6602564102564

Number Of Homes And Apartments:
17,492

Midland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
6.54% 0.36% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$886 / per month

Homeownership Rate

Homeownership
Owners 62.15
Renters 37.85
Vacant 5.09

Housing Market Details

 

Age of Homes

AGE OF Midland HOMES
2000 or Newer 7.6
1970 - 1999 41.8
1940 - 1969 43.8
1939 or Older 6.8

Types of Homes

TYPE OF Midland HOMES
Single-Family 67.5
Townhomes 5.5
Small Apt. Buildings 7.0
Apt. Complexes 17.0
Mobile Homes 2.9
Other 0.2

Home Size

SIZE OF Midland HOMES
No Bedroom 1.04
1 Bedroom 9.19
2 Bedrooms 27.70
3 Bedrooms 37.97
4 Bedrooms 19.73
5 or more bedrooms 4.37