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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 41,701 people, 2,201 houses or apartments, and a median cost of homes of $177,674, 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 75.18% of the city's housing units. Other types of housing that are prevalent in Midland include large apartment complexes or high rise apartments ( 10.80%), mobile homes or trailers ( 6.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.09%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Midland. Owner-occupied housing accounts for 73.37% of Midland's homes, and 65.66% 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 ( 34.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.03%). There's also some housing in Midland built before 1939 ( 7.00%).
Midland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Midland during the period has been just 1.73%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Midland's appreciation rate, at 4.16%, has been at or slightly above the national average. In the latest quarter, Midland's appreciation rate has been 2.80%, which annualizes to a rate of 11.69%.
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 60% 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.
|$882,001 - $1,176,000||0.2|
|$588,001 - $882,000||1.1|
|$471,001 - $588,000||2.6|
|$353,001 - $471,000||4.3|
|$235,001 - $353,000||16.6|
|$118,001 - $235,000||46.3|
|$59,001 - $118,000||23.6|
|$0 - $59,000||4.8|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
2000 Q1 - 2020 Q3
|* 10 is highest|
|AGE OF Midland HOMES|
|2000 or Newer||13.0|
|1970 - 1999||45.1|
|1940 - 1969||34.9|
|1939 or Older||7.0|
|TYPE OF Midland HOMES|
|Small Apt. Buildings||4.1|
|SIZE OF Midland HOMES|
|5 or more bedrooms||5.56|