City · 42,724 residents · Midland County, Michigan
Midland, Michigan
In Midland, a typical home is worth $203,900 and typical rent is $1,048 a month. Compared with all of Midland County, typical household income is 6% lower and the share of households that own their home is 11 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $189,611 to $252,073.
Typical rent
$1,442a month
▲ 5.1% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,077 to $1,442.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Midland is in Midland County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Midland County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Saginaw, the typical home value is $60,000: 71% less than in Midland ($203,900).
2
According to Zillow, in the 12 months to September 2026 the typical home value in Midland rose 9.3%; in Michigan, it rose 3.8%.
3
Nearby, in Bay City, the typical rent is $766: 27% less than in Midland ($1,048).
4
67% of households in Midland own their home, against 78% in Midland County.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Midland
What homes there are in Midland, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Midland
Midland County
Michigan
United States
Kind of home: Midland and its comparisons
Measure
Midland
Midland County
Michigan
United States
Detached house
67%
75%
72%
61%
Attached house
6%
3%
5%
6%
Building of 2 to 4
3%
3%
5%
8%
Apartments (5 or more)
20%
11%
13%
19%
Mobile home
3%
8%
5%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is still the most common home in Midland, but it weighs less than in Midland County: 67% against 75%.
Year built
Before 19601960–19791980–19992000–20092010 or later
Midland
Midland County
Michigan
United States
Year built: Midland and its comparisons
Measure
Midland
Midland County
Michigan
United States
Before 1960
31%
26%
36%
26%
1960–1979
36%
32%
26%
24%
1980–1999
22%
26%
22%
25%
2000–2009
3%
8%
10%
14%
2010 or later
7%
8%
6%
11%
The typical home in Midland was built in 1971, 4 years before the typical one in Midland County.
Homes in Midland are smaller: 63% have 3 bedrooms or more; in Midland County, 71%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K13%
$100K–$200K36%
$200K–$300K29%
$300K–$500K20%
$500K–$750K2%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Midland and its comparisons
Measure
Midland
Under $100K
13%
$100K–$200K
36%
$200K–$300K
29%
$300K–$500K
20%
$500K–$750K
2%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
The FHA loan limit for Midland County is $541,287, and about 98% of owner-occupied homes in Midland are worth less than that.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5009%
$500–$99936%
$1,000–$1,49940%
HUD fair market rent, 2 bedrooms: $1,205
$1,500–$1,99910%
$2,000–$2,4993%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Midland and its comparisons
Measure
Midland
Under $500
9%
$500–$999
36%
$1,000–$1,499
40%
$1,500–$1,999
10%
$2,000–$2,499
3%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent (FMR) for Midland County is $1,205: about 61% of rents in Midland are below it.
With a mortgage
$1,485 a month
Midland County: $1,465 a month
Without a mortgage
$617 a month
Midland County: $604 a month
Owners with a mortgage
57%
Midland County: 56%
In Midland, 57% of owners have a mortgage; their typical cost is $1,485 a month, about the same as in Midland County.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Midland+36%
Midland County+38%
Michigan+50%
United States+53%
Typical rent
Midland+33%
Midland County+31%
Michigan+30%
United States+33%
Typical household income
Midland+15%
Midland County+24%
Michigan+28%
United States+29%
Change since 2015–2019: Midland and its comparisons
Measure
Midland
Midland County
Michigan
United States
Typical home value
+36%
+38%
+50%
+53%
Typical rent
+33%
+31%
+30%
+33%
Typical household income
+15%
+24%
+28%
+29%
From 2015–2019 to 2020–2024, home values in Midland rose at about the same pace as in Midland County: 36% against 38%.
The typical rent in Midland rose 33% since 2015–2019, about the same as in Midland County (31%).
The typical household income in Midland rose 15%: less than home values (+36%) and rent (+33%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Midland and its comparisons
Measure
Midland
Midland County
Michigan
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.5%
1.6%
3.4%
People per household
2.25
2.36
2.42
2.53
Drive alone
76%
77%
74%
69%
Carpool
8%
8%
8%
9%
Public transit
Unreliable estimate
1%
1%
3%
Walk or bike
2%
1%
2%
3%
Work from home
13%
12%
14%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
10 to 19 minutes
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
A household in Midland has 2.25 people on average, about the same as in Midland County (2.36).
In Midland, 76% of workers drive alone to work; in Midland County, 77%.
Do the math
What would you pay each month for a home in Midland?
A typical home is tight for the typical income
We start with a typical home in Midland, worth $203,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Midland, which is $73,325 a year. For that payment to be 28% of income, a household would need to earn about $77,283 a year.
The calculator's FHA and conventional loan limits are those of all of Midland County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Midland. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $7,137 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,803
at 7.18% · 30 years
Loan amount
$200,206
Total interest
$288,050
Paid off in
November 2056
Includes $3,443 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,711 a month
Tight
$1,711 to $2,200 a month
Your payment · 30%
Hard
more than $2,200 a month
Compared with the typical household income in Midland ($73,325 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,356
Property tax
$272
Home insurance
$85
FHA mortgage insurance (MIP)
$90
You need at least $7,137 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,803; principal and interest $1,356.
The city and its county
Midland and Midland County
Midland is in Midland County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Midland
Map of Midland County, Michigan, with Midland marked. Around it, the neighboring counties.
Midland
Midland County
Other cities with a page
Midland's own numbers
Typical home value
$203,900
Typical monthly rent
$1,048
Typical yearly household income
$73,325
Households that own their home
67%
Effective property tax rate
1.6%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Midland County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,205
Price change over 5 years (FHFA)
+58%
Homes in a high flood-risk zone
1.6%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Midland County.
A typical home in Midland is worth $203,900: 4% above the county and 12% below Michigan. With the typical household income in Midland ($73,325 a year), a typical home costs 2.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Midland2.8 years
County2.5 years
Michigan3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Midland County
According to FHFA’s house price index, home prices in Midland County rose 86% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Midland County.
Yearly change in FHFA’s price index in Midland County, 2016 to 2025
2016: +0.5% +0.5% 2016
2017: +3.3% +3.3% 2017
2018: +4.1% +4.1% 2018
2019: +5.4% +5.4% 2019
2020: +3.3% +3.3% 2020
2021: +10.7% +10.7% 2021
2022: +17.0% +17.0% 2022
2023: +8.2% +8.2% 2023
2024: +6.4% +6.4% 2024
2025: +6.0% +6.0% 2025
Change in FHFA’s price index in Midland County, Michigan and the United States
Period
County
Michigan
U.S.
Last year (2025)
+6.0%
+4.7%
+2.9%
5 years (2020–2025)
+58%
+52%
+47%
10 years (2015–2025)
+86%
+97%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Midland next to Midland County, Michigan and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Midland$203,900
County$195,400
Michigan$231,600
United States$332,700
Typical monthly rent
Midland$1,048
County$1,016
Michigan$1,129
United States$1,413
Typical yearly household income
Midland$73,325
County$77,705
Michigan$72,875
United States$80,734
See the full table
Midland next to Midland County and Michigan
Measure
Midland
Midland County
Michigan
U.S.
Typical home value
$203,900 ▲4% above the county
$195,400
$231,600
$332,700
Typical monthly rent
$1,048 ▲3% above the county
$1,016
$1,129
$1,413
Typical yearly household income
$73,325 ▼6% below the county
$77,705
$72,875
$80,734
Households that own their home
67% ▼11 points below the county
78%
73%
65%
Typical yearly property tax
$3,257 ▲13% above the county
$2,875
$2,904
$3,119
Effective property tax rate
1.6% ▲0.13 points above the county
1.47%
1.25%
0.94%
Renters with high rent for their income
50% ▼1 points below the county
51%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Midland County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Midland
For a typical $203,900 home in Midland, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Midland's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,803a month
Least cash to close
Down payment
$7,137
Cash to close
$13,254
Rate
7.18%
Mortgage insurance
FHA MIP · $90
Conventional, 5% down$1,766a month
Down payment
$10,195
Cash to close
$16,312
Rate
7.18%
Mortgage insurance
PMI · $97
Conventional, 20% down, no PMI$1,462a month
Down payment
$40,780
Cash to close
$46,897
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,650a month
Down payment
$30,585
Cash to close
$36,702
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Midland
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,803
$7,137
$200,207
7.18%
FHA MIP · $90
$13,254
580
Conventional, 5% down
$1,766
$10,195
$193,705
7.18%
PMI · $97
$16,312
620*
Conventional, 20% down, no PMI
$1,462
$40,780
$163,120
7.18%
None
$46,897
620*
ITIN, 15% down (example)
$1,650
$30,585
$173,315
8.18%
None
$36,702
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Midland is $1,048 a month: 3% above the county. In Midland, 50% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Midland County, by unit size. To pay the 2-bedroom one ($1,205 a month) without spending more than 30% of your income, you would need to earn $23.17 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Midland County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$920
$17.69
$36,800
1 bedroom
$936
$18.00
$37,440
2 bedrooms
$1,205
$23.17
$48,200
3 bedrooms
$1,498
$28.81
$59,920
4 bedrooms
$1,790
$34.42
$71,600
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Midland
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Midland has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,150 in 48640 to $1,360 in 48642.
1 of the 2 is above the fair market rent for Midland County ($1,205).
Fair market rent by ZIP code and size in Midland, fiscal year 2027.
48640
$880
$890
$1,150
$1,430
$1,710
48642
$1,040
$1,060
$1,360
$1,700
$2,020
ZIP code2 bd3 bd
48640 $1,150$1,430
48642 $1,360$1,700
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Midland when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 13 buildings with rents for lower incomes in Midland. These are the largest.
Greenhill1010 Eastlawn Dr, Midland 48642214 low-income homes · For families(989) 832-3786
Charter Square6102 Jefferson Ave, Midland 48640152 low-income homes · For older adults(989) 832-3173
Village at Joseph's Run500 Village W, Midland 48642128 low-income homes · 2 bd: 64 · 3 bd: 64 · In service since 2003 · For people with disabilities, families
Bracken Woods5301 Dublin Ave, Midland 48640104 homes, 103 low-income · 1 bd: 8 · 2 bd: 56 · 3 bd: 40 · In service since 1995
Cleveland Manor II2200 Cleveland Ave, Midland 4864091 low-income homes · For older adults(989) 631-6480
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Midland County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Midland or Midland County. The ones below are statewide in Michigan: they work in Midland the same as in the rest of the state.
Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it.Offered by Michigan State Housing Development Authority (MSHDA).
Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy.Offered by Michigan State Housing Development Authority (MSHDA).
No legal help resource on our list is for Midland or Midland County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Midland and all of Midland County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Midland?
The typical home value in Midland is $203,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Midland County it is $195,400.
How much does it cost to rent in Midland?
Typical rent in Midland is $1,048 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Midland County is $1,205.
What is the FHA loan limit in Midland?
Midland uses the FHA limit for all of Midland County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Midland?
The typical homeowner in Midland pays $3,257 a year, according to the U.S. Census Bureau. That is 1.6% of the home’s value; in Midland County, the rate is 1.47%.
Where can I find free help to buy or rent in Midland?
We found no HUD-approved counseling agencies with an office in Midland County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
