Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$245,091+9.1% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$53,131About 0.7× the local median income ($78,615): affordable for a typical household
Days on market45 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+3.2%Zillow expects prices to rise slightly
The typical home in Midland, MI is worth $245,091, up 9.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $206,708, so the area is 18.6% overvalued. It is a balanced market: homes take about 45 days to sell, listings are up 37% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 3.2% over the next year. A household needs about $53,131 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,615. Typical rent is $1,382 a month, or $1,753 for a house. In the latest IRS figures, 86 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$245,091
Change in 1 year
+9.1%
Overvalued %
+18.6%
Show 7 more
Fair home value
$206,708
Change in 5 years
+31.6%
Zillow forecast, next 12 months
+3.2%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$1,328
Income needed to afford it
$53,131
Property tax rate
1.47%
Rent and investing
Typical rent
$1,382
Typical rent for houses
$1,753
Price-to-rent ratio
14.8×
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HUD Fair Market Rent, 2 bedrooms
$1,205
Gross rental yield
6.77%
Cap rate (estimate)
4.40%
Market activity
Listings vs a year ago
+36.8%
Days on market
45
Listings with a price cut
26.2%
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Homes for sale
212
Pending sales per 100 listings
58
Asking price per sq ft
$169
People and jobs
Median household income
$78,615
Population change (1 year)
−0.0%
Unemployment rate
4.4%
Show 4 more
Population
83,754
Income adjusted for cost of living
$85,544
Net moves in (IRS)
+86
Cost of living (US = 100)
91.9
Schools, risk and environment
School rating (1 to 10)
7.5
FEMA hazard risk score (0 to 100)
71.9
Flood risk score
76.9
Show 3 more
Wildfire risk score
32.6
Walkability (1 to 20)
5.9
Road, rail and air noise
55 dB
Questions people ask
Is Midland, MI overvalued?
Home prices in Midland, MI are well above what local incomes have historically supported: fair value is about $206,708, so the area is 18.6% overvalued.
Is Midland, MI a buyer's or seller's market?
Midland, MI is a balanced market: homes take about 45 days to sell, listings are up 37% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Midland, MI?
Home values in Midland, MI are up 9.1% over the last year. Zillow's forecast for the next 12 months is +3.2%.
How much do you need to earn to buy a home in Midland, MI?
A household needs about $53,131 a year to afford the typical home in Midland, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,615.