Zip 48640 (Midland, MI) Housing

The housing market in Midland, MI (48640) is thriving. The median value of houses in the area is $180,900 which is significantly lower than the national median of $338,100. This makes it an attractive option for those looking to buy a home at an affordable price. Moreover, the 1 year appreciation rate here stands at 9.86%, which is higher than the national average of 8.27%. All these factors make Midland an ideal choice for those making a real estate investment or looking to purchase a new home.

The median home cost in Midland (zip 48640) is $180,900. Home appreciation the last 10 years has been 76.0%. Home Appreciation in Midland (zip 48640) is up 15.7%.

Average Age of Homes

- The median age of Midland (zip 48640) real estate is 45 years old

The Rental Market in Midland (zip 48640)

- Renters make up 24.9% of the Midland (zip 48640) population
- 1.0% of houses and apartments in Midland (zip 48640), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Midland, Michigan	United States
	14,083.0	139,647,020.0
	49	42
	$180,900	$338,100
	15.7%	16.6%
	57.6%	57.0%
	76.0%	101.1%
	$17.09	$10.98
	$2,724	$2,690
	68.8%	57.4%
	6.9%	11.2%
	24.3%	31.4%
Vacant Housing
	1.0%	1.9%
	0.3%	0.4%
	0.2%	0.7%
	0.6%	0.4%
	2.3%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	1.4%	2.4%
	2.3%	2.8%
	6.4%	3.9%
	10.8%	4.5%
	22.5%	11.3%
	22.0%	13.0%
	21.7%	20.1%
	7.5%	13.6%
	1.5%	8.3%
	1.5%	9.7%
	0.1%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	6.5%	13.6%
	6.5%	13.6%
	14.5%	13.6%
	11.0%	13.2%
	18.8%	14.8%
	14.5%	13.6%
	13.0%	10.0%
	5.2%	4.7%
	10.2%	12.2%

Reviews for Midland

See all (0)

Write a Review

Start Your Review of Midland

Commute

The premier source for comprehensive city data for over 30 years.