Midland County, Michigan Housing Market Prices
Midland County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 14% above the Michigan median$157,692
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Median rent 10% below the Michigan median More expensive than 77% of counties in Michigan$1,016
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Midland County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $157,692 | $138,713 | $248,835 |
| Price Trend (Annual %) | 10.3% | 8.6% | 7.5% |
| Median Gross Rent | $1,016 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Midland County is about 14% higher than in Michigan. Rent is about 10% lower than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Midland County, up about 10.3% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Midland County rose about 39.9% between 2015 and 2024, from $726 to $1,016. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 2.0 yearly household incomes in Midland County.
Buying the median-priced home in Midland County costs roughly 12.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Midland County. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Midland County | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $157,692 | $138,713 | $248,835 |
| Median Household Income | $78,496 | $72,977 | $80,455 |
| Price-to-Income Ratio | 2.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Midland County rose about 113.3%, while median household income rose about 49.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Midland County | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 73.5% | 64.6% | 58.5% |
| Rental Rate | 20.6% | 23.6% | 31.2% |
| Vacancy Rate | 5.8% | 11.8% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Midland County has a homeownership rate of 73.5%, higher than the Michigan average of 64.6%. Its housing vacancy rate is 5.8%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Midland County | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1979 | 1972 | 1978 |
| Median Number of Rooms | 6.1 | 5.9 | 5.5 |
The typical housing unit in Midland County was built around 1979. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 16.0 years on average.
Midland County, MI Housing Compared With Nearby Counties
Midland County, MI is the 3rd largest of the 5 counties compared here, 83,757 residents against a local median of 72,199. Midland County, MI's median home price, at $157,692, runs 60% above the $98,415 typical of the counties around it.
Median rent tells the same story from another angle: $1,016 against a local median of $847, 20% above it. The counties themselves sit within $9,508 of each other on median home price, a tighter band than the gap between any of them and Midland County, MI, which makes it a genuine outlier here rather than one end of a wide local spread. Midland County, MI has the highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Midland County, MI | 83,757 | $157,692 #1/5 | $1,016 #1/5 | 78.1% #3/5 |
| Gladwin County, MI | 25,693 | $98,213 | $689 | 86.1% |
| Gratiot County, MI | 41,391 | $98,617 | $834 | 78.9% |
| Bay County, MI | 103,008 | $104,654 | $860 | 77.0% |
| Saginaw County, MI | 188,665 | $95,147 | $947 | 74.1% |
Frequently Asked Questions
Common questions about the housing market in Midland County, Michigan.
What is the median home price in Midland County, Michigan?
The median home price in Midland County, Michigan is $157,692, higher than the Michigan average of $138,713.
What is the average home price in Midland County, Michigan?
The typical home price in Midland County, Michigan, reported as the median sale price, is $157,692. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Midland County, Michigan?
The median gross rent in Midland County, Michigan is $1,016 per month, lower than the Michigan average of $1,129.
What was the median gross rent in Midland County in 2020?
In 2020, the median gross rent in Midland County, Michigan was $807 per month.
What is the price-to-rent ratio in Midland County, Michigan?
The price-to-rent ratio in Midland County, Michigan is about 12.9, meaning it would take roughly 12.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Midland County.
Are home prices or rent rising faster in Midland County, Michigan?
Both home prices and rent are rising in Midland County, up about 10.3% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Midland County, Michigan?
73.5% of households in Midland County, Michigan own their home, higher than the Michigan average of 64.6%.
What is the vacancy rate in Midland County, Michigan?
The housing vacancy rate in Midland County, Michigan is 5.8%, lower than the Michigan average of 11.8%.
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