Midland, MI 48640 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Midland, MI — 48640
Market Hotness
96
Hotness Rank
#210
Hotness Score
96
Supply Score
93
Demand Score
98
DOM vs US
-25.8%
Faster
Price vs US
67%
Below avg
Median Listing Price
$289K
Population
32,492
Households
37,160
Median Days on Market
27
Active Listings
48
New Listings
50
Housing Market
Pricing
Median Listing Price
$289K
-31.5% YoY
Average Listing Price
$391K
-37.8% YoY
Price per Sq Ft
$174
-12.0% YoY
Median Sq Ft
1,901
-12.6% YoY
Inventory
Active Listings
48
+4.4% YoY
New Listings
50
+13.6% YoY
Total Listings
115
+23.0% YoY
Buyer Competition
Pending Listings
67
+36.7% YoY
Pending Ratio
1.41
+33.4% YoY
Median Days on Market
27
-24.8% YoY
Price Reduced
13.0%
+5.6% YoY
Units & Occupancy
2024 Occupancy
37K
units
Occupied
34,993
94.2%
Vacant
2,167
5.8%
2024 Tenure
35K
occupied
Owner
27,322
78.1%
Renter
7,671
21.9%
Renter Share
21.9%
+0.8% YoY
Total Housing Units
37,160
+0.3% YoY
FY2026 Fair Market Rent — Midland County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$907
/month
1 BR
$925
/month
2 BR
$1,193
/month
3 BR
$1,518
/month
4 BR
$1,682
/month
FMR Trends — Midland County
Source: HUD Fair Market Rents
Demographics
Median Age
41.8
2024
Population
ZIP Population
32,492
-0.4% YoY
Midland County Population
84,022
0.0% YoY
Households
Total Households
34,993
+1.1% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.36
-0.8% YoY
Age
2024 Age Mix
84K
residents
Under 18
17,545
20.9%
Adults 18–64
49,289
58.8%
65 & Over
16,923
20.2%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
17,545
-0.9% YoY
Population 65 & Over
16,923
+2.4% YoY
Median Age
41.80
0.0% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
90.0%
Moved (within US)
9.9%
Other
0.1%
Veterans
7.0%
+1.4% YoY
Economy
Income
Median Household Income
$78K
+0.2% YoY
Per-Capita Income
$44K
+2.1% YoY
Mean Household Income
$104K
+1.8% YoY
Poverty
Below Poverty Level
10.7%
-1.8% YoY
Transportation to Work
2023 Commute Mode
of workers
Drove alone
79.0%
Public transit
0.4%
Worked from home
10.9%
Other
9.7%
Worked From Home
12.0%
+10.1% YoY
Mean Commute
23.70
-2.9% YoY
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