Midland, MI home prices
Typical home $245,091 · +9.1% in a year · income needed $74,700
The Midland, MI metro area ranks 470 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +9.1% in a year and +31.6% over five years. With 20% down at 7.11%, the typical home costs about $1,742 a month including 1.47% property tax (Midland County rate).
Mortgage on the typical Midland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $49,018 | $196,073 | $1,319 | $0 | $423 | $1,742 | $74,700 |
| 10% down | $24,509 | $220,582 | $1,484 | $92 | $423 | $1,999 | $85,700 |
| 5% down | $12,255 | $232,836 | $1,566 | $97 | $423 | $2,086 | $89,400 |
| 3.5% down (FHA) | $8,578 | $240,652 | $1,619 | $108 | $423 | $2,150 | $92,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.47% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Midland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Midland County, MI | $245,098 | +9.1% | 1.47% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Midland?
The typical home in the Midland, MI metro area is worth $245,091 (Zillow, September 2026).
What salary do you need to buy a house in Midland?
About $74,700 a year for the typical home with 20% down at 7.11%.