Sep 2026
$252K
+0.5% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Midland, MI housing market
Midland, MI metro median sale price $252K in Sep 2026, up 0.5% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in the Midland, MI metro is $252K as of Sep 2026, up 0.5% from a year earlier. The gain is smaller than in most of the 383 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro shows a larger change, up 3.5% through Q2 2026, 3.0 points apart; Price reconciliation below shows both.
On median sale price, Midland ($252K) ranks 9th of the 15 Michigan metros Pecan Street tracks, between Muskegon ($270K) and Lansing ($252K). On median days on market, Midland (43 days) ranks 13th of the 15 Michigan metros, between Kalamazoo (43 days) and Grand Rapids (42 days). On share of listings with a price cut, Midland (58%) ranks 2nd of the 15 Michigan metros, between Bay City (59%) and Flint (57%).
Listings spent a median 43 days on market in Sep 2026, fewer than in most of the 385 metros. 58% of active listings carry a price cut, 7.7 points more than a year earlier. That share is the 5th-highest of the 385 metros.
At the 7.29% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,383 a month; at 28% of gross income, that takes about $59K a year. The median sale price equals about 14 years of HUD Fair Market Rent, a ratio up 1.8% from a year earlier. That ratio is lower than in most of the 373 metros. Active listings ask a median $174 per square foot, down 7.9% from a year earlier.
Median list prices are lower than a year earlier in both ZIP codes in the table below.
Headline
Oct 15, 2026
7.29%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,383/mo
$59K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Midland compares to other U.S. metros
| Price cuts | ↑5th of 385 (top 2%) |
|---|---|
| Days on market | ↓340th of 385 |
| Price-to-rent | ↓265th of 373 |
| Home-price growth | ↓258th of 383 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 14 +1.8% YoY ↓265th of 373 |
|---|---|
| Asking price / sq ft | $174 -7.9% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 58% +7.7 pts YoY ↑5th of 385 (top 2%) |
|---|
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 2 shown of 5 |
|---|---|
| MLS board of record | — |
| Price methodology | Redfin vs FHFA HPI |
| Data as of | Sep 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
amber · 3.0ppRedfin (metro) +0.5% | FHFA HPI · Q2 2026 +3.5% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in MI
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 48640 | $318K↓ | 68↑ | 46↑ | 28↑ | 45↓ | $249K↑ |
| 48642 | $414K↓ | 91↑ | 46↑ | 60↑ | 44 | $257K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.