Midland, MI Real Estate
According to census data in the year 2000 there were 17,748 housing units in Midland.
This represents a 14.9% growth from 15,447 in 1990.
Of those housing units, 17,524 were located in either urbanized areas or urban clusters, and 224 were located in what is classified as a rural area.
Homeownership rate in Midland is about 69.6%.
Midland's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Midland were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 11% |
| Two Bedrooms | 24.70% |
| Three Bedrooms | 38.20% |
| Four Bedrooms | 20.80% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $114,400 |
| Median Price asked for vacant units | $96,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $602 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 4% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 56.10% |
| Debt Free | 31.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
