Mortgage payment estimates, closing cost breakdowns, and homebuying data for Midland, Michigan.
Pre-filled with Midland median home price and Michigan tax/insurance rates. Adjust for your property.
Estimated closing costs based on Michigan rates and fees applied to Midland prices.
The median home price in Midland is $215,000, 10% below the Michigan state median of $240,000. With a population of 42,042, Midland is a smaller market where home prices tend to be more accessible than in many parts of Michigan.
Property taxes in Michigan average 1.54% annually. This higher-than-average tax rate means a $215,000 home in Midland would carry roughly $276/month in property taxes alone — plan accordingly. Homeowners insurance in Michigan runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Midland is $1,020/month. The price-to-rent ratio in Midland is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Midland offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Michigan's MSHDA DPA program.