MIDLAND Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Midland averaged 7.1% for the week of 2024-05-23, compared to the national average of 6.94% for the same period.

The average rate for the prior week (2024-05-16) was 7.28% and one month ago for the week of 2024-04-18, the average rate was 7.26%.

Midland's average rate one year ago was 6.35%.

For refis of the same type during the week of 2024-05-23, the average rate was 7.24%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-05-23 6.94%
Midland 30 Year Fixed Rate 2024-05-23 7.1%
Midland 30 Year Fixed Rate Refi 2024-05-23 7.24%
Midland 15 Year Fixed Rate 2024-05-23 6.34%
Midland 15 Year Fixed Rate Refi 2024-05-23 6.54%
Midland 30 Year FHA 2024-05-23 6.96%
Midland 30 Year FHA Refi 2024-05-23 6.55%
Midland 30 Year USDA 2024-05-23 6.84%
Midland 30 Year USDA Refi 2024-05-23 6.84%
Midland 30 Year VA 2024-05-23 6.47%
Midland 30 Year VA Refi 2024-05-23 6.57%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within MIDLAND, MI.

MIDLAND Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the MIDLAND, MI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DOW CHEMICAL EMPLOYEES' 98 7.51% $3,261
QUICKEN LOANS, LLC 82 6.73% $5,392
UNITED WHOLESALE MORTGAGE, LLC 45 7.13% $4,882
FIRST COMMUNITY MORTGAGE, INC. 39 6.98% $4,869
The Huntington National Bank 32 6.82% $3,535
STAUNTON FINANCIAL, INC. 32 6.77% $3,867
Wildfire Credit Union 31 6.30% $2,430
Frankenmuth Credit Union 28 6.93% $1,854
CARDINAL FINANCIAL 24 7.23% $4,766
Isabella Bank 19 6.40% $2,703
1st State Financial, Ltd. 16 6.39% $2,961
Mercantile Bank of Michigan 13 6.58% $3,681
Independent Bank 13 6.91% $3,025
ACADEMY MORTGAGE CORPORATION 13 7.08% $5,085
GENEVA FINANCIAL, LLC 8 7.31% $5,286
The Dart Bank 8 7.12% $3,501
CROSSCOUNTRY MORTGAGE, LLC 7 7.55% $5,343
MICHIGAN MUTUAL, INC. 7 6.87% $5,466
MEMBERS FIRST Credit Union 7 6.70% $2,255
MORTGAGE 1 INCORPORATED 6 6.64% $5,110
Horizon Bank 6 7.40% $2,950
MORTGAGE CENTER L.C 5 5.60% $2,987
Fifth Third Bank 5 6.32% $2,789
GVC MORTGAGE, INC. 5 7.39% $3,718
Flagstar Bank, FSB 5 6.75% $6,468
JPMorgan Chase Bank 5 7.22% $4,136
Preston Home Loans Inc 5 6.62% $5,004
LAKE MICHIGAN CREDIT UNION 5 6.65% $2,974
UNION HOME MORTGAGE CORP. 4 7.09% $5,337
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION 4 6.59% $3,485
LOANDEPOT.COM, LLC 4 7.28% $5,206
MICHIGAN SCHOOLS AND GOVERNMENT 4 6.50% $3,290
Bank of America 3 6.04% $4,847
NAVY FEDERAL CREDIT UNION 3 7.88% $4,737
CANOPY MORTGAGE, LLC 3 7.66% $4,155
BLG HOLDINGS, INC. 3 7.38% $6,285
Neighborhood Loans, Inc. 3 6.71% $4,869
FINANCIAL PLUS CREDIT UNION 3 6.46% $2,815
J. VIRGIL, INC. 3 6.91% $5,476
DFCU FINANCIAL 2 6.63% $4,687
AMERISAVE MORTGAGE CORPORATION 2 7.38% $5,279
CALIBER HOME LOANS, INC. 2 6.50% $4,976
Comerica Bank 2 7.38% $3,372
ENVOY MORTGAGE, LTD 2 6.06% $7,767
GENISYS 2 6.81% $2,834
PNC Bank 2 6.63% $3,081
SUCCESS MORTGAGE PARTNERS, INC. 2 6.75% $4,322
ZILLOW HOME LOANS, LLC 2 7.75% $5,530
GUARANTEED RATE, INC. 1 5.90% $4,071
GUARANTEED RATE AFFINITY, LLC 1 7.13% $0
GreenStone Farm Credit Services, FLCA 1 8.25% $3,947
Johnson Bank 1 6.40% $4,892
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.38% $3,637
FREEDOM MORTGAGE CORPORATION 1 7.50% $6,378
FinancialEdge Community Credit Union 1 6.75% $2,551
LEADERONE FINANCIAL CORPORATION 1 6.75% $3,391
LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $12,197
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.49% $4,701
MEMBER FIRST MORTGAGE, LLC 1 7.63% $4,655
Equity Prime Mortgage LLC 1 7.25% $3,436
EMM LOANS LLC 1 7.50% $6,779
MERCK SHARP & DOHME FEDERAL CREDIT UNION 1 6.88% $4,770
Discover Bank 1 7.49% $0
DELMAR FINANCIAL COMPANY 1 7.63% $4,323
Deere Employees Credit Union 1 6.38% $4,288
Morgan Stanley Private Bank 1 5.65% $2,873
DAS Acquisition Company, LLC 1 7.50% $9,666
Cornerstone First Mortgage, Inc 1 6.62% $4,386
Mortgage Research Center, LLC 1 6.13% $3,815
Mr. Cooper ( Nationstar Mortgage ) 1 7.63% $7,931
MUTUAL OF OMAHA MORTGAGE, INC. 1 7.50% $10,512
CONSUMERS 1 7.25% $3,628
Citizens Bank 1 6.88% $3,636
NexBank 1 7.38% $2,111
NFM, INC. 1 6.88% $5,403
Northpointe Bank 1 7.49% $3,608
Oakstar Bank 1 6.99% $9,657
OCMBC, INC. 1 8.13% $9,653
PENNYMAC LOAN SERVICES, LLC 1 5.62% $25,419
PENTAGON FEDERAL CREDIT UNION 1 5.88% $5,004
PLAZA HOME MORTGAGE, INC. 1 7.50% $4,196
Wells Fargo Bank 1 6.00% $5,267
PREMIA MORTGAGE, LLC 1 6.33% $0
CHURCHILL MORTGAGE CORPORATION 1 5.88% $2,889
Prosperity Home Mortgage, LLC 1 6.75% $4,017
BM Real Estate Services, Inc. 1 8.13% $4,988
ROSS MORTGAGE CORPORATION 1 7.99% $3,922
BMO Harris Bank 1 6.88% $3,894
Stifel Bank and Trust 1 6.25% $3,093
21ST MORTGAGE CORPORATION 1 10.20% $3,897
TEAM ONE CREDIT UNION 1 7.75% $0
Auto Club Trust, FSB 1 6.50% $3,051
The Federal Savings Bank 1 7.63% $8,417
American Mortgage & Equity Consultants, Inc. 1 6.75% $4,365
TOP FLITE FINANCIAL, INC. 1 6.38% $8,043
Truist 1 6.38% $5,257
UIF CORPORATION 1 7.50% $3,148
Ally Bank 1 5.63% $4,479
UNITED 1 8.25% $3,803
AAC Credit Union 1 6.50% $2,935
GUILD MORTGAGE COMPANY 1 7.88% $4,462
HEALTH ADVANTAGE FEDERAL CREDIT UNION 1 7.50% $4,069
HOMESTAR FINANCIAL CORPORATION 1 6.13% $5,370

MIDLAND Average Closing Costs & Other Stats

MIDLAND, MI's 103 lenders originated 1,544 loans during 2023. The total origination value was $272,570,000, with an average loan value of $176,535.

MIDLAND's average closing costs are $3,804.

The top MIDLAND lender as defined by loan originations is DOW CHEMICAL EMPLOYEES', with 98 loans originated. Their average total fees are $3,261, which is $2,132 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee MIDLAND lenders (with over 10 loans originated) are Frankenmuth Credit Union ($1,854), Wildfire Credit Union ($2,430), Isabella Bank ($2,703), 1st State Financial, Ltd. ($2,961) and Independent Bank ($3,025).

The lowest rate MIDLAND lenders (with over 10 loans originated) are Wildfire Credit Union (6.30%), 1st State Financial, Ltd. (6.39%), Isabella Bank (6.40%), Mercantile Bank of Michigan (6.58%) and QUICKEN LOANS, LLC (6.73%).

MIDLAND, MI Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
DOW CHEMICAL EMPLOYEES' $53,675,000 $29,655,000 -44.8% 10.9%
QUICKEN LOANS, LLC $32,250,000 $25,825,000 -19.9% 9.5%
The Huntington National Bank $23,520,000 $17,410,000 -26.0% 6.4%
UNITED WHOLESALE MORTGAGE, LLC $14,380,000 $13,855,000 -3.7% 5.1%
Isabella Bank $22,815,000 $13,295,000 -41.7% 4.9%
Frankenmuth Credit Union $16,535,000 $13,190,000 -20.2% 4.8%
FIRST COMMUNITY MORTGAGE, INC. $210,000 $13,180,000 6,176.2% 4.8%
STAUNTON FINANCIAL, INC. $6,665,000 $8,385,000 25.8% 3.1%
CARDINAL FINANCIAL $23,790,000 $7,675,000 -67.7% 2.8%
Wildfire Credit Union $15,450,000 $7,595,000 -50.8% 2.8%
ACADEMY MORTGAGE CORPORATION $18,500,000 $7,270,000 -60.7% 2.7%
The Dart Bank $6,045,000 $6,520,000 7.9% 2.4%
Horizon Bank $13,100,000 $6,450,000 -50.8% 2.4%
1st State Financial, Ltd. $7,305,000 $5,640,000 -22.8% 2.1%
Mortgage Research Center, LLC $7,505,000 $5,025,000 -33.0% 1.8%
Mercantile Bank of Michigan $16,650,000 $4,555,000 -72.6% 1.7%
Independent Bank $7,425,000 $3,710,000 -50.0% 1.4%
PENNYMAC LOAN SERVICES, LLC $2,210,000 $3,230,000 46.2% 1.2%
MEMBERS FIRST Credit Union $9,740,000 $2,600,000 -73.3% 1.0%
RiverHills Bank $2,125,000 n/a 0.8%
JOLT CREDIT UNION $2,625,000 $2,050,000 -21.9% 0.8%
LAKE MICHIGAN CREDIT UNION $4,900,000 $1,950,000 -60.2% 0.7%
GENEVA FINANCIAL, LLC $3,240,000 $1,910,000 -41.0% 0.7%
CROSSCOUNTRY MORTGAGE, LLC $735,000 $1,900,000 158.5% 0.7%
NAVY FEDERAL CREDIT UNION $3,155,000 $1,870,000 -40.7% 0.7%
GreenStone Farm Credit Services, FLCA $550,000 $1,860,000 238.2% 0.7%
Fifth Third Bank $4,235,000 $1,845,000 -56.4% 0.7%
PNC Bank $4,045,000 $1,845,000 -54.4% 0.7%
MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION $2,045,000 $1,645,000 -19.6% 0.6%
MICHIGAN MUTUAL, INC. $1,000,000 $1,590,000 59.0% 0.6%
JPMorgan Chase Bank $2,750,000 $1,525,000 -44.5% 0.6%
MORTGAGE 1 INCORPORATED $875,000 $1,515,000 73.1% 0.6%
FREEDOM MORTGAGE CORPORATION $2,825,000 $1,410,000 -50.1% 0.5%
USAA Federal Savings Bank $1,020,000 $1,340,000 31.4% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $2,090,000 $1,325,000 -36.6% 0.5%
NEW DAY FINANCIAL, LLC $770,000 $1,310,000 70.1% 0.5%
Neighborhood Loans, Inc. $430,000 $1,305,000 203.5% 0.5%
Flagstar Bank, FSB $1,870,000 $1,135,000 -39.3% 0.4%
AMERISAVE MORTGAGE CORPORATION $2,275,000 $1,120,000 -50.8% 0.4%
GVC MORTGAGE, INC. $1,040,000 $1,075,000 3.4% 0.4%
UNION HOME MORTGAGE CORP. $1,190,000 $1,070,000 -10.1% 0.4%
ROSS MORTGAGE CORPORATION $810,000 $985,000 21.6% 0.4%
J. VIRGIL, INC. $1,755,000 $980,000 -44.2% 0.4%
Bank of America $1,315,000 $935,000 -28.9% 0.3%
Preston Home Loans Inc $1,015,000 $920,000 -9.4% 0.3%
CREDIT UNION ONE $820,000 $915,000 11.6% 0.3%
MICHIGAN SCHOOLS AND GOVERNMENT $260,000 $890,000 242.3% 0.3%
NEWREZ LLC $930,000 $840,000 -9.7% 0.3%
21ST MORTGAGE CORPORATION $995,000 $800,000 -19.6% 0.3%
Comerica Bank $1,060,000 $790,000 -25.5% 0.3%
LOANDEPOT.COM, LLC $2,615,000 $785,000 -70.0% 0.3%
DFCU FINANCIAL $385,000 $755,000 96.1% 0.3%
FINANCIAL PLUS CREDIT UNION $555,000 $710,000 27.9% 0.3%
The Federal Savings Bank $925,000 $695,000 -24.9% 0.3%
PREMIA MORTGAGE, LLC $670,000 n/a 0.2%
First Independence Bank $660,000 n/a 0.2%
American Mortgage & Equity Consultants, Inc. $285,000 $645,000 126.3% 0.2%
CALIBER HOME LOANS, INC. $2,255,000 $640,000 -71.6% 0.2%
BLG HOLDINGS, INC. $395,000 $635,000 60.8% 0.2%
GUARANTEED RATE AFFINITY, LLC $630,000 n/a 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $805,000 $610,000 -24.2% 0.2%
MORTGAGE CENTER L.C $375,000 $595,000 58.7% 0.2%
Oakstar Bank $595,000 n/a 0.2%
BMO Harris Bank $585,000 n/a 0.2%
HOMESTAR FINANCIAL CORPORATION $580,000 n/a 0.2%
United Bay Community Credit Union $635,000 $570,000 -10.2% 0.2%
Discover Bank $265,000 $550,000 107.5% 0.2%
MOVEMENT MORTGAGE, LLC $540,000 n/a 0.2%
CANOPY MORTGAGE, LLC $235,000 $535,000 127.7% 0.2%
Northpointe Bank $725,000 $530,000 -26.9% 0.2%
UNITED FINANCIAL Credit Union $945,000 $525,000 -44.4% 0.2%
GUARANTEED RATE, INC. $855,000 $495,000 -42.1% 0.2%
UNITED $485,000 n/a 0.2%
DAS Acquisition Company, LLC $480,000 n/a 0.2%
PENTAGON FEDERAL CREDIT UNION $135,000 $480,000 255.6% 0.2%
ENVOY MORTGAGE, LTD $3,375,000 $470,000 -86.1% 0.2%
Citizens Bank $990,000 $465,000 -53.0% 0.2%
MERCK SHARP & DOHME FEDERAL CREDIT UNION $465,000 n/a 0.2%
Wells Fargo Bank $3,840,000 $460,000 -88.0% 0.2%
First Savings Bank $295,000 $455,000 54.2% 0.2%
Stifel Bank and Trust $455,000 n/a 0.2%
LENDINGONE, LLC $435,000 n/a 0.2%
ALLIANT CREDIT UNION $415,000 n/a 0.2%
AMERICAN FINANCIAL NETWORK, INC. $405,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $530,000 $405,000 -23.6% 0.1%
GENISYS $85,000 $390,000 358.8% 0.1%
VILLAGE CAPITAL MORTGAGE $345,000 $390,000 13.0% 0.1%
AMERICAN FINANCING CORPORATION $455,000 $375,000 -17.6% 0.1%
Deere Employees Credit Union $375,000 n/a 0.1%
OCMBC, INC. $360,000 n/a 0.1%
BM Real Estate Services, Inc. $280,000 $345,000 23.2% 0.1%
Prosperity Home Mortgage, LLC $345,000 n/a 0.1%
Sunflower Bank $345,000 n/a 0.1%
ZILLOW HOME LOANS, LLC $330,000 n/a 0.1%
CONSUMERS $315,000 n/a 0.1%
LENDINGHOME FUNDING CORPORATION $315,000 $310,000 -1.6% 0.1%
Carrington Mortgage Services, LLC $335,000 $300,000 -10.4% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $105,000 $295,000 181.0% 0.1%
MEMBER FIRST MORTGAGE, LLC $425,000 $290,000 -31.8% 0.1%
SUCCESS MORTGAGE PARTNERS, INC. $245,000 $290,000 18.4% 0.1%
Lake Huron Credit Union $285,000 n/a 0.1%
LIBERTY HOME MORTGAGE CORPORATION $285,000 n/a 0.1%
NexBank $275,000 n/a 0.1%
UIF CORPORATION $265,000 n/a 0.1%
BNC National Bank $445,000 $255,000 -42.7% 0.1%
Figure Lending LLC $25,000 $235,000 840.0% 0.1%
West Michigan Community Bank $235,000 n/a 0.1%
HEALTH ADVANTAGE FEDERAL CREDIT UNION $360,000 $225,000 -37.5% 0.1%
TEAM ONE CREDIT UNION $450,000 $225,000 -50.0% 0.1%
FinancialEdge Community Credit Union $270,000 $220,000 -18.5% 0.1%
Capital Bank $215,000 n/a 0.1%
AAC Credit Union $205,000 n/a 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $385,000 $205,000 -46.8% 0.1%
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION $210,000 $205,000 -2.4% 0.1%
Morgan Stanley Private Bank $895,000 $205,000 -77.1% 0.1%
Truist $195,000 n/a 0.1%
Johnson Bank $185,000 n/a 0.1%
LAKEVIEW LOAN SERVICING, LLC $1,205,000 $185,000 -84.6% 0.1%
Northstar Bank $185,000 n/a 0.1%
Willamette Valley Bank $185,000 n/a 0.1%
Cornerstone First Mortgage, Inc $175,000 n/a 0.1%
Equity Prime Mortgage LLC $175,000 n/a 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $795,000 $175,000 -78.0% 0.1%
Great Lakes Federal Credit Union $170,000 n/a 0.1%
DELMAR FINANCIAL COMPANY $165,000 n/a 0.1%
GUILD MORTGAGE COMPANY $165,000 n/a 0.1%
LEADERONE FINANCIAL CORPORATION $165,000 n/a 0.1%
BROKER SOLUTIONS, INC. $1,110,000 $160,000 -85.6% 0.1%
Family First Credit Union $160,000 n/a 0.1%
Auto Club Trust, FSB $155,000 n/a 0.1%
Goldwater Bank, N.A. $105,000 $155,000 47.6% 0.1%
PLAZA HOME MORTGAGE, INC. $155,000 n/a 0.1%
LONGBRIDGE FINANCIAL, LLC $150,000 n/a 0.1%
NFM, INC. $145,000 n/a 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $2,315,000 $145,000 -93.7% 0.1%
FINANCE OF AMERICA REVERSE LLC $140,000 n/a 0.1%
CHURCHILL MORTGAGE CORPORATION $760,000 $135,000 -82.2% 0.0%
Thumb Bank and Trust $135,000 n/a 0.0%
VIBE CREDIT UNION $610,000 $130,000 -78.7% 0.0%
Ally Bank $740,000 $125,000 -83.1% 0.0%
EMM LOANS LLC $125,000 n/a 0.0%
Honor Credit Union $125,000 n/a 0.0%
SPRING EQ, LLC $150,000 $120,000 -20.0% 0.0%
U.S. Bank $1,025,000 $120,000 -88.3% 0.0%
Commercial Bank $370,000 $110,000 -70.3% 0.0%
EMBRACE HOME LOANS, INC. $645,000 $105,000 -83.7% 0.0%
Lake Trust Credit Union $35,000 $105,000 200.0% 0.0%
ROYAL UNITED MORTGAGE LLC $495,000 $105,000 -78.8% 0.0%
First State Bank $310,000 $95,000 -69.4% 0.0%
COMMUNITY CHOICE CREDIT UNION $15,000 $90,000 500.0% 0.0%
GTE Federal Credit Union $85,000 n/a 0.0%
Bank of England $175,000 $75,000 -57.1% 0.0%
The State Bank $2,025,000 $75,000 -96.3% 0.0%
Coastal Community Bank $70,000 n/a 0.0%
ELGA CREDIT UNION $135,000 $70,000 -48.1% 0.0%
Baxter Credit Union $55,000 n/a 0.0%
COPOCO Community Credit Union $120,000 $45,000 -62.5% 0.0%
SUNRISE FAMILY CREDIT UNION $235,000 $35,000 -85.1% 0.0%
Dort Financial Credit Union $35,000 $25,000 -28.6% 0.0%

MIDLAND's top lender by overall market share is DOW CHEMICAL EMPLOYEES', with 10.9% market share. In second place, with 9.5%, is QUICKEN LOANS, LLC, having originated $25,825,000 in loans. In third place, with 6.4%, is The Huntington National Bank, having originated $17,410,000 in loans. In fourth place, with 5.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $13,855,000 in loans. In fifth place, with 4.9%, is Isabella Bank, having originated $13,295,000 in loans.


MIDLAND Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - MIDLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $170,000 (20.4%) $237,977 (21.6%) 0.00 264
2018-02-01 $176,125 (21.8%) $247,667 (18.2%) 0.00 245
2018-03-01 $170,000 (13.4%) $239,527 (8.2%) 0.00 278
2018-04-01 $179,950 (7.8%) $242,963 (5.1%) 0.00 268
2018-05-01 $183,125 (4.7%) $245,799 (5.3%) 0.00 282
2018-06-01 $184,500 (4.9%) $244,265 (5.1%) 0.00 316
2018-07-01 $184,500 (11.1%) $242,422 (3.4%) 0.00 338
2018-08-01 $189,125 (14.8%) $240,418 (7.8%) 0.00 343
2018-09-01 $180,000 (6.5%) $238,401 (5.7%) 0.00 369
2018-10-01 $189,900 (13.0%) $241,864 (7.4%) 0.00 353
2018-11-01 $174,325 (0.4%) $229,588 (-1.7%) 0.00 335
2018-12-01 $175,000 (1.0%) $231,057 (-3.1%) 0.00 279
2019-01-01 $174,950 (2.9%) $230,549 (-3.1%) 0.00 242
2019-02-01 $184,919 (5.0%) $242,460 (-2.1%) 0.00 240
2019-03-01 $192,336 (13.1%) $245,927 (2.7%) 0.00 232
2019-04-01 $199,250 (10.7%) $248,438 (2.3%) 0.00 234
2019-05-01 $219,675 (20.0%) $258,446 (5.2%) 0.00 256
2019-06-01 $200,000 (8.4%) $251,455 (2.9%) 0.00 279
2019-07-01 $213,625 (15.8%) $254,787 (5.1%) 0.00 300
2019-08-01 $201,818 (6.7%) $246,928 (2.7%) 0.00 313
2019-09-01 $189,545 (5.3%) $234,824 (-1.5%) 0.00 329
2019-10-01 $183,814 (-3.2%) $226,148 (-6.5%) 0.00 338
2019-11-01 $187,900 (7.8%) $231,139 (0.7%) 0.00 314
2019-12-01 $178,725 (2.1%) $229,499 (-0.7%) 0.00 289
2020-01-01 $174,748 (-0.1%) $227,188 (-1.5%) 0.00 252
2020-02-01 $199,900 (8.1%) $251,957 (3.9%) 0.00 213
2020-03-01 $228,475 (18.8%) $271,457 (10.4%) 0.00 200
2020-04-01 $240,725 (20.8%) $280,087 (12.7%) 0.00 181
2020-05-01 $238,900 (8.8%) $285,885 (10.6%) 0.00 177
2020-06-01 $243,575 (21.8%) $292,910 (16.5%) 0.00 163
2020-07-01 $241,975 (13.3%) $279,739 (9.8%) 0.00 147
2020-08-01 $229,900 (13.9%) $278,802 (12.9%) 0.00 143
2020-09-01 $225,000 (18.7%) $281,342 (19.8%) 0.00 139
2020-10-01 $189,900 (3.3%) $247,044 (9.2%) 0.00 149
2020-11-01 $199,900 (6.4%) $260,714 (12.8%) 0.00 133
2020-12-01 $200,950 (12.4%) $259,939 (13.3%) 0.00 128
2021-01-01 $202,500 (15.9%) $280,765 (23.6%) 0.00 91
2021-02-01 $193,225 (-3.3%) $288,397 (14.5%) 0.00 76
2021-03-01 $255,975 (12.0%) $322,537 (18.8%) 0.00 79
2021-04-01 $268,725 (11.6%) $311,188 (11.1%) 0.00 85
2021-05-01 $252,500 (5.7%) $319,865 (11.9%) 0.00 102
2021-06-01 $277,000 (13.7%) $347,660 (18.7%) 0.00 105
2021-07-01 $255,900 (5.8%) $329,334 (17.7%) 0.00 126
2021-08-01 $244,200 (6.2%) $304,777 (9.3%) 0.00 118
2021-09-01 $231,175 (2.7%) $292,642 (4.0%) 0.00 106
2021-10-01 $222,000 (16.9%) $268,556 (8.7%) 0.00 108
2021-11-01 $199,425 (-0.2%) $266,664 (2.3%) 0.00 98
2021-12-01 $208,675 (3.8%) $280,370 (7.9%) 0.00 71
2022-01-01 $217,450 (7.4%) $291,050 (3.7%) 0.00 57
2022-02-01 $248,808 (28.8%) $338,163 (17.3%) 0.00 50
2022-03-01 $228,750 (-10.6%) $337,961 (4.8%) 0.00 56
2022-04-01 $264,450 (-1.6%) $332,199 (6.8%) 0.00 59
2022-05-01 $252,675 (0.1%) $323,621 (1.2%) 0.00 79
2022-06-01 $284,475 (2.7%) $327,631 (-5.8%) 0.00 93
2022-07-01 $293,500 (14.7%) $335,666 (1.9%) 0.00 96
2022-08-01 $292,450 (19.8%) $328,058 (7.6%) 0.00 102
2022-09-01 $295,200 (27.7%) $321,166 (9.8%) 0.00 95
2022-10-01 $240,000 (8.1%) $314,597 (17.1%) 0.00 110
2022-11-01 $225,000 (12.8%) $311,973 (17.0%) 0.00 99
2022-12-01 $224,900 (7.8%) $307,151 (9.6%) 0.00 79
2023-01-01 $223,575 (2.8%) $308,491 (6.0%) 0.00 58
2023-02-01 $241,475 (-3.0%) $330,429 (-2.3%) 0.00 56
2023-03-01 $227,125 (-0.7%) $340,813 (0.8%) 0.00 57
2023-04-01 $292,500 (10.6%) $341,803 (2.9%) 0.00 62
2023-05-01 $302,500 (19.7%) $337,682 (4.4%) 0.00 68
2023-06-01 $306,225 (7.7%) $337,569 (3.0%) 0.00 74
2023-07-01 $309,900 (5.6%) $342,927 (2.2%) 0.00 85
2023-08-01 $303,700 (3.9%) $336,828 (2.7%) 0.00 106
2023-09-01 $309,500 (4.8%) $332,092 (3.4%) 0.00 101
2023-10-01 $289,975 (20.8%) $321,728 (2.3%) 0.00 102
2023-11-01 $288,250 (28.1%) $318,956 (2.2%) 0.00 110
2023-12-01 $279,500 (24.3%) $312,123 (1.6%) 0.00 104
2024-01-01 $287,975 (28.8%) $335,092 (8.6%) 0.00 91
2024-02-01 $287,425 (19.0%) $334,007 (1.1%) 0.00 68
2024-03-01 $299,000 (31.7%) $334,977 (-1.7%) 0.00 73
2024-04-01 $316,250 (8.1%) $361,086 (5.6%) 0.00 79
MIDLAND's median listing price for 2024-04-01 was $316,250, a difference of $23,750 (8.1%) versus the prior year and $17,250 versus the prior month.

MIDLAND's median listing price comes in at 0% of the national average.

MIDLAND's average listing price for 2024-04-01 was $361,086, a difference of $19,283 (5.6%) versus the prior year and $26,109 versus the prior month.

For the 2024-04-01 period, MIDLAND had 79 MLS listings, a difference of 6 listings (8%) versus the prior month and 17 listings (27%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - MIDLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,795 sqft
2018-02-01 0 days 1,801 sqft
2018-03-01 0 days 1,742 sqft
2018-04-01 0 days 1,747 sqft
2018-05-01 0 days 1,647 sqft
2018-06-01 0 days 1,700 sqft
2018-07-01 0 days 1,706 sqft
2018-08-01 0 days 1,745 sqft
2018-09-01 0 days 1,918 sqft
2018-10-01 0 days 2,050 sqft
2018-11-01 0 days 2,026 sqft
2018-12-01 0 days 1,971 sqft
2019-01-01 0 days 1,952 sqft
2019-02-01 0 days 1,973 sqft
2019-03-01 0 days 1,883 sqft
2019-04-01 0 days 1,808 sqft
2019-05-01 0 days 1,883 sqft
2019-06-01 0 days 1,857 sqft
2019-07-01 0 days 1,830 sqft
2019-08-01 0 days 1,809 sqft
2019-09-01 0 days 1,780 sqft
2019-10-01 0 days 1,754 sqft
2019-11-01 0 days 1,764 sqft
2019-12-01 0 days 1,738 sqft
2020-01-01 0 days 1,730 sqft
2020-02-01 0 days 1,788 sqft
2020-03-01 0 days 1,832 sqft
2020-04-01 0 days 1,830 sqft
2020-05-01 0 days 1,848 sqft
2020-06-01 0 days 1,898 sqft
2020-07-01 0 days 1,838 sqft
2020-08-01 0 days 1,921 sqft
2020-09-01 0 days 1,808 sqft
2020-10-01 0 days 1,631 sqft
2020-11-01 0 days 1,688 sqft
2020-12-01 0 days 1,791 sqft
2021-01-01 0 days 1,813 sqft
2021-02-01 0 days 1,632 sqft
2021-03-01 0 days 1,715 sqft
2021-04-01 0 days 1,661 sqft
2021-05-01 0 days 1,647 sqft
2021-06-01 0 days 1,796 sqft
2021-07-01 0 days 1,809 sqft
2021-08-01 0 days 1,807 sqft
2021-09-01 0 days 1,805 sqft
2021-10-01 0 days 1,732 sqft
2021-11-01 0 days 1,726 sqft
2021-12-01 0 days 1,809 sqft
2022-01-01 0 days 1,608 sqft
2022-02-01 0 days 1,723 sqft
2022-03-01 0 days 1,615 sqft
2022-04-01 0 days 1,650 sqft
2022-05-01 0 days 1,756 sqft
2022-06-01 0 days 1,881 sqft
2022-07-01 0 days 1,881 sqft
2022-08-01 0 days 1,755 sqft
2022-09-01 0 days 1,712 sqft
2022-10-01 0 days 1,716 sqft
2022-11-01 0 days 1,685 sqft
2022-12-01 0 days 1,600 sqft
2023-01-01 0 days 1,632 sqft
2023-02-01 0 days 1,670 sqft
2023-03-01 0 days 1,637 sqft
2023-04-01 0 days 1,748 sqft
2023-05-01 0 days 1,718 sqft
2023-06-01 0 days 1,736 sqft
2023-07-01 0 days 1,800 sqft
2023-08-01 0 days 1,832 sqft
2023-09-01 0 days 1,847 sqft
2023-10-01 0 days 1,833 sqft
2023-11-01 0 days 1,818 sqft
2023-12-01 0 days 1,711 sqft
2024-01-01 0 days 1,734 sqft
2024-02-01 0 days 1,672 sqft
2024-03-01 0 days 1,762 sqft
2024-04-01 0 days 1,642 sqft
MIDLAND's median listing age (time on market) for 2024-04-01 was 0 days.

MIDLAND's median square footage for active listings during the 2024-04-01 period was 1,642 sqft. One year prior, the average listing was 1,748 sqft.

MIDLAND, MI Average Rent (2023)

Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
48612 Midland, MI MSA $600 $630 $830 $1,110 $1,210
48615 Midland, MI MSA $640 $670 $880 $1,180 $1,260
48618 Midland, MI MSA $600 $630 $830 $1,110 $1,210
48620 Midland, MI MSA $720 $750 $980 $1,320 $1,400
48623 Midland, MI MSA $740 $830 $1,100 $1,400 $1,480
48626 Midland, MI MSA $570 $640 $840 $1,090 $1,210
48628 Midland, MI MSA $780 $820 $1,070 $1,440 $1,530
48634 Midland, MI MSA $590 $650 $830 $1,090 $1,210
48637 Midland, MI MSA $630 $710 $940 $1,200 $1,270
48640 Midland, MI MSA $680 $710 $930 $1,250 $1,330
48641 Midland, MI MSA $720 $750 $980 $1,320 $1,400
48642 Midland, MI MSA $770 $800 $1,050 $1,410 $1,500
48652 Midland, MI MSA $880 $950 $1,220 $1,610 $1,770
48657 Midland, MI MSA $670 $690 $910 $1,220 $1,300
48662 Midland, MI MSA $940 $980 $1,280 $1,720 $1,830
48667 Midland, MI MSA $720 $750 $980 $1,320 $1,400
48858 Midland, MI MSA $650 $680 $890 $1,190 $1,270
48880 Midland, MI MSA $640 $670 $880 $1,180 $1,260
48883 Midland, MI MSA $600 $630 $830 $1,110 $1,210

2022 Average & Median Rent Data Statistics
MIDLAND, MI average 1BR rent: $734, median: $710
MIDLAND, MI average 2BR rent: $961, median: $930
MIDLAND, MI average 3BR rent: $1,277, median: $1,220

MIDLAND, MI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 959 $207,215,000 $216,074
Cash Out Refi 213 $28,105,000 $131,948
Home Improvement 152 $11,900,000 $78,289
Other 136 $11,990,000 $88,162
Refi 84 $13,360,000 $159,048

Midland's most frequently cited loan purpose was Home Purchase, with 959 originations. The 2nd most popular reason was Cash Out Refi, with 213 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 574 $116,310,000 $202,631
7-8% 438 $81,280,000 $185,571
Over 8% 318 $33,030,000 $103,868
5-6% 151 $30,385,000 $201,225
4-5% 16 $5,390,000 $336,875
<2.5% 13 $165,000 $12,692
3-4% 2 $360,000 $180,000
2.5-3% 2 $390,000 $195,000

During 2023, Midland's most frequently originated rate bucket was 6-7%, with 574 originations.

Loan Sizing (MIDLAND, MI MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 618 $91,160,000 $147,508
$100,000 or less 457 $26,235,000 $57,407
$200k-400k 380 $102,570,000 $269,921
$400k-600k 67 $32,285,000 $481,866
$600k-1000k 17 $12,315,000 $724,412
$Over $1MM 5 $8,005,000 $1,601,000

MIDLAND's loan sizing saw the bucket of loans from $100k-200k with 618 originations, totaling $91,160,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 653 $143,775,000 $220,176
60-80% 353 $69,565,000 $197,068
20-40% 210 $17,700,000 $84,286
40-60% 142 $23,660,000 $166,620
Under 20% 138 $5,440,000 $39,420
Over 100% 12 $4,050,000 $337,500

MIDLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 653 originations, totaling $143,775,000 in origination value.