MIDLAND Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Midland averaged 6.94% for the week of 2024-04-11, compared to the national average of 6.88% for the same period.

    The average rate for the prior week (2024-04-04) was 6.88% and one month ago for the week of 2024-03-07, the average rate was 7.04%.

    Midland's average rate one year ago was 6.44%.

    For refis of the same type during the week of 2024-04-11, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-04-11 6.88%
    Midland 30 Year Fixed Rate 2024-04-11 6.94%
    Midland 30 Year Fixed Rate Refi 2024-04-11 7.08%
    Midland 15 Year Fixed Rate 2024-04-11 5.96%
    Midland 15 Year Fixed Rate Refi 2024-04-11 6.76%
    Midland 30 Year FHA 2024-04-11 6.95%
    Midland 30 Year FHA Refi 2024-04-11 6.54%
    Midland 30 Year USDA 2024-04-11 6.51%
    Midland 30 Year USDA Refi 2024-04-11 6.61%
    Midland 30 Year VA 2024-04-11 6.57%
    Midland 30 Year VA Refi 2024-04-11 6.67%
    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
    MIDLAND's median listing price for 2024-03-01 was $299,000, a difference of $71,875 (31.7%) versus the prior year and $11,575 versus the prior month.

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

    MIDLAND's average listing price for 2024-03-01 was $334,977, a difference of $-5,836 (-1.7%) versus the prior year and $970 versus the prior month.

    For the 2024-03-01 period, MIDLAND had 73 MLS listings, a difference of 5 listings (7%) versus the prior month and 16 listings (28%) 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
    MIDLAND's median listing age (time on market) for 2024-03-01 was 0 days.

    MIDLAND's median square footage for active listings during the 2024-03-01 period was 1,762 sqft. One year prior, the average listing was 1,637 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.