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Midland city, MI

ZIP 48640 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48640

Median Home Value
$191,000
Median Rent
$777
Affordability Snapshot
$53,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,227/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48640 in Midland city, MI, a household would need roughly $53,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,227. That sits below the local median household income ($81,630), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
75.7%+16% vs US avg
x
Vacancy Rate
6.4%-38% vs US avg
x
Broadband Access
89.2%+2% vs US avg
x
4+ Bedrooms
6.5%-56% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
28.5%-43% vs US avg
x
Mortgage-Free
41.4%+8% vs US avg
x
$191,000
Home Value
$777
Rent
1973
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.3%
  • 1-unit attached5.5%
  • 2-9 units7.6%
  • 10+ units8.6%
  • Mobile home & other5.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$191,000
Median rent$777
Owner-occupied75.7%
Vacant6.4%
Price-to-income2.3x
Est. income to buy$53,000