48640, Midland, MI

There is no one answer to the question of why home prices in Midland, MI have increased so much over the past few years. There are a number of factors that could contribute, including an influx of new residents and businesses, strong job growth, low interest rates, and limited supply of homes for sale.

However, one important factor that has definitely played a role is the increase in home equity in this area. Home equity is the difference between what a homeowner owes on their house and what their house is worth. In Midland, MI, home equity has been growing steadily over the past few years, which has helped to drive up prices overall.

As of September 2017, median home values in Midland were $158,000 – an increase of 10% from 2016. In fact, according to Zillow’s recent report on Michigan’s housing market trends*, Midland had the fifth-highest year-over-year growth rate among all U.S. cities with populations greater than 100,000 in 2017! This indicates that there is significant demand for homes in this area – even more so than usual – and that prices are likely to continue rising over time.

Of course, not everyone can afford to buy a home at these prices – especially if they are not already wealthy individuals or families. However, for those who can afford it (and who are looking for an affordable place to live), buying a home in Midland would be a wise decision – especially given how rapidly prices are increasing!