48667, Midland, MI

Midland, MI is located in the Eastern Time Zone and has a population of around 101,000. The median household income in Midland is $60,000 and the median home value is $130,000. Approximately one-third of homes in Midland are owned by individuals and two-thirds are owned by families. The 48667 zip code has a population density of 1,500 people per square mile which is lower than the Michigan average of 2,100 people per square mile. There are approximately 5,700 single family homes in the 48667 zip code and an additional 1,600 multi-family units.

The 48667 zip code has seen strong growth over the past few years as home prices have increased by 10%. In fact, according to Zillow’s Home Value Index (HVI), Midland ranks as one of the top 10 fastest growing zip codes in Michigan over the past five years. This strong growth can be attributed to a number of factors including low interest rates (4%), increasing demand for housing stock due to an influx of new residents (due to job growth), and limited supply due to zoning restrictions that limit development near major cities such as Detroit.

Despite this strong growth, there are still some areas within Midland that struggle with high home values relative to incomes. For example, neighborhoods near I-75 or on Lake Michigan tend to have higher home values than neighborhoods closer to downtown or other suburban areas. Additionally, some areas within Midland have seen slower growth rates than others which may be indicative of tighter market conditions or potential issues with affordability. Overall though, it appears that overall demand for housing stock in Midland remains high and prices continue to rise faster than inflation rates would suggest.