Rental numbers for the Midland, MI metro
The typical home here runs -$730 a month at 7.78% with 25% down, breaking even at about 1.0%. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.8%.
- Gross yield
- 6.8%
- typical home, Zillow
- Median ZIP yield
- 6.8%
- 2 ZIPs with full data
- Cash flow
- -$730/mo
- at 7.78%, 25% down
- Typical price
- $245,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,378/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
5 with published figures
| 48628Hope | $225,000 | $1,450* | 7.8% | 3.7% | -$514 | n/a |
| 48642Midland | $255,000 | $1,586 | 7.5% | 3.4% | -$646 | +4.5% |
| 48657Sanford | $222,000 | $1,140* | 6.2% | 2.3% | -$777 | n/a |
| 48640Midland | $249,000 | $1,273 | 6.1% | 2.4% | -$847 | +8.2% |
| 48618Coleman | $202,000 | $1,030* | 6.1% | 2.3% | -$696 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +8.6%
- Rent, 12 months
- +6.3%
- Rent minus price growth
- -2.3 pts
- Property tax
- 1.46%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $186,891 | n/a |
| Aug 2022 | $201,859 | $1,128 |
| Aug 2023 | $210,605 | $1,171 |
| Aug 2024 | $220,503 | $1,211 |
| Aug 2025 | $225,704 | $1,297 |
| Aug 2026 | $245,068 | $1,378 |
Counties
- Midland County, MI6.8% median yield
Tools
Questions
- Is the Midland, MI metro good for rental property?
- The typical home here runs -$730 a month at 7.78% with 25% down, breaking even at about 1.0%. 0 of 2 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 6.8%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Midland, MI metro have the highest rental yield?
- 48642 (Midland) at 7.5%, 48640 (Midland) at 6.1%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.