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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Midland, NC Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Midland, NC Housing Market Trends

With 4,917 people, 1,514 houses or apartments, and a median cost of homes of $498,350, Midland real estate is some of the most expensive in North Carolina, although Midland home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Midland, accounting for 84.69% of the town's housing units. Other types of housing that are prevalent in Midland include mobile homes or trailers ( 13.90%), row houses and other attached homes ( 1.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Midland. Owner-occupied housing accounts for 86.06% of Midland's homes, and 80.59% have either three or four bedrooms, which is average sized relative to America.

Midland homes and real estate are some of the newest in America. 51.75% of Midland's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Midland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.76%), and between 1940-1969 ( 16.96%). There's also some housing in Midland built before 1939 ( 1.53%).

Midland Home Appreciation Rates

In the last 10 years, Midland has experienced some of the highest home appreciation rates of any community in the nation. Midland real estate appreciated 120.85% over the last ten years, which is an average annual home appreciation rate of 8.25%, putting Midland in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Midland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Midland's appreciation rate, at 6.65%, has been at or slightly above the national average. In the latest quarter, Midland's appreciation rate has been 1.72%, which annualizes to a rate of 7.07%.

Relative to North Carolina, our data show that Midland's latest annual appreciation rate is lower than 50% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$498,350

Midland, NC Home Prices
> $1,470,000
$1,103,001 - $1,470,000
$735,001 - $1,103,000
$588,001 - $735,000
$441,001 - $588,000
$294,001 - $441,000
$147,001 - $294,000
$74,001 - $147,000
$0 - $74,000
1.0%
1.0%
0.0%
0.0%
7.4%
7.4%
18.9%
18.9%
33.1%
33.1%
23.3%
23.3%
7.9%
7.9%
2.8%
2.8%
5.4%
5.4%
0% 100.0%
% of Homes
Very High

for North carolina

Very High

for nation

Number of Homes And Apartments:

1,514

Midland Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,836 / per month

Homeownership Rate

Owners
Renters
86.1%
86.1%
13.9%
13.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.3%
7.3%
92.7%
92.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
51.7%
51.7%
29.8%
29.8%
17.0%
17.0%
1.5%
1.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.7%
84.7%
1.4%
1.4%
0.0%
0.0%
0.0%
0.0%
13.9%
13.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
0.7%
0.7%
15.9%
15.9%
59.0%
59.0%
21.6%
21.6%
2.8%
2.8%
0% 100.0%
% of Homes