Midland County Michigan Residential Rent and Rental Statistics
The median monthly gross residential rent in Midland County MI was $812 in 2019 according to the Census ACS survey.1 Average gross rent in Midland County was $792 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Midland County median and average rent data will be released in September of 2021.
Data is also available below for Midland County rental vacancy rates, Midland County rent as a percent of median income and the fraction of renters in Midland County.
Real Gross Rent in Midland County Michigan (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Michigan Median Gross Rent | $888 | +1.25% | +3.62% |
| Midland County MI Median Gross Rent | $812 | +13.88% | +0.25% |
Midland County MI Real Gross Rent Trends
Median gross rent for Midland County peaked in real terms in 2012 at $823 and is now $11 (1.34%) lower. Average gross rent for Midland County peaked in real terms in 2016 at $893 and is now $101 (11.31%) lower.
Real Gross Rent: Midland County MI Median, Midland County MI Average, Michigan Median, US Median
Real Gross Rent History for Midland County
| Date | US Median |
Michigan Median |
Midland County MI Median |
Midland County MI Average |
|---|---|---|---|---|
| 2019 | $1,097 | $888 | $812 | $792 |
| 2018 | $1,077 | $877 | $713 | $734 |
| 2017 | $1,043 | $861 | $749 | $778 |
| 2016 | $1,027 | $857 | $810 | $893 |
| 2015 | $1,017 | $852 | $784 | $827 |
| 2014 | $986 | $832 | $753 | $763 |
| 2013 | $953 | $809 | $739 | $681 |
| 2012 | $940 | $796 | $823 | $856 |
| 2011 | $941 | $798 | $716 | $675 |
| 2010 | $955 | $816 | $746 | $799 |
| 2009 | $960 | $816 | $707 | $723 |
| 2007 | $927 | $802 | $713 | $693 |
| 2005 | $910 | $819 | $716 | $721 |
Midland County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Midland County Michigan was 9.57% according to Census ACS data.
Rental Vacancy Rate in Midland County Michigan
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Michigan | 5.56% | +0.74% | +0.15% |
| Midland County MI | — | — | — |
Trends in Midland County MI Rental Vacancy Rate
The rental vacancy rate in Midland County peaked in 2006 at 11.26%. Since then it has fallen by 1.69% to 9.57%. Data records for this series originated in 2005. From a 2012 post peak low of 2.57%, the rental vacancy rate has increased by 7.00%.
Rental Vacancy Rate: Midland County MI, Michigan, US
Historical Rental Vacancy Rate data for Midland County
| Date | US | Michigan | Midland County MI |
|---|---|---|---|
| 2019 | 5.97% | 5.56% | — |
| 2018 | 6.15% | 4.82% | — |
| 2017 | 6.18% | 4.87% | 9.57% |
| 2016 | 5.89% | 5.41% | — |
| 2015 | 5.85% | 5.19% | 8.19% |
| 2014 | 6.32% | 5.88% | 4.92% |
| 2013 | 6.49% | 6.04% | — |
| 2012 | 6.77% | 6.73% | 2.57% |
| 2011 | 7.40% | 7.72% | — |
| 2010 | 8.17% | 9.60% | — |
| 2009 | 8.43% | 9.48% | 5.03% |
| 2007 | 7.87% | 9.66% | 6.98% |
| 2005 | 7.74% | 10.09% | — |
Rent as a Fraction of Income
Using median household income data for Midland County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Midland County, median monthly gross rent as a fraction of median household income was 13.95% in 2019 according to the ACS.
Midland County Michigan Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Michigan | 17.88% | -0.34% | -0.82% |
| Midland County MI | 13.95% | -1.03% | -2.27% |
Trends in Midland County MI Rent as a Fraction of Income
The fraction of median Midland County household income required to pay median monthly gross rent peaked in 2012 (relative to the 2005 series origin) at 17.74%. Since then it has fallen by 3.79% to 13.95%.
Fraction of Income towards Rent: Midland County MI, Michigan, US
Historical Data for Annual Rent as a Fraction of Income in Midland County Michigan
| Date | US | Michigan | Midland County MI |
|---|---|---|---|
| 2019 | 20.03% | 17.88% | 13.95% |
| 2018 | 20.50% | 18.22% | 14.98% |
| 2017 | 20.13% | 18.25% | 14.14% |
| 2016 | 20.43% | 18.70% | 16.22% |
| 2015 | 20.63% | 18.86% | 14.96% |
| 2014 | 20.89% | 18.97% | 17.39% |
| 2013 | 20.78% | 19.09% | 16.88% |
| 2012 | 20.65% | 19.16% | 17.74% |
| 2011 | 20.70% | 19.29% | 15.13% |
| 2010 | 20.50% | 19.29% | 16.46% |
| 2009 | 20.12% | 18.99% | 14.86% |
| 2007 | 18.66% | 17.09% | 14.73% |
| 2005 | 18.89% | 17.07% | 14.98% |
Renter Fraction in Midland County Michigan
You can calculate the renter fraction in Midland County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Midland County as a fraction of total Midland County households. In 2019 18.81% of households were renters according to Census ACS data.
Midland County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Michigan | 28.43% | -0.38% | -1.25% |
| Midland County MI | 18.81% | -7.80% | -5.91% |
Trends in the Midland County MI Renter Fraction
The Midland County household renter fraction peaked in in 2010 at 26.96% and is now 8.15% below that level. The origin year for the series is 2005.
Fraction of Renting Households: Midland County MI, Michigan, US
History of Midland County Renter Fraction
| Date | US | Michigan | Midland County MI |
|---|---|---|---|
| 2019 | 35.89% | 28.43% | 18.81% |
| 2018 | 36.05% | 28.81% | 26.61% |
| 2017 | 36.13% | 28.67% | 22.21% |
| 2016 | 36.88% | 29.68% | 24.72% |
| 2015 | 36.97% | 29.58% | 24.47% |
| 2014 | 36.90% | 29.76% | 25.44% |
| 2013 | 36.50% | 29.45% | 24.28% |
| 2012 | 36.09% | 28.94% | 25.94% |
| 2011 | 35.42% | 28.26% | 22.68% |
| 2010 | 34.65% | 27.25% | 26.96% |
| 2009 | 34.13% | 26.81% | 22.06% |
| 2007 | 32.80% | 25.17% | 22.83% |
| 2005 | 33.10% | 25.33% | 21.39% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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