Midland City, Alabama Real Estate & Housing Market

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Midland City Housing Information

Index	Midland City	Alabama	National
Median home price	$95,700	$128,500	$184,700
Median rent asked	$547	$728	$949
Avg. people per household	2.4	2.5	2.6
Owner occupied households	37.7%	68.5%	63.6%
Renter occupied households	62.3%	31.5%	36.4%

A general overview of the Midland City, AL real estate market is displayed above. The median home price for homes in Midland City, AL is $95,700, which is 26% lower than the Alabama average. This means that real estate in the Midland City, AL area is generally more affordable than the rest of Alabama. The median rent price in Midland City, AL is $547 which is 25% lower than the Alabama average. In Midland City, AL, 37.7% of people are home owners and an average of 2.4 people occupy each home. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Midland City, AL. We make it easy to find Midland City, AL real estate listings and homes for sale by filtering location, price, bedrooms and bathrooms in the search area above.

Midland City Home Affordability

Home affordability can be a very important factor when determining where to purchase real estate in Midland City, AL. One method that can be used to calculate home affordability is the home price to median household income ratio. The median home price in Midland City, AL is $95,700 and the median household income is $26,269. This results in a home price to income ratio of 3.6x, which is 27% higher than the Alabama average. The home affordability ratio is calculated by dividing the median home price by the median home income. A lower than average home price to income ratio means that homes in Midland City, AL are more affordable based on the median price of homes compared to home income. Of course, there are many other factors to consider when focusing on home affordability. Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Midland City, AL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Fort Rucker, AL	4,681	$0	100%
Napier Field, AL	512	$52,500	72%
Slocomb, AL	1,589	$63,600	66%
Newville, AL	540	$69,800	62%
Malvern, AL	1,785	$71,600	61%
Midland City, AL	2,041	$95,700	48%

Cities with similar population

City, State	Population	Home Price	National Avg.
Clayton, NY	2,041	$154,300	16%
Port Sulphur, LA	2,041	$58,300	68%
Linden, CA	2,042	$331,100	79%
Phoenix, IL	2,042	$71,600	61%
Dover, PA	2,042	$146,200	21%
Midland City, AL	2,041	$95,700	48%

Source: The Midland City, AL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).