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These days, finding an affordable place to live in the Midland City area can be challenging. Home prices in Midland City are now at a median cost of $130,707, lower than the Illinois average of $300,242.
The average cost of rent is $717/mo in Midland City, primarily driven by the current value of real estate in the Midland City area. In Midland City, 13.06% of households rent, and 48.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Midland City is $7,372 per month. Households that rent pay about 9.73% of their income on rent here. Midland City’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Kenney, IL: equally priced homes
- Jenkins, IL: higher priced homes
- Beason, IL: higher priced homes
- Waynesville, IL: higher priced homes
- Chestnut, IL: higher priced homes
- Ospur, IL: higher priced homes
- Clinton, IL: equally priced homes
- Wapella, IL: higher priced homes
- Atlanta, IL: equally priced homes
- Lawndale, IL: higher priced homes
Cities with Similar Populations
- Norland, VA: less expensive homes
- North Lemmon, ND: higher priced homes
- North Haven, ME: higher priced homes
- North Chemung, NY: higher priced homes
- North Chatham, NY: higher priced homes
- North Branch, WI: higher priced homes
- North Beach, OR: higher priced homes
- Norris, MO: higher priced homes
- Normanda, IN: higher priced homes
- North Santiam, OR: higher priced homes
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