Housing market/Michigan/ZIP 48642
ZIP 48642 Midland, Michigan
Midland, MI MSA · Michigan. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
Email this profile
HUD schedule, ACS stock, and the 90–110% band for ZIP 48642 · MI — sent to you.
ZIP 48642 · MI
ACS rent vs 2BR SAFMR
ZIP 48642 — Midland, MI HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 48642
- 1-unit detached10,75473.3%
- 1-unit attached3642.5%
- 2–4 units5163.5%
- 5–49 units1,1968.2%
- 50+ units8165.6%
- Mobile1,0176.9%
2–4 unit share 3.5% · 5–49 unit share 8.2% · combined 2–49 11.7%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,100 (all bedrooms, occupied rentals).
- Median contract rent $941.
- Renters paying ≥30% of income 46.4%; ≥50% 23.1%.
- FY2027 2BR SAFMR $1,360 (1.236× ACS median gross rent).
Population
33,770 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +5.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 5 projects, 218 units.
- HUD project-based assisted MF: 1 properties, 214 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 2 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 48642 25.9% of occupied households are renters; vacancy is 4.7%; ACS median gross rent is $1,100; population increased +5.2% between the 2018 and 2023 ACS vintages; the housing stock includes 516 units in 2–4-unit structures and 1,196 units in 5–49-unit structures; 5 LIHTC projects totaling 218 units; FY2027 2BR SAFMR is $1,360 versus ACS median gross rent of $1,100. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Michigan research
ZIP 48642 is a Census / HUD profile for Midland, MI. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 48642 — Midland, MI HUD Section 8 Payment Standards / SAFMR·Michigan ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Michigan research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 48642?
ZIP 48642 (Midland, MI MSA) has 33,770 residents, 13,969 households, a renter share of 25.9%, median household income of $77,690, and ACS 2023 median gross rent of $1,100. Vacancy is 4.7%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 48642?
ACS counts 260 units in 2-unit buildings, 256 in 3–4 unit buildings, 425 in 5–9, 627 in 10–19, and 144 in 20–49. Combined 2–49 unit stock is 1,712 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 48642?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,360. See the full schedule and 90–110% payment-standard band on the ZIP 48642 — Midland, MI HUD Section 8 Payment Standards / SAFMR.
Does this Michigan ZIP profile include Georgia listings?
No. ZIP 48642 is Census / HUD research for Midland, MI MSA. Jeff Crowe CRE does not list Michigan property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.