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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, TX 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, TX Housing Market Trends

With a population of 134,444, 51,460 total housing units (homes and apartments), and a median house value of $333,591, Midland real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Midland, accounting for 64.32% of the city's housing units. Other types of housing that are prevalent in Midland include large apartment complexes or high rise apartments ( 22.75%), duplexes, homes converted to apartments or other small apartment buildings ( 5.77%), and a few row houses and other attached homes ( 4.20%).

The most prevalent building size and type in Midland are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.06% owning and 36.94% renting.

There is a lot of housing in Midland built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Midland built between 2000 and later ( 31.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.25%). There's also some housing in Midland built before 1939 ( 1.01%).

Midland Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Midland, where house values have increased just 52.81%, which is annualized rate of 4.33%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Midland appreciation rates have trailed the rest of the nation. In the last twelve months, Midland's appreciation rate has been 4.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Midland were at -2.92%, which equates to an annual appreciation rate of -11.16%.

Notably, Midland's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Midland's latest annual appreciation rate is higher than 70% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Midland differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Midland - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Midland real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$333,591

Midland, TX Home Prices
> $1,186,000
$890,001 - $1,186,000
$593,001 - $890,000
$474,001 - $593,000
$356,001 - $474,000
$237,001 - $356,000
$118,001 - $237,000
$59,001 - $118,000
$0 - $59,000
2.0%
2.0%
2.2%
2.2%
7.1%
7.1%
9.5%
9.5%
19.1%
19.1%
32.9%
32.9%
17.6%
17.6%
6.0%
6.0%
3.6%
3.6%
0% 100.0%
% of Homes
High

for Texas

High

for nation

Number of Homes And Apartments:

51,460

Midland Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,120 / per month

Homeownership Rate

Owners
Renters
63.1%
63.1%
36.9%
36.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.5%
6.5%
93.5%
93.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
31.5%
31.5%
40.3%
40.3%
27.3%
27.3%
1.0%
1.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
64.3%
64.3%
4.2%
4.2%
5.8%
5.8%
22.7%
22.7%
3.0%
3.0%
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
2.7%
2.7%
14.9%
14.9%
20.4%
20.4%
40.4%
40.4%
18.8%
18.8%
2.8%
2.8%
0% 100.0%
% of Homes