Midland TX

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Midland, TX Real Estate Data

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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Midland Housing Market Information

With 142,344 people, 46,552 houses or apartments, and a median cost of homes of $233,724, 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 67.68% of the city's housing units. Other types of housing that are prevalent in Midland include large apartment complexes or high rise apartments ( 20.12%), duplexes, homes converted to apartments or other small apartment buildings ( 6.08%), and a few row houses and other attached homes ( 3.50%).

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 64.18% owning and 35.82% 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 1940-1969 ( 33.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.22%). There's also some housing in Midland built before 1939 ( 1.42%).

Midland Home Appreciation Rates

In the last 10 years, Midland has experienced some of the highest home appreciation rates of any community in the nation. Midland real estate appreciated 77.06% over the last ten years, which is an average annual home appreciation rate of 5.88%, putting Midland in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Midland definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 0.47%, 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 -1.15%, which equates to an annual appreciation rate of -4.53%.

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 lower than 90% 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:


Value Range
> $1,235,000 1.0
$926,001 - $1,235,000 1.0
$618,001 - $926,000 3.7
$494,001 - $618,000 4.5
$370,001 - $494,000 10.2
$247,001 - $370,000 25.8
$124,001 - $247,000 35.1
$62,001 - $124,000 12.1
$0 - $62,000 6.7

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
32.4087591240876 18.913676042677

Number Of Homes And Apartments:

Midland Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
246.30% 6.25%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,458 / per month

Homeownership Rate

Owners 64.18
Renters 35.82
Vacant 6.62

Housing Market Details


Age of Homes

2000 or Newer 19.2
1970 - 1999 46.3
1940 - 1969 33.0
1939 or Older 1.4

Types of Homes

Single-Family 67.7
Townhomes 3.5
Small Apt. Buildings 6.1
Apt. Complexes 20.1
Mobile Homes 2.6
Other 0.1

Home Size

No Bedroom 7.18
1 Bedroom 10.30
2 Bedrooms 18.83
3 Bedrooms 41.89
4 Bedrooms 18.86
5 or more bedrooms 2.94