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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Midland Housing Market Information

With 136,089 people, 45,664 houses or apartments, and a median cost of homes of $231,949, 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 67.81% of the city's housing units. Other types of housing that are prevalent in Midland include large apartment complexes or high rise apartments ( 20.40%), duplexes, homes converted to apartments or other small apartment buildings ( 5.79%), and a few row houses and other attached homes ( 3.67%).

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 64.95% owning and 35.05% 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 ( 34.06%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.10%). There's also some housing in Midland built before 1939 ( 1.57%).

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 74.72% over the last ten years, which is an average annual home appreciation rate of 5.74%, 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.

Appreciation rates are so strong in Midland that despite a nationwide downturn in the housing market, Midland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Midland appreciation rates continue to be some of the highest in America, at 9.51%, which is higher than appreciation rates in 97.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Midland. Midland appreciation rates in the latest quarter were at 3.14%, which equates to an annual appreciation rate of 13.17%.

Importantly, NeighborhoodScout’s exclusive research found that Midland's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Texas, our data show that Midland's latest annual appreciation rate is higher 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
> $1,305,000 0.9
$978,001 - $1,305,000 0.8
$652,001 - $978,000 3.3
$522,001 - $652,000 3.8
$391,001 - $522,000 9.8
$261,001 - $391,000 23.5
$130,001 - $261,000 37.0
$65,001 - $130,000 13.6
$0 - $65,000 7.2

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
30.4817518248175 16.9738118331717

Number Of Homes And Apartments:

Midland Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
243.99% 6.54%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,764 / per month

Homeownership Rate

Owners 64.95
Renters 35.05
Vacant 6.49

Housing Market Details


Age of Homes

2000 or Newer 17.1
1970 - 1999 47.3
1940 - 1969 34.1
1939 or Older 1.6

Types of Homes

Single-Family 67.8
Townhomes 3.7
Small Apt. Buildings 5.8
Apt. Complexes 20.4
Mobile Homes 2.3
Other 0.1

Home Size

No Bedroom 6.85
1 Bedroom 9.95
2 Bedrooms 19.64
3 Bedrooms 42.56
4 Bedrooms 17.97
5 or more bedrooms 3.05