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 Q3 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 about Scout's Real Estate Data

Midland Housing Market Information

With 146,038 people, 46,552 houses or apartments, and a median cost of homes of $234,951, 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 74.69% 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.

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 0.74%, 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 0.73%, which equates to an annual appreciation rate of 2.93%.

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

 
info

Median Home Value:
$234,951

Midland, TX HOME PRICES

> $1,242,000
1.0%
1.0%
$931,001 - $1,242,000
1.0%
1.0%
$621,001 - $931,000
3.7%
3.7%
$497,001 - $621,000
4.5%
4.5%
$373,001 - $497,000
10.2%
10.2%
$248,001 - $373,000
25.8%
25.8%
$124,001 - $248,000
35.1%
35.1%
$62,001 - $124,000
12.1%
12.1%
$0 - $62,000
6.7%
6.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
46,552

Midland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
247.53% 6.19%
10
10
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,449 / per month

Homeownership Rate

Owners
64.2%
64.2%
Renters
35.8%
35.8%
Vacant
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
19.2%
19.2%
1970 - 1999
46.3%
46.3%
1940 - 1969
33.0%
33.0%
1939 or Older
1.4%
1.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.7%
67.7%
Townhomes
3.5%
3.5%
Small Apt. Buildings
6.1%
6.1%
Apt. Complexes
20.1%
20.1%
Mobile Homes
2.6%
2.6%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
7.2%
7.2%
1 Bedroom
10.3%
10.3%
2 Bedrooms
18.8%
18.8%
3 Bedrooms
41.9%
41.9%
4 Bedrooms
18.9%
18.9%
5 or more bedrooms
2.9%
2.9%
0.0% 100.0%
% OF HOMES