Cost of Living,
Midland's Real Estate Market
Midland Metro Area
Profile: Small cities
Location: West Texas high country near southeast corner of New Mexico
Time zone: Central Standard Time
|Cost of living||Unattractive setting|
|Small-town atmosphere||Economic cycles|
Midland was so named as the midpoint in an otherwise empty trip between Dallas and El Paso, while Odessa received its name from homesick Russian railroad laborers in the 1880’s. The economic base is concentrated mainly in the oil and gas industry. Odessa has two higher education facilities: a small University of Texas campus brings 3500 students and there is a health science center run by Texas Tech.
Midland is the county seat and more of a commercial center, and oil money brought an attractive, skyscraper-centered downtown. The area’s real story is low cost of living and affordable housing. Diversions include the Permian Basin Petroleum Museum and the Confederate Air Force, the largest owner and operator of vintage aircraft from World War II. Otherwise, the area is dry, dusty, and flat.
The Midland-Odessa region is on a relatively high southern extension of the Great Plains. The terrain is level with slight undulations. Vegetation consists mostly of native grasses and a few mesquite trees. The climate is semiarid. Summer daytime temperatures are hot but with a large diurnal range and most nights are comfortable. Humidity is low. Winters are characterized by frequent cold periods followed by rapid warming. Cloudiness is minimal. Summer showers are common and most of the annual precipitation comes from violent spring and early summer thunderstorms. Due to the flat nature of the countryside, local flooding and blowing dust may occur.
Interesting Facts about Midland, Texas
As of 2014, Midland's population is 112,618 people. Since 2000, it has had a population growth of 16.69 percent.--------------------
The median home cost in Midland is $202,300. Home appreciation the last year has been 10.50 percent.--------------------
Compared to the rest of the country, Midland's cost of living is 2.20% Higher than the U.S. average.--------------------
Midland public schools spend $8,417 per student. The average school expenditure in the U.S. is $12,435. There are about 15.2 students per teacher in Midland.--------------------
The unemployment rate in Midland is 2.30 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Midland jobs have Increased by 3.79 percent.
Ranked #7 Most Secure Places to Live 2011 (Small Towns)
Ranked #10 Most Secure Places to Live in the U.S. (Small Towns)
Ranked #359 Best Green Cities
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Average Commute time is 17 minutes. The National Average is 25 minutes.--------------------
Midland's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes