Housing in Midland, TX is quite affordable compared to the rest of the country. The median value for a house in Midland is $271,000, which is significantly less than the US House Median Value of $338,100. In addition to having lower costs, houses in Midland appreciate at a slower rate than those in most other parts of the country; over the past year US 1 year House Appreciation was 8.27%, while House 1 year appreciation in Midland was only 4.71%. For those looking for an affordable place to live with stability and consistency, Midland may be a perfect fit.
The median home cost in Midland is $271,000. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Midland is up 7.2%.
Average Age of Homes
- The median age of Midland real estate is 36 years old
The Rental Market in Midland
- Renters make up 32.6% of the Midland population
- 2.7% of houses and apartments in Midland, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.