Midland Metro Area, TX Housing

The Midland, TX Metro Area is a great place to purchase a home. The median housing value is $287,700, which is significantly lower than the US house median value of $338,100. Additionally, the one year house appreciation in the area is 16.21%, which is much higher than the national average of 8.27%. With these factors in mind, it's no surprise that housing in Midland remains in high demand.

The median home cost in Midland Metro Area is $287,700. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Midland Metro Area is up 7.2%.

Average Age of Homes

- The median age of Midland Metro Area real estate is 35 years old

The Rental Market in Midland Metro Area

- Renters make up 29.7% of the Midland Metro Area population
- 2.8% of houses and apartments in Midland Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Midland, Texas	United States
	70,771.0	139,647,020.0
	34	42
	$287,700	$338,100
	7.2%	16.6%
	34.1%	57.0%
	67.3%	101.1%
	$13.16	$10.98
	$3,203	$2,690
	62.0%	57.4%
	7.6%	11.2%
	30.3%	31.4%
Vacant Housing
	2.8%	1.9%
	0.1%	0.4%
	0.4%	0.7%
	0.5%	0.4%
	1.2%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	3.3%	2.4%
	3.1%	2.8%
	3.9%	3.9%
	3.4%	4.5%
	9.0%	11.3%
	11.9%	13.0%
	29.5%	20.1%
	16.1%	13.6%
	6.9%	8.3%
	7.2%	9.7%
	1.5%	3.9%
	1.0%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	11.0%	13.6%
	11.0%	13.6%
	14.2%	13.6%
	17.8%	13.2%
	10.9%	14.8%
	14.2%	13.6%
	14.6%	10.0%
	2.6%	4.7%
	1.4%	12.2%

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