The housing market in 79703 Midland, TX is slightly lower than average compared to the US. The median value of housing in 79703 is $206,800, which is around 39% lower than the US median value of $338,100. Although the US house appreciation rate has been 8.27%, the year-on-year appreciation rate for houses in 79703 stands at 4.71%. This information suggests that it might be a good time to invest in real estate in Midland as prices are currently lower than average and expected to rise steadily going forward.
The median home cost in Midland (zip 79703) is $206,800. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Midland (zip 79703) is up 7.2%.
Average Age of Homes
- The median age of Midland (zip 79703) real estate is 48 years old
The Rental Market in Midland (zip 79703)
- Renters make up 28.5% of the Midland (zip 79703) population
- 2.4% of houses and apartments in Midland (zip 79703), 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.