Housing in Midland, TX (79705) is slightly more affordable than the US median value of $338,100. The median housing value in Midland is $300,200, while the 1-year house appreciation rate is 4.71%, which is much lower than the national average of 8.27%. This means that house prices have only increased by a relatively small amount over the past year compared to other parts of the country. Midland may be an attractive place for buyers who want to get a good deal on their next home and don't mind slower house price growth.
The median home cost in Midland (zip 79705) is $300,200. Home appreciation the last 10 years has been 67.3%. Home Appreciation in Midland (zip 79705) is up 7.2%.
Average Age of Homes
- The median age of Midland (zip 79705) real estate is 36 years old
The Rental Market in Midland (zip 79705)
- Renters make up 29.7% of the Midland (zip 79705) population
- 3.1% of houses and apartments in Midland (zip 79705), 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.