Midland, TX—79703
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Midland, TX
As of Oct '25, the median home price in Midland, TX is $236,000, with a year-over-year change of 5.0%. This indicates that home prices in Midland, TX are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $236,000 | 5.0% |
| Single Family | $236,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $186,000 | 5.7% |
3 Bed | $245,000 | 3.8% |
4 Bed | $270,000 | 3.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Midland, TX
As of July '25, Rentcast reports the average rent in Midland, TX is $1,960, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Midland, TX is studios: $1,000, 1-bedrooms: $1,170, 2-bedrooms: $1,580, 3-bedrooms: $2,220, 4-bedrooms: $1,900. The most common rental property sizes in Midland, TX are 2-bedroom and 3-bedroom, accounting for 51.1% and 20.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $1,960 |
| Studio Rent | $1,000 | $1,000 |
| 1 Bed Rent | $1,050 | $1,170 |
| 2 Bed Rent | $1,400 | $1,580 |
| 3 Bed Rent | $2,250 | $2,220 |
| 4 Bed Rent | $1,900 | $1,900 |
% of Rental Stock
Property Listings — Midland, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Midland, TX is 37. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $285,000 | 16.0% |
Listing Count | 46 | 4.0% |
| Listings as % of Homes | 0.7% | 4.0% |
Days on Market | 37 | -10.0% |
Demographics — Midland, TX
As of the latest ACS Survey released in 2023, Midland, TX has a population of 20,600, which has decreased by -10.7% over the past 5 years. Midland, TX is a popular place for families, as children make up 31.3% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,600 | -10.7% |
% Under 18 | 31.3% | 12.2% |
% Seniors | 8.5% | -10.5% |
% WFH | 7.0% | 133.3% |
% w/ College Degree | 19.9% | 55.5% |
As of the latest ACS Survey released in 2023, Midland, TX is a predominantly hispanic area, with 53.8% of the population identifying as hispanic. The hispanic population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Midland, TX is white, making up 34.2% of the population. Foreign-born residents account for 20.3% of the population in Midland, TX, and this percentage has increased by 35.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 34.2% | -4.2% |
% Black | 10.4% | 46.5% |
% Hispanic | 53.8% | -1.1% |
% Asian | 1.9% | -34.5% |
% Foreign Born | 20.3% | 35.3% |
Mortgage and Risk — Midland, TX
According to HUD data as of 2023, there were 269 mortgage originations in Midland, TX, of which 46.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 63.0% above 90% LTV (very high). This implies large mortgage risk in Midland, TX. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 269 |
% Conventional Loans | 46.0% |
% Government Loans | 54.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Midland, TX
As of 2024, the percent of homes in Midland, TX under the Section 8 program is 2.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Midland, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 59 |
Total Units Section 8 | 59 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $720 | $1,050 | $1,770 |
| 2 Bedroom | $680 | $1,400 | $2,080 |
| 3 Bedroom | $420 | $2,250 | $2,670 |
| 4 Bedroom | $1,400 | $1,900 | $3,300 |
Affordability — Midland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $236,000 |
| Median Household Income | $80,300 |