Midland, TX—79705
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 $350,000, with a year-over-year change of 3.9%. This indicates that home prices in Midland, TX are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $350,000 | 3.9% |
| Single Family | $351,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $244,000 | 5.6% |
3 Bed | $330,000 | 4.1% |
4 Bed | $429,000 | 3.4% |
| 5 Bed | $624,000 | 3.1% |
% of Housing Stock
Rental Trends — Midland, TX
As of July '25, Rentcast reports the average rent in Midland, TX is $2,640, with a year-over-year rent change of 0.8%. Per bedroom, the median rent as of July '25 in Midland, TX is 1-bedrooms: $1,280, 2-bedrooms: $2,250, 3-bedrooms: $2,670, 4-bedrooms: $3,190. The most common rental property sizes in Midland, TX are 1-bedroom and 2-bedroom, accounting for 49.4% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,640 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,360 | $1,280 |
| 2 Bed Rent | $2,000 | $2,250 |
| 3 Bed Rent | $2,600 | $2,670 |
| 4 Bed Rent | $3,100 | $3,190 |
% 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 45. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer 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 | $395,000 | -6.0% |
Listing Count | 254 | 31.0% |
| Listings as % of Homes | 0.8% | 31.0% |
Days on Market | 45 | 15.0% |
Demographics — Midland, TX
As of the latest ACS Survey released in 2023, Midland, TX has a population of 44,500, which has increased by 7.9% over the past 5 years. Midland, TX is a popular place for families, as children make up 28.2% of the population. The area has a moderately educated workforce, with 39.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,500 | 7.9% |
% Under 18 | 28.2% | 11.0% |
% Seniors | 10.2% | -22.1% |
% WFH | 6.0% | 93.5% |
% w/ College Degree | 39.8% | 13.1% |
As of the latest ACS Survey released in 2023, Midland, TX is a predominantly white area, with 46.3% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Midland, TX is hispanic, making up 42.6% of the population. Foreign-born residents account for 10.0% of the population in Midland, TX, and this percentage has decreased by 5.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 46.3% | -8.1% |
% Black | 8.9% | 11.2% |
% Hispanic | 42.6% | 12.1% |
% Asian | 0.7% | -61.1% |
% Foreign Born | 10.0% | -5.7% |
Mortgage and Risk — Midland, TX
According to HUD data as of 2023, there were 541 mortgage originations in Midland, TX, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 82.0%, with 53.0% above 90% LTV (very high). This implies large mortgage risk in Midland, TX. Investor activity is low, as 4.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 541 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Midland, TX
As of 2024, the percent of homes in Midland, TX under the Section 8 program is 5.5%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Midland, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 384 |
Total Units Section 8 | 288 |
% Rentals under Section 8 | 5.5% |
% Occupied Section 8 | 85.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,360 | $1,650 |
| 2 Bedroom | -$70 | $2,000 | $1,930 |
| 3 Bedroom | -$120 | $2,600 | $2,480 |
| 4 Bedroom | -$40 | $3,100 | $3,060 |
Affordability — Midland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $350,000 |
| Median Household Income | $105,000 |