Midland, TX—79706
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 $379,000, with a year-over-year change of 2.6%. 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 | $379,000 | 2.6% |
| Single Family | $379,000 | 2.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $353,000 | 3.2% |
4 Bed | $451,000 | 3.0% |
| 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 $2,870, with a year-over-year rent change of 13.0%. Per bedroom, the median rent as of July '25 in Midland, TX is 1-bedrooms: $1,450, 2-bedrooms: $1,400, 3-bedrooms: $2,630, 4-bedrooms: $3,520. The most common rental property sizes in Midland, TX are 3-bedroom and 2-bedroom, accounting for 44.5% and 33.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,530 | $1,450 |
| 2 Bed Rent | $1,400 | $1,400 |
| 3 Bed Rent | $2,630 | $2,630 |
| 4 Bed Rent | $3,200 | $3,520 |
% 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 69. This is a decrease of -4.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $540,000 | 3.0% |
Listing Count | 155 | 38.0% |
| Listings as % of Homes | 0.9% | 38.0% |
Days on Market | 69 | -4.0% |
Demographics — Midland, TX
As of the latest ACS Survey released in 2023, Midland, TX has a population of 32,600, which has increased by 25.8% over the past 5 years. Midland, TX is a popular place for families, as children make up 31.5% of the population. The area has a poorly educated workforce, with 23.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,600 | 25.8% |
% Under 18 | 31.5% | -12.0% |
% Seniors | 9.4% | 42.4% |
% WFH | 3.5% | -5.4% |
% w/ College Degree | 23.2% | 29.6% |
As of the latest ACS Survey released in 2023, Midland, TX is a predominantly hispanic area, with 47.8% of the population identifying as hispanic. The hispanic population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Midland, TX is white, making up 44.0% of the population. Foreign-born residents account for 11.3% of the population in Midland, TX, and this percentage has decreased by 7.4% 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 | 44.0% | -6.6% |
% Black | 3.6% | 200.0% |
% Hispanic | 47.8% | -4.2% |
% Asian | 1.8% | 800.0% |
% Foreign Born | 11.3% | -7.4% |
Mortgage and Risk — Midland, TX
According to HUD data as of 2023, there were 147 mortgage originations in Midland, TX, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 91.0%, with 73.0% above 90% LTV (very high). This implies large mortgage risk in Midland, TX. Investor activity is low, as 1.0% of loans were by investors. 0.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 147 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 0.0% |
Loan Activity
Rentals and Section 8 — Midland, TX
As of 2024, the percent of homes in Midland, TX under the Section 8 program is 3.0%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Midland, TX, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 51 |
Total Units Section 8 | 51 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$130 | $1,530 | $1,400 |
| 2 Bedroom | $240 | $1,400 | $1,640 |
| 3 Bedroom | -$520 | $2,630 | $2,110 |
| 4 Bedroom | -$600 | $3,200 | $2,600 |
Affordability — Midland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $379,000 |
| Median Household Income | $111,000 |