Midland, TX—79707
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 $415,000, with a year-over-year change of 3.3%. This indicates that home prices in Midland, TX are increasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $415,000 | 3.3% |
| Single Family | $417,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $243,000 | 5.7% |
3 Bed | $337,000 | 4.0% |
4 Bed | $533,000 | 3.1% |
| 5 Bed | $755,000 | 3.1% |
% of Housing Stock
Rental Trends — Midland, TX
As of July '25, Rentcast reports the average rent in Midland, TX is $2,520, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Midland, TX is studios: $1,480, 1-bedrooms: $1,190, 2-bedrooms: $1,520, 3-bedrooms: $2,670, 4-bedrooms: $3,650. The most common rental property sizes in Midland, TX are 1-bedroom and 2-bedroom, accounting for 42.3% and 36.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,520 |
| Studio Rent | $1,480 | $1,480 |
| 1 Bed Rent | $1,110 | $1,190 |
| 2 Bed Rent | $1,400 | $1,520 |
| 3 Bed Rent | $2,500 | $2,670 |
| 4 Bed Rent | $3,300 | $3,650 |
% 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 52. This is a increase of 2.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | -7.0% |
Listing Count | 225 | 35.0% |
| Listings as % of Homes | 0.9% | 35.0% |
Days on Market | 52 | 2.0% |
Demographics — Midland, TX
As of the latest ACS Survey released in 2023, Midland, TX has a population of 39,900, which has increased by 2.2% over the past 5 years. Midland, TX is a popular place for families, as children make up 25.7% of the population. The area has a moderately educated workforce, with 40.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 39,900 | 2.2% |
% Under 18 | 25.7% | -0.8% |
% Seniors | 12.0% | 16.5% |
% WFH | 5.7% | 128.0% |
% w/ College Degree | 40.7% | 2.3% |
As of the latest ACS Survey released in 2023, Midland, TX is a predominantly white area, with 56.4% of the population identifying as white. The white population has shrunk by 12.0% in the last 5 years. The second most common race or ethnicity in Midland, TX is hispanic, making up 30.8% of the population. Foreign-born residents account for 11.2% of the population in Midland, TX, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 56.4% | -12.0% |
% Black | 5.2% | -10.3% |
% Hispanic | 30.8% | 23.2% |
% Asian | 4.9% | 28.9% |
% Foreign Born | 11.2% | 0.0% |
Mortgage and Risk — Midland, TX
According to HUD data as of 2023, there were 514 mortgage originations in Midland, TX, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 42.0% 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. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 514 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Midland, TX
As of 2024, the percent of homes in Midland, TX under the Section 8 program is 0.6%. 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 and 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 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 35 |
Total Units Section 8 | 35 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,110 | $1,580 |
| 2 Bedroom | $450 | $1,400 | $1,850 |
| 3 Bedroom | -$120 | $2,500 | $2,380 |
| 4 Bedroom | -$360 | $3,300 | $2,940 |
Affordability — Midland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $415,000 |
| Median Household Income | $100,000 |