Midland, TX—79701
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 $212,000, with a year-over-year change of 6.5%. 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 | $212,000 | 6.5% |
| Single Family | $213,000 | 6.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $172,000 | 7.5% |
3 Bed | $263,000 | 5.2% |
4 Bed | $343,000 | 5.2% |
| 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 $2,060, with a year-over-year rent change of 20.5%. Per bedroom, the median rent as of July '25 in Midland, TX is studios: $1,370, 1-bedrooms: $1,270, 2-bedrooms: $1,560, 3-bedrooms: $2,360, 4-bedrooms: $6,150. The most common rental property sizes in Midland, TX are 2-bedroom and 1-bedroom, accounting for 37.0% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,060 |
| Studio Rent | $1,370 | $1,370 |
| 1 Bed Rent | $1,150 | $1,270 |
| 2 Bed Rent | $1,350 | $1,560 |
| 3 Bed Rent | $2,200 | $2,360 |
| 4 Bed Rent | $2,300 | $6,150 |
% 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 50. This is a increase of 20.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $322,000 | 0.0% |
Listing Count | 80 | -4.0% |
| Listings as % of Homes | 0.6% | -4.0% |
Days on Market | 50 | 20.0% |
Demographics — Midland, TX
As of the latest ACS Survey released in 2023, Midland, TX has a population of 27,700, which has decreased by -9.8% over the past 5 years. Midland, TX is a popular place for families, as children make up 30.6% of the population. The area has a poorly educated workforce, with 18.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,700 | -9.8% |
% Under 18 | 30.6% | 4.1% |
% Seniors | 12.8% | 34.7% |
% WFH | 5.1% | 292.3% |
% w/ College Degree | 18.6% | 17.7% |
As of the latest ACS Survey released in 2023, Midland, TX is a predominantly hispanic area, with 60.7% of the population identifying as hispanic. The hispanic population has shrunk by 6.9% in the last 5 years. The second most common race or ethnicity in Midland, TX is white, making up 26.8% of the population. Foreign-born residents account for 16.9% of the population in Midland, TX, and this percentage has decreased by 11.1% 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 | 26.8% | 11.7% |
% Black | 10.2% | -3.8% |
% Hispanic | 60.7% | -6.9% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 16.9% | -11.1% |
Mortgage and Risk — Midland, TX
According to HUD data as of 2023, there were 267 mortgage originations in Midland, TX, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 54.0% above 90% LTV (very high). This implies large mortgage risk in Midland, TX. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 267 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Midland, TX
As of 2024, the percent of homes in Midland, TX under the Section 8 program is 6.3%. 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. 1-bedroom and 2-bedroom and 4-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 units do not.
Section 8 Market Size
Total Units under HUD | 284 |
Total Units Section 8 | 244 |
% Rentals under Section 8 | 6.3% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $270 | $1,150 | $1,420 |
| 2 Bedroom | $320 | $1,350 | $1,670 |
| 3 Bedroom | -$60 | $2,200 | $2,140 |
| 4 Bedroom | $350 | $2,300 | $2,650 |
Affordability — Midland, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $212,000 |
| Median Household Income | $57,700 |