Midland County, Texas Housing Market Prices
Midland County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 71% below the Texas median Cheaper than 79% of counties in Texas$75,784
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Median rent About the same as the Texas median More expensive than 92% of counties in Texas$1,406
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Midland County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,784 | $258,873 | $248,835 |
| Price Trend (Annual %) | 6.7% | 9.2% | 7.5% |
| Median Gross Rent | $1,406 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Midland County is about 71% lower than in Texas. Rent follows a similar pattern, running close to the Texas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Midland County, up about 6.7% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Midland County rose about 29.1% between 2015 and 2024, from $1,089 to $1,406. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Midland County.
Buying the median-priced home in Midland County costs roughly 4.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Midland County. The price-to-rent ratio in Texas is about 15.4.
| Metric | Midland County | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $75,784 | $258,873 | $248,835 |
| Median Household Income | $92,213 | $78,939 | $80,455 |
| Price-to-Income Ratio | 0.8 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Midland County fell about 53.8%, while median household income rose about 70.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Midland County | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.9% | 56.7% | 58.5% |
| Rental Rate | 30.1% | 33.9% | 31.2% |
| Vacancy Rate | 7.0% | 9.4% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Midland County has a homeownership rate of 62.9%, higher than the Texas average of 56.7%. Its housing vacancy rate is 7.0%, compared with 9.4% in Texas.
Housing Stock
| Metric | Midland County | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 1991 | 1990 | 1978 |
| Median Number of Rooms | 5.3 | 5.4 | 5.5 |
The typical housing unit in Midland County was built around 1991. On average, 2.6 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Midland County, TX Housing Compared With Nearby Counties
How Midland County, TX compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Midland County, TX | 174,801 | $75,784 #2/2 | $1,406 #1/2 | 67.6% #1/2 |
| Ector County, TX | 164,652 | $207,760 | $1,259 | 64.7% |
Frequently Asked Questions
Common questions about the housing market in Midland County, Texas.
What is the median home price in Midland County, Texas?
The median home price in Midland County, Texas is $75,784, lower than the Texas average of $258,873.
What is the average home price in Midland County, Texas?
The typical home price in Midland County, Texas, reported as the median sale price, is $75,784. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Midland County, Texas?
The median gross rent in Midland County, Texas is $1,406 per month, about the same as the Texas average.
What was the median gross rent in Midland County in 2020?
In 2020, the median gross rent in Midland County, Texas was $1,243 per month.
What is the price-to-rent ratio in Midland County, Texas?
The price-to-rent ratio in Midland County, Texas is about 4.5, meaning it would take roughly 4.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Midland County.
Are home prices or rent rising faster in Midland County, Texas?
Both home prices and rent are rising in Midland County, up about 6.7% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Midland County, Texas?
62.9% of households in Midland County, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Midland County, Texas?
The housing vacancy rate in Midland County, Texas is 7.0%, lower than the Texas average of 9.4%.
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