Midlothian, Texas Housing Market Prices
Midlothian 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 14% above the Texas median$294,022
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Median rent 41% above the Texas median$1,971
Housing Market Overview
| Metric | Midlothian | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $294,022 | $258,873 | $248,835 |
| Price Trend (Annual %) | 290.1% | 9.2% | 7.5% |
| Median Gross Rent | $1,971 | $1,402 | $1,407 |
| Rent Trend (Annual %) | 8.3% | 5.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Midlothian is about 14% higher than in Texas. Rent is about 41% higher than 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 Midlothian, up about 290.1% and 8.3% a year respectively. Home prices are changing faster.
Median rent in Midlothian rose about 103.5% between 2015 and 2024, from $969 to $1,971. Over the same span, rent in Texas rose about 59.1%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in Midlothian.
Buying the median-priced home in Midlothian costs roughly 12.4 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 Midlothian. The price-to-rent ratio in Texas is about 15.4.
| Metric | Midlothian | Texas Avg | US Average |
|---|---|---|---|
| Median Home Price | $294,022 | $258,873 | $248,835 |
| Median Household Income | $127,621 | $78,939 | $80,455 |
| Price-to-Income Ratio | 2.3 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Midlothian rose about 956.5%, while median household income rose about 56.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Midlothian | Texas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.4% | 56.7% | 58.5% |
| Rental Rate | 19.0% | 33.9% | 31.2% |
| Vacancy Rate | 2.6% | 9.4% | 10.2% |
| Median Tenure (years) | 11.0 | 14.0 | 15.0 |
| Median Year Moved In | 2015 | 2012 | 2011 |
Midlothian has a homeownership rate of 78.4%, higher than the Texas average of 56.7%. Its housing vacancy rate is 2.6%, compared with 9.4% in Texas.
Housing Stock
| Metric | Midlothian | Texas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.97 people | 2.69 people | 2.53 people |
| Median Structure Built Year | 2006 | 1990 | 1978 |
| Median Number of Rooms | 6.4 | 5.4 | 5.5 |
The typical housing unit in Midlothian was built around 2006. On average, 3.0 people live in a home with about 6.4 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Midlothian, Texas.
What is the median home price in Midlothian, Texas?
The median home price in Midlothian, Texas is $294,022, higher than the Texas average of $258,873.
What is the average home price in Midlothian, Texas?
The typical home price in Midlothian, Texas, reported as the median sale price, is $294,022. 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 Midlothian, Texas?
The median gross rent in Midlothian, Texas is $1,971 per month, higher than the Texas average of $1,402.
What was the median gross rent in Midlothian in 2020?
In 2020, the median gross rent in Midlothian, Texas was $1,286 per month.
What is the price-to-rent ratio in Midlothian, Texas?
The price-to-rent ratio in Midlothian, Texas is about 12.4, meaning it would take roughly 12.4 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 Midlothian.
Are home prices or rent rising faster in Midlothian, Texas?
Both home prices and rent are rising in Midlothian, up about 290.1% and 8.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Midlothian, Texas?
78.4% of households in Midlothian, Texas own their home, higher than the Texas average of 56.7%.
What is the vacancy rate in Midlothian, Texas?
The housing vacancy rate in Midlothian, Texas is 2.6%, lower than the Texas average of 9.4%.
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