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These days, finding an affordable place to live in the Midland area can be challenging. Home prices in Midland are now at a median cost of $326,804, higher than the Texas average of $322,096.
The average cost of rent is $1,541/mo in Midland, primarily driven by the current value of real estate in the Midland area. In Midland, 31.91% of households rent, and 45.16% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Midland is $8,499 per month. Households that rent pay about 18.13% of their income on rent here. Midland’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Spraberry, TX: equally priced homes
- Gardendale, TX: higher priced homes
- Stanton, TX: less expensive homes
- Lomax, TX: less expensive homes
- Goldsmith, TX: less expensive homes
- Lees, TX: less expensive homes
- Forsan, TX: less expensive homes
- Notrees, TX: less expensive homes
- Jal, NM: less expensive homes
- Silver, TX: less expensive homes
Cities with Similar Populations
- Glendale, AZ: higher priced homes
- Glendale, CA: higher priced homes
- Grand Rapids, MI: less expensive homes
- Grand Prairie, TX: less expensive homes
- Goodyear, AZ: higher priced homes
- Coral Springs, FL: higher priced homes
- Danbury, CT: higher priced homes
- Daytona Beach, FL: equally priced homes
- Dalton, GA: less expensive homes
- Des Plaines, IL: less expensive homes
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