The Most Affordable Neighborhoods in Permian Estates, Midland, TX by Home Value

 

Permian Estates, Midland, TX Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Permian Estates area can be challenging. Home prices in Permian Estates are now at a median cost of $216,801, lower than the Midland average of $326,804.

The average cost of rent is $1,529/mo in Permian Estates, primarily driven by the current value of real estate in the Permian Estates area. In Permian Estates, 49.16% of households rent, and 42.74% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Permian Estates is $9,828 per month. Households that rent pay about 15.56% of their income on rent here. Permian Estates’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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