Midland, TX
Midland County · Pop. 142,344
Ranked #59 of 243 cities
52Moderate
Median Home Price
🏠$280K
1.5% YoY
Median Rent
🔑$1,300
1.0% YoY
Median Income
💰$72K
Rent Burden
📊25.0%
% of income to rent
Income to Buy
🏦$81K
annual income needed
Income to Rent
📝$52K
annual income needed
Price-to-Income
⚖️3.9x
Homeownership
🏡58.0%
Rent vs. Buy
Buy
$1,490/mo
Est. mortgage (7%, 20% down)
Need $81K/yr income
Rent
$1,300/mo
Median rent
Need $52K/yr income
How Midland Compares
| Metric | Midland | Texas | National |
|---|---|---|---|
| Home Price | $280K | $297K | $410K |
| Rent | $1,300 | $1,413 | $1,500 |
| Income | $72K | $76K | $75K |
| Rent Burden | 25.0% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in Midland are 32% lower than the national average.
- • Rent is 13% lower than the national average.
- • You need an income of $81K to comfortably buy a home here.
- • The homeownership rate is 58.0%, compared to 65.0% nationally.