Midland, Texas.
Typical home $328,375 (+1.8% in a year), asking rent $1,565 (-1.3%). Midland, TX metro.
to buy the typical home at today's mortgage rate — +$672 (+64%) since Jan 2020.
- 1 year
- Up $5,795 +2%
- $322,580$328,375 since Sep 2025
- 5 years
- Up $46,977 +17%
- $281,398$328,375 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Midland$1,724
- Texas$1,556
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 22 years.
Typical home values in Midland, TX rose 1.8% over the past year — faster than the nation's +1.2%.
Asking rents in Midland, TX fell 1.3% over the past year — slower than the nation's +2.7%.
Owning the typical home in Midland runs $846/mo more than renting one — the widest that gap has been in this data.
That is $2,410 a month against $1,565 rent: a $1,724 mortgage payment, plus $335 property tax and $352 insurance & upkeep.
Owning vs renting — Midland
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,410
- Renting$1,565
- Mortgage only$1,724
Property tax · $335/mo 1.23% of value a year — the ACS 2020-2024 median bill over the median home value for Midland County, TX
Insurance & upkeep · $352/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Midland, Midland County, Texas
Midland is a city of 132,524 people in Midland County. Half its households earn more than $89,585 a year and half less, against $92,874 across Midland County; 12% of its people live below the poverty line. 65% of its homes are lived in by their owners and 35% are rented. Unemployment in Midland was 3.4% in August 2026, and Midland County had 1.2% more jobs in 2025 than the year before. The most residents work in farming, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Midland is a city with a young population compared with much of the country, and most homes are lived in by their owners. Household incomes run a little below the county's, and a good share of adults have finished a four-year degree. Winters are mild and short, summers are hot, and rain and snow are both scarce.
Work. Many residents work in farming, forestry and mining, in schools, hospitals and social care, in shops, and in professional and business services. Among the largest workplaces in Midland are Midland ISD, Chevron Permian Region and Diamondback E&P. Jobs across the county grew slightly last year, and the unemployment rate has eased a little from a year earlier. Most people get to work in a short drive, and few work from home.
Things to do. In or beside town, the Yucca Theatre is a theatre and Christensen Stadium is a stadium. A short drive away, the Permian Basin Petroleum Museum is a museum, and Momentum Bank Ballpark is a stadium for ballgames. The Presidential Museum and Leadership Library is a longer drive away.
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- 53,414households
- 34%of adults have a degree
- 12%below the poverty line
- 20 mintypical commute
- 6%work from home
What residents work in
Employed residents by industry, from the Census survey. Midland County had 119,775 jobs in 2025, 1.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 60° and lows near 31°; warmest in July, with highs near 95° and lows near 70°. About 2 inches of snow and 14 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Midland Ene weather station, 5 miles away (NOAA).
Largest workplaces in Midland
- Midland ISDSchool district3,316FTE
- Chevron Permian RegionPetroleum, crude, production1,847
- Diamondback E&PPetroleum, crude, production1,819
- Midland CollegeUniversity or college843
- American Well ServicesWell servicing, oil and gas field, on a contract basis590
- H-E-BRetail537
- H-E-BRetail522
- ExxonMobilPetroleum, crude, production468
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 86 workplaces with 20 or more staff, 14,115 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HailRelatively high
- Winter weatherRelatively high
- TornadoesRelatively high
- LightningRelatively moderate
- Strong windRelatively moderate
- Cold wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Midland’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Midland County and the Midland, TX metro.
Midland home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Midland$328,375
- Texas$296,424
- United States$366,157
Sellers are cutting prices on about 1 in 3 Midland listings, and the typical home goes pending in 25 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Midland34.92%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Midland25
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Midland839
New listings per month
Sellers arriving at the market.
- Midland232
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Midland$367,279
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Midland98.26%
Zip codes with a Midland address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Midland — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Midland
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 79705 | Midland | 46,653 | $1,655 | $347,959 |
| 79707 | Midland | 40,010 | $1,473 | $416,118 |
| 79706 | Midland | 34,281 | $1,784 | $380,603 |
| 79701 | Midland | 27,131 | $1,552 | $220,074 |
| 79703 | Midland | 20,419 | $1,381 | $240,623 |