Housing Report for Midland

In Midland, there were a total of 49,247 housing units in the year 2005. This represents a medium level of growth in the number housing units, adding a sum of 843 residential structures since 2001, a change of 1.7 percent.

Midland had an owner-occupied dwelling median in 2005 of $85,200, according to the American Community Survey. This median is less than the overall Texas 2005 home value of $106,000 and less than median home value of $167,500 for the rest of the nation in that year.

It can be understood that there is a large amount of real estate that is affordable in Midland, Texas. In 2005, 70.1 percent of housing was valued under $125k.

Midland is made up of a medium proportion of residential real estate that is high priced. During the year 2005, the American Community Survey counted that 1.2 percent of the homes were valued over $500,000.

In the State of Texas, Midland places 24 of the 25 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 328 of 361, compared to percent change of residential structures in other metropolitan areas throughout the United States.



Data Source: U.S. Census Bureau