Safe Rate Local

Midland

Learn about the people, housing, costs and businesses in Midland

Median Home$203,726
Median Rent$1,049/month
Population83,757
Leading IndustryRetail19% of local workforce
Home Value Growth⬆⬆+15.9% over 2 years
Retirees20% of residentsslightly above average
Homeowners78% of occupied units
NotableAffordable Market$204k median home · lower cost than 77% of the country
Midland

Frequently Asked Questions

What are today's mortgage rates in Midland?

Mortgage rates for Midland are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Midland
What is the median home price in Midland?

The median home value in Midland is $204k. The median monthly rent is $1,049. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Midland?

Home values in Midland have increased 15.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Midland?

Based on a typical all-in ownership cost of $1,043/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Midland is $84k/year.

Calculate your buying power
What industries drive the economy in Midland?

The largest employment sectors in Midland are public administration (25%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.