In Midland, a typical home is worth $319,200 and typical rent is $1,434 a month. Home values, rent and income are very close to those of all of Midland County.
Typical home value from Zillow, September 2021 to September 2026: from $281,398 to $328,375.
Typical rent
$1,565a month
▼ 1.3% less than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,183 to $1,565.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Midland is in Midland County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Midland County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Lamesa, the typical home value is $95,000: 70% less than in Midland ($319,200).
2
Nearby, in Lamesa, the typical rent is $813: 43% less than in Midland ($1,434).
3
According to Zillow, in the 12 months to September 2026 the typical home value in Midland rose 1.8%; in Texas, it fell 1.4%.
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Midland
What homes there are in Midland, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Midland
Midland County
Texas
United States
Kind of home: Midland and its comparisons
Measure
Midland
Midland County
Texas
United States
Detached house
64%
61%
64%
61%
Attached house
4%
4%
3%
6%
Building of 2 to 4
6%
5%
5%
8%
Apartments (5 or more)
23%
21%
21%
19%
Mobile home
3%
9%
6%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
The detached house is the most common home in Midland: 64% of homes, near the figure in Midland County (61%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Midland
Midland County
Texas
United States
Year built: Midland and its comparisons
Measure
Midland
Midland County
Texas
United States
Before 1960
19%
16%
12%
26%
1960–1979
18%
16%
21%
24%
1980–1999
25%
26%
28%
25%
2000–2009
10%
11%
18%
14%
2010 or later
28%
30%
21%
11%
By age, homes in Midland look like those in Midland County: the typical year built is 1989.
In Midland, 62% of homes have 3 bedrooms or more, about the same as in Midland County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limit
Under $100K9%
$100K–$200K11%
$200K–$300K26%
$300K–$500K41%
$500K–$750K8%
FHA limit: $541,287
$750K–$1M4%
$1M or more2%
Value of owner-occupied homes: Midland and its comparisons
Measure
Midland
Under $100K
9%
$100K–$200K
11%
$200K–$300K
26%
$300K–$500K
41%
$500K–$750K
8%
$750K–$1M
4%
$1M or more
2%
The FHA loan limit for Midland County is $541,287, and about 88% of owner-occupied homes in Midland are worth less than that.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5004%
$500–$99913%
$1,000–$1,49939%
$1,500–$1,99927%
HUD fair market rent, 2 bedrooms: $1,794
$2,000–$2,49912%
$2,500–$2,9995%
$3,000 or moreUnreliable
Monthly rent with utilities: Midland and its comparisons
Measure
Midland
Under $500
4%
$500–$999
13%
$1,000–$1,499
39%
$1,500–$1,999
27%
$2,000–$2,499
12%
$2,500–$2,999
5%
$3,000 or more
Unreliable estimate
About 71% of rented homes in Midland cost less than HUD's 2-bedroom fair market rent for Midland County ($1,794).
With a mortgage
$2,205 a month
Midland County: $2,259 a month
Without a mortgage
$766 a month
Midland County: $698 a month
Owners with a mortgage
57%
Midland County: 55%
The typical cost for an owner with a mortgage in Midland is $2,205 a month, near the figure in Midland County ($2,259).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Midland+45%
Midland County+47%
Texas+65%
United States+53%
Typical rent
Midland+14%
Midland County+10%
Texas+34%
United States+33%
Typical household income
Midland+13%
Midland County+17%
Texas+27%
United States+29%
Change since 2015–2019: Midland and its comparisons
Measure
Midland
Midland County
Texas
United States
Typical home value
+45%
+47%
+65%
+53%
Typical rent
+14%
+10%
+34%
+33%
Typical household income
+13%
+17%
+27%
+29%
The typical home value in Midland rose 45% since 2015–2019, about the same as in Midland County (47%).
The typical rent in Midland rose 14% over the same time; in Midland County, it rose 10%.
While home values in Midland changed +45% and rent +14%, the typical household income rose 13%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Midland and its comparisons
Measure
Midland
Midland County
Texas
United States
Rental vacancy
8.6%
8.6%
7.7%
5.5%
Homeowner vacancy
1.1%
Unreliable estimate
1.1%
0.9%
More than one person per room
4.6%
5.0%
4.8%
3.4%
People per household
2.53
2.56
2.69
2.53
Drive alone
79%
80%
71%
69%
Carpool
12%
12%
10%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
1%
1%
2%
3%
Work from home
6%
5%
14%
15%
Other means
1%
1%
2%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Midland County, the rental vacancy rate in Midland is 8.6%.
In Midland, 4.6% of households live with more than one person per room, about the same as in Midland County.
A household in Midland has 2.53 people on average, about the same as in Midland County (2.56).
To get to work, 79% of workers in Midland drive alone; in Midland County, 80%.
Do the math
What would you pay each month for a home in Midland?
A typical home costs more than the typical income allows
We start with a typical home in Midland, worth $319,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 37% of the typical household income in Midland, which is $89,585 a year. For that payment to be 28% of income, a household would need to earn about $117,223 a year.
The calculator's FHA and conventional loan limits are those of all of Midland County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Midland. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $11,172 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,735
at 7.18% · 30 years
Loan amount
$313,418
Total interest
$450,936
Paid off in
November 2056
Includes $5,390 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,090 a month
Tight
$2,090 to $2,688 a month
Hard
more than $2,688 a month
Your payment · 37%
Compared with the typical household income in Midland ($89,585 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,123
Property tax
$338
Home insurance
$133
FHA mortgage insurance (MIP)
$141
You need at least $11,172 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,735; principal and interest $2,123.
The city and its county
Midland and Midland County
Midland is in Midland County, Texas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Midland
Map of Midland County, Texas, with Midland marked. Around it, the neighboring counties.
Midland
Midland County
Other cities with a page
Midland's own numbers
Typical home value
$319,200
Typical monthly rent
$1,434
Typical yearly household income
$89,585
Households that own their home
65%
Effective property tax rate
1.27%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Midland County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,794
Price change over 5 years (FHFA)
+24%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Midland County.
A typical home in Midland is worth $319,200: 2% above the county and 12% above Texas. With the typical household income in Midland ($89,585 a year), a typical home costs 3.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Midland3.6 years
County3.4 years
Texas3.6 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Midland County
According to FHFA’s house price index, home prices in Midland County rose 54% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Midland County.
Yearly change in FHFA’s price index in Midland County, 2016 to 2025
2016: −0.9% −0.9% 2016
2017: +5.3% +5.3% 2017
2018: +9.9% +9.9% 2018
2019: +8.3% +8.3% 2019
2020: +0.3% +0.3% 2020
2021: +2.5% +2.5% 2021
2022: +5.6% +5.6% 2022
2023: +5.3% +5.3% 2023
2024: +4.6% +4.6% 2024
2025: +3.8% +3.8% 2025
Change in FHFA’s price index in Midland County, Texas and the United States
Period
County
Texas
U.S.
Last year (2025)
+3.8%
+0.8%
+2.9%
5 years (2020–2025)
+24%
+44%
+47%
10 years (2015–2025)
+54%
+88%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Midland next to Midland County, Texas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Midland$319,200
County$312,700
Texas$283,800
United States$332,700
Typical monthly rent
Midland$1,434
County$1,407
Texas$1,403
United States$1,413
Typical yearly household income
Midland$89,585
County$92,874
Texas$78,476
United States$80,734
See the full table
Midland next to Midland County and Texas
Measure
Midland
Midland County
Texas
U.S.
Typical home value
$319,200 ▲2% above the county
$312,700
$283,800
$332,700
Typical monthly rent
$1,434
$1,407
$1,403
$1,413
Typical yearly household income
$89,585 ▼4% below the county
$92,874
$78,476
$80,734
Households that own their home
65% ▼3 points below the county
68%
63%
65%
Typical yearly property tax
$4,067 ▲6% above the county
$3,832
$4,232
$3,119
Effective property tax rate
1.27% ▲0.04 points above the county
1.23%
1.49%
0.94%
Renters with high rent for their income
53% ▲3 points above the county
49%
52%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Midland County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Midland
For a typical $319,200 home in Midland, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Midland's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,735a month
Least cash to close
Down payment
$11,172
Cash to close
$20,748
Rate
7.18%
Mortgage insurance
FHA MIP · $141
Conventional, 5% down$2,677a month
Down payment
$15,960
Cash to close
$25,536
Rate
7.18%
Mortgage insurance
PMI · $152
Conventional, 20% down, no PMI$2,201a month
Down payment
$63,840
Cash to close
$73,416
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,496a month
Down payment
$47,880
Cash to close
$57,456
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Midland
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,735
$11,172
$313,418
7.18%
FHA MIP · $141
$20,748
580
Conventional, 5% down
$2,677
$15,960
$303,240
7.18%
PMI · $152
$25,536
620*
Conventional, 20% down, no PMI
$2,201
$63,840
$255,360
7.18%
None
$73,416
620*
ITIN, 15% down (example)
$2,496
$47,880
$271,320
8.18%
None
$57,456
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Midland is $1,434 a month: about the same as the county. In Midland, 53% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Midland County, by unit size. To pay the 2-bedroom one ($1,794 a month) without spending more than 30% of your income, you would need to earn $34.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Midland County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,335
$25.67
$53,400
1 bedroom
$1,408
$27.08
$56,320
2 bedrooms
$1,794
$34.50
$71,760
3 bedrooms
$2,223
$42.75
$88,920
4 bedrooms
$2,401
$46.17
$96,040
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Midland
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Midland has 4 ZIP codes with their own.
For 2 bedrooms it runs from $1,680 in 79701 to $1,910 in 79703.
3 of the 4 are above the fair market rent for Midland County ($1,794).
2-bedroom fair market rent in each of the 4 ZIP codes of Midland, beside the one for Midland County. For 2 bedrooms it runs from $1,680 in 79701 to $1,910 in 79703. 3 of the 4 are above the fair market rent for Midland County ($1,794).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,794
Lowest: $1,680 (79701)Highest: $1,910 (79703)
Fair market rent by ZIP code, HUD area and size in Midland, fiscal year 2027. A ZIP code that crosses a HUD area line appears once per area.
79701
Midland, TX
$1,290
$1,320
$1,680
$2,080
$2,410
79703
Midland, TX
$1,440
$1,500
$1,910
$2,370
$2,680
79705
Martin County, TX
$1,380
$1,450
$1,850
$2,290
$2,490
79707
Midland, TX
$1,340
$1,410
$1,800
$2,230
$2,410
ZIP code2 bd3 bd
79701 $1,680$2,080
79703 $1,910$2,370
79705 $1,850$2,290
79707 $1,800$2,230
4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Midland when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 18 buildings with rents for lower incomes in Midland. These are the largest.
Scharbauer Flats2300 N Fairgrounds Rd, Midland 79705300 low-income homes · For older adults, people with disabilities, families, people experiencing homelessness
Palladium at West Francis1707 W Francis Ave, Midland 79701240 homes, 217 low-income · For older adults, people with disabilities, families, people experiencing homelessness
Compass Pointe Apartments1509 Wayside Dr, Midland 79701206 low-income homes · 1 bd: 50 · 2 bd: 96 · 3 bd: 60 · In service since 2017 · For older adults, people with disabilities, families, people experiencing homelessness
Ventura at Tradewinds1811 Tradewinds Blvd, Midland 79706204 low-income homes · For older adults, people with disabilities, families, people experiencing homelessness
Park Glen Apts2300 Camp Dr, Midland 79701160 low-income homes · 1 bd: 40 · 2 bd: 72 · 3 bd: 48 · In service since 1999
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There is 1 HUD-approved agency with an office in Midland County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Midland or Midland County. The ones below are statewide in Texas: they work in Midland the same as in the rest of the state.
Texas state program for first-time buyers: a 30-year mortgage with down payment assistance.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state program with down payment assistance for any buyer, not only first-time buyers.Offered by Texas Department of Housing and Community Affairs (TDHCA).
Texas state certificate that turns part of your mortgage interest into a credit on your federal tax return.Offered by Texas Department of Housing and Community Affairs (TDHCA).
No legal help resource on our list is for Midland or Midland County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Midland and all of Midland County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Midland?
The typical home value in Midland is $319,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Midland County it is $312,700.
How much does it cost to rent in Midland?
Typical rent in Midland is $1,434 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Midland County is $1,794.
What is the FHA loan limit in Midland?
Midland uses the FHA limit for all of Midland County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Midland?
The typical homeowner in Midland pays $4,067 a year, according to the U.S. Census Bureau. That is 1.27% of the home’s value; in Midland County, the rate is 1.23%.
Where can I find free help to buy or rent in Midland?
There is 1 HUD-approved counseling agency with an office in Midland County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
