Midland, TX has a population of 131,286, while the median age is 32. The household income in Midland, TX is around $75,646. The homeownership rate among the residents is 65%. The median residential property value in Midland, TX that you should keep in mind is $193,200.
Population | 131,286 |
Median Age | 32.1 |
Poverty Rate | 9% |
Household Income | $75,646 |
Number Of Employees | 66,621 |
Median Property Value | $193,200 |
Rent Price |
Apr | vs Last Month |
---|---|---|
Studio apartments | $3,093 | +93.3% |
1-bed apartments | $2,072 | +14.3% |
2-bed apartments | $2,199 | +33.8% |
3-bed apartments | $2,401 | +3.2% |
4+ bed apartments | $4,578 | +35.2% |
Over the April 2023, the average rent for an apartment in/near Midland, TX increased by 19.3% to $2,722.
Compared to the last month, the average price for a rental studio in Midland, TX has increased by 93.3%. You can expect to rent the studio for $3,093 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 14.3% to $2,072. Pricing for 2-bed apartment also increased by 33.8% and a place of this size will now cost you $2,199. 3-bed apartment rent pricing starts at $2,401, it increased by 3.2% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 35.2% and made it up to $4,578.
Rent Type Price |
Apr | vs Last Month |
---|---|---|
Apartments for rent | $2,879 | +56.9% |
Condos for rent | $1,550 | -21% |
Houses for rent | $2,682 | +11.8% |
The median rent for an apartment in Midland, TX increased by 56.9% to $2,879. Statistics show that house rent price increased by 11.8% this month making it up to $2,682. Condos faced an upward trend these days. The median rent for a condo decreased by 21%, it’s now available for $1,550. Townhouse rent pricing didn’t change, the price still starts at $2,000.