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 | Feb | vs Last Month |
---|---|---|
Studio apartments | $1,700 | +81.8% |
1-bed apartments | $953 | +13.3% |
2-bed apartments | $1,652 | +1% |
3-bed apartments | $2,257 | +1.3% |
4+ bed apartments | $3,212 | +1.6% |
Over the February 2023, the average rent for an apartment in/near Midland, TX increased by 1.6% to $2,291.
Compared to the last month, the average price for a rental studio in Midland, TX has increased by 81.8%. You can expect to rent the studio for $1,700 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment increased by 13.3% to $953. Pricing for 2-bed apartment also increased by 1% and a place of this size will now cost you $1,652. 3-bed apartment rent pricing starts at $2,257, it increased by 1.3% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 1.6% and made it up to $3,212.
Rent Type Price | Feb | vs Last Month |
---|---|---|
Townhouses for rent | $2,120 | +0.7% |
Houses for rent | $2,421 | +0.5% |
Duplexes for rent | $2,295 | +2.7% |
Condos for rent | $1,287 | -19.6% |
Apartments for rent | $1,270 | +12.5% |
Lofts for rent | $2,000 | +0% |
The median rent for an apartment in Midland, TX increased by 12.5% to $1,270. Statistics show that house rent price increased by 0.5% this month making it up to $2,421. Condos faced an upward trend these days. The median rent for a condo decreased by 19.6%, it’s now available for $1,287. You can now rent a duplex for $2,295, duplex rent price increased by 2.7% this month. The median rent for a loft did not face significant changes this time, it now still goes for $2,000. The median rent for a townhouse increased by 0.7%, you’ll have to spend around $2,120 to get one.