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.
|Number Of Employees||66,621|
|Median Property Value||$193,200|
|Rent Price||Feb||vs Last Month|
|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.