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Midland, TX Real Estate


According to census data in the year 2000 there were 39,826 housing units in Midland. This represents a 3.6% growth from 38,453 in 1990.

Of those housing units, 39,310 were located in either urbanized areas or urban clusters, and 516 were located in what is classified as a rural area.

Homeownership rate in Midland is about 66%. Midland's vacancy rate, including seasonal lodging, is about 10.4%. Average household size is 2.63 people.

The majority of houses, apartments or condos in Midland were built after 1973.

Statistics

Housing Size

Housing Units by Size
Studio Type2.50%
One Bedroom15.20%
Two Bedrooms24.80%
Three Bedrooms40.60%
Four Bedrooms15.10%
Five Bedrooms or more1.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.84
Median year structure was built1969
Median Value of occupied units$72,500
Median Price asked for vacant units$66,300

Rented Homes, Apartments and Condos

Average Household Size2.21
Median year structure was built1977
Median Monthly Rent asked for vacant units$355

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.20%
Home Equity Loan2.90%
Simple Mortgage59.50%
Debt Free36.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17%