Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$327,933+1.7% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$71,089About 0.7× the local median income ($97,452): affordable for a typical household
Days on market57 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.6%Zillow expects prices to rise slightly
The typical home in Midland, TX is worth $327,933, up 1.7% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $328,500, so the area is 0.2% undervalued. It is a buyer's market: homes take about 57 days to sell, listings are up 6% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 2.6% over the next year. A household needs about $71,089 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $97,452. Typical rent is $1,571 a month, or $2,536 for a house. In the latest IRS figures, 1,808 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$327,933
Change in 1 year
+1.7%
Overvalued %
−0.2%
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Fair home value
$328,500
Change in 5 years
+16.2%
Zillow forecast, next 12 months
+2.6%
Home value to income
3.4×
Monthly mortgage payment (20% down)
$1,777
Income needed to afford it
$71,089
Property tax rate
1.22%
Rent and investing
Typical rent
$1,571
Typical rent for houses
$2,536
Price-to-rent ratio
17.4×
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HUD Fair Market Rent, 2 bedrooms
$1,794
Gross rental yield
5.75%
Cap rate (estimate)
3.74%
Market activity
Listings vs a year ago
+6.4%
Days on market
57
Listings with a price cut
24.4%
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Homes for sale
728
Pending sales per 100 listings
19
Asking price per sq ft
$192
People and jobs
Median household income
$97,452
Population change (1 year)
+2.0%
Unemployment rate
3.4%
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Population
193,139
Income adjusted for cost of living
$101,724
Net moves in (IRS)
+1,808
Cost of living (US = 100)
95.8
Schools, risk and environment
School rating (1 to 10)
4.9
FEMA hazard risk score (0 to 100)
79.5
Flood risk score
79.1
Show 3 more
Wildfire risk score
92.5
Walkability (1 to 20)
8.0
Road, rail and air noise
53 dB
Questions people ask
Is Midland, TX overvalued?
Home prices in Midland, TX are slightly below what local incomes have historically supported: fair value is about $328,500, so the area is 0.2% undervalued.
Is Midland, TX a buyer's or seller's market?
Midland, TX is a buyer's market: homes take about 57 days to sell, listings are up 6% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Midland, TX?
Home values in Midland, TX are up 1.7% over the last year. Zillow's forecast for the next 12 months is +2.6%.
How much do you need to earn to buy a home in Midland, TX?
A household needs about $71,089 a year to afford the typical home in Midland, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $97,452.