Midland, Tx

Population: 128,037
Average annual home appreciation rate: -4.20%
Total of homes for sale in this market: 651
Median home price: $195,790
Median Rent: $1,119
Home price range: 38.28% of homes between $127,001 – $254,000
Median sales price: $160,000
Number of homes: 61
Median foreclosure sales price: $129,156
Foreclosure discount: 19.3%
Most common home type: 68.21% of homes are single family detached
Number of vacant homes: 7.45%
Number of renters: 36.32%
Number of owner occupied: 63.69%
Number people living below poverty level: 11.31%
Unemployment rate: 3.40%
Is this area perfect for real estate deals going on right now? Midland real estate appreciated 92.49% over the last ten years, which is an average annual home appreciation rate of 6.77%, putting Midland in the top 10% nationally for real estate appreciation.

Leave a Reply

Your email address will not be published. Required fields are marked *