Midland, TX Housing Market: Home Prices & Rent
Midland home values since 2000
Last few years
Rent in Midland
Owning vs renting, monthly
Buying the typical Midland home with 20% down at this week's 7.32% 30-year rate costs about $2,215/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,565/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Midland vs Texas and the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| Midland, TX | $328k | +1.8% | $1,565/mo |
| Texas | $296k | -1.4% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Midland, TX?
No - the typical Midland home value is up 1.8% over the past 12 months, at $328k (September 2026).
Is the Midland housing market crashing?
Home values are close to their 2020s high and up 1.8% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Midland, TX?
Typical rent in Midland is $1,565 a month (September 2026), -1.3% over 12 months.
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Midland, September 2026). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.