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 Type | 2.50% |
| One Bedroom | 15.20% |
| Two Bedrooms | 24.80% |
| Three Bedrooms | 40.60% |
| Four Bedrooms | 15.10% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.84 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $72,500 |
| Median Price asked for vacant units | $66,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $355 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.20% |
| Home Equity Loan | 2.90% |
| Simple Mortgage | 59.50% |
| Debt Free | 36.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
