62 / 100

Midland County, TX

RANK #376 / 996 NAT  ·  #20 / 69 TX  ·  POP 169,393

1YR FORECAST: +1.8%

5YR OUTLOOK: +27%

#3 Most Undervalued
Midland County's housing market is projected to grow +1.8% over the next year, tracking near the national average.

[01] Why Midland County?

Midland County, Texas, often referred to as "The Tall City" due to its distinctive downtown skyline, is situated in West Texas, roughly halfway between Fort Worth and El Paso. The county seat, Midland, serves as a central hub for the vast Permian Basin. Despite its arid surroundings, the area offers outdoor recreation at places like Watersong Wild Space, formerly the I-20 Wildlife Preserve, which features an 86-acre urban playa lake, hiking trails, and opportunities for birdwatching. Commuting within Midland is generally efficient, with an average one-way commute of 18.8 minutes, shorter than the national average. Public transportation includes fixed-route and on-demand bus services.

Life in Midland County is characterized by a family-friendly atmosphere and a strong sense of community. The local economy, historically driven by oil and gas production, is experiencing diversification into sectors like aerospace and logistics. Major investments are flowing into energy infrastructure and related industries, supporting job growth. The area also sees ongoing public infrastructure improvements, enhancing connectivity and preparing for future commercial and residential expansion. Midland Independent School District and Greenwood Independent School District serve the county's students.

[02] Market Snapshot

Housing Ratio
1.3x

Undervalued relative to economy

GDP Growth
+5.9%

Well above national median

Home Prices
+2.7%

Outpacing national median

Climate & Terrain
1.4

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 1.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Midland Independent School District Education
  2. 2
    Midland Health Healthcare
  3. 3
    Chevron Energy
  4. 4
    Diamondback Energy Energy
  5. 5
    Pioneer Natural Resources Energy
  6. 6
    City of Midland Government
  7. 7
    H-E-B Retail
  8. 8
    EOG Resources, Inc. Energy
  9. 9
    Patterson-UTI Energy, Inc. Energy
  10. 10
    Baker Hughes Energy

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Midland County U.S. National

The Numbers

DEMOGRAPHICS
Population
169,393
+1.45% YoY
Median Household Income
$90,123
Median Home Value
$272,900
+2.73% 12mo
Median Rent
$1,375
Average Annual Pay
$97,166
+5.0% YoY
Employment
118,325
+3.1% YoY
Income-to-Home-Value
0.3302
More affordable than average
Migration Inflow
5.96%
of pop. from another state
Bachelor's Degree+
29.4%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$270,000
Days on Market
199
Slower market
Months of Supply
688.0
Buyer's market
Sale-to-List Ratio
88.5%
Negotiation room for buyers
Listings w/ Price Drops
28.9%
Building Permits (2024)
1,504
Single-Family Permits
1,504

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.7
per 100K · nat avg 6.3
Firearm Fatalities
18.0
per 100K · nat avg 14.8
Injury Deaths
73.3
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$17,381M
TOTAL
PROJECT AMOUNT STATUS
Texas Critical Data Centers (TCDC) Campus
New Era Energy & Digital, Stream Data Centers, Sharon AI Inc.
$12,000M Under Construction
FO Permian Partners/HiVolt Energy Data Center Campus
FO Permian Partners, HiVolt Energy
$4,500M Planned
Enterprise Products Partners Leonidas Natural Gas Processing Plant
Enterprise Products Partners L.P.
$500M Operating
Midland County Wind Farm
NextEra Energy
$141M Permitting
Pioneer Hutt Wind Energy
Pioneer Hutt Wind Energy, LLC
$140M Operating
Pinnacle Midstream II Dos Picos Natural Gas Processing Plant (Train 2)
Pinnacle Midstream II LLC
$100M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +5.9% 90 percentile
Population Growth +1.4% 82 percentile
Income Growth +2.2% 1 percentile
Vacancy Rate 1.5% 22 percentile
Home Price Change +2.7% 69 percentile
Rent Growth +2.8% 45 percentile
Price/Rent 14x 40 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Midland County, TX a good place to move to?

With a Boom Town Index score of 62/100, Midland County sits in the upper half of all 996 ranked counties. Employment is expanding at +3.1%, and median household income stands at $90,123 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in TX.

Is Midland County affordable?

Housing in Midland County is roughly in line with national affordability norms. The median home costs $272,900 and the income-to-home-value ratio sits at 0.33, with rents averaging $1,375/month. Not a bargain, but not a stretch for most local earners either.

Is Midland County growing or shrinking?

Midland County is growing on multiple fronts. Population is up +1.4% year-over-year while employers added jobs at a +3.1% clip. Home values shifted +2.7% in the past year.

Are people moving to Midland County?

In significant numbers — 5.96% of Midland County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

[09] Similar Counties by Size & Score

Gregg County, TX 63 Angelina County, TX 64 Liberty County, TX 67 Wichita County, TX 68 Victoria County, TX 56 Navarro County, TX 71 Kootenai County, ID 62 Tangipahoa Parish, LA 62