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Midland County, TX

RANK #905 / 1001 NAT  ·  #56 / 72 TX  ·  POP 174,801

1YR FORECAST: -0.5%

5YR OUTLOOK: +18%

#22 Most Undervalued
Our model projects Midland County's housing market at -0.5% over the next year, underperforming most U.S. counties.

[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.

MARKET PROFILE
LEANS TOWARD

Affordable Slow Markets

Midland County is one of 75 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +2.4% runs above the profile's typical +0.8%.

See all 75 Affordable Slow Markets counties →

[02] Market Snapshot

Housing Ratio
4.7x

Below national median (11.3x)

Home Prices
+2.4%

Above national median

Climate & Terrain
1.4

Moderate climate & terrain

Price/Rent
16x

Above national median (15x)

Housing is fairly valued at 4.7x 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
174,801
+1.93% YoY
Median Household Income
$92,874
Median Home Value
$312,700
+2.35% 12mo
Median Rent
$1,407
Average Annual Pay
$96,281
-0.9% YoY
Employment
119,727
+1.2% YoY
Income-to-Home-Value
0.297
More affordable than average
Migration Inflow
5.89%
of pop. from another state
Bachelor's Degree+
31.0%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$414,500
Days on Market
216
Slower market
Months of Supply
370.0
Buyer's market
Listings w/ Price Drops
31.9%
Building Permits (2025)
1,317
Single-Family Permits
1,317

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

Population Growth +1.9% 86 percentile
Income Growth -1.2% 3 percentile
Vacancy Rate 1.9% 9 percentile
Home Price Change +2.4% 60 percentile
Rent Growth -0.8% 7 percentile
Price/Rent 16x 39 percentile

Bars show percentile rank among all 1001 counties.

[08] Frequently Asked Questions

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

The data is not encouraging — Midland County scores just 9/100 on the Boom Town Index, ranking #905 of 1001 counties. Job growth at +1.2% and median household income of $92,874 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Midland County affordable?

Housing in Midland County is roughly in line with national affordability norms. The median home costs $312,700 and the income-to-home-value ratio sits at 0.30, with rents averaging $1,407/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 +1.9% year-over-year while employers added jobs at a +1.2% clip. Home values shifted +2.4% in the past year.

Are people moving to Midland County?

In significant numbers — 5.89% 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

Grayson County, TX 9 Bell County, TX 10 Kerr County, TX 10 Montgomery County, TX 10 Bastrop County, TX 8 Nueces County, TX 11 Newton County, GA 9 Stafford County, VA 8