Midland, TX home prices
Typical home $327,933 · +1.7% in a year · income needed $97,000
The Midland, TX metro area ranks 262 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.7% in a year and +16.2% over five years. With 20% down at 7.11%, the typical home costs about $2,264 a month including 1.23% property tax (Midland County rate).
Mortgage on the typical Midland home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $65,587 | $262,346 | $1,765 | $0 | $499 | $2,264 | $97,000 |
| 10% down | $32,793 | $295,140 | $1,985 | $123 | $499 | $2,607 | $111,700 |
| 5% down | $16,397 | $311,536 | $2,096 | $130 | $499 | $2,724 | $116,800 |
| 3.5% down (FHA) | $11,478 | $321,993 | $2,166 | $145 | $499 | $2,810 | $120,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.23% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Midland area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Midland County, TX | $329,884 | +1.7% | 1.23% |
| Martin County, TX | $251,649 | +1.8% | 0.91% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Midland?
The typical home in the Midland, TX metro area is worth $327,933 (Zillow, September 2026).
What salary do you need to buy a house in Midland?
About $97,000 a year for the typical home with 20% down at 7.11%.