Rent to own Homes in Midland, TX
Midland, a town in the state of Texas, can be found in Midland County, and is roughly 156 miles east of El Paso. Within the city limits, there is a total population of 94,996. Midland is located in the heart of Odessa, which is the city's metropolitan area. Its roots trace back to a small farming community called Midway. With the discovery of oil in the Permian Basin in the year of 1923, the city's economy was transformed.
Midland, TX is a great place for affordable rent-to-own homes! With a median household income of over $83,616 and a median rent of $1,256, the Midland, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Midland, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Midland, TX
Neighborhoods in Midland, TX
Lincoln Park rent to own homes Radio Plaza rent to own homes Ashwood Estates rent to own homes Bonham rent to own homes Alamo Heights rent to own homes Anderson rent to own homes Andrews Park rent to own homes Ball Park rent to own homes Bankhead rent to own homes Baumann Heights rent to own homesPopular Zip Codes in Midland, TX
79711 rent to own homes 79712 rent to own homes 79703 rent to own homes 79708 rent to own homes 79705 rent to own homes 79701 rent to own homesBuying a Home in Midland, TX
Midland, TX is seeing rapid growth and Midland, TX's' housing market remains not optimal with an average home price that is 9% above the 2024 national average. Midland, TX is part of Midland county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Midland is 1.5% which is above the national average, which is 0.99%.
Median Home Price in Midland, TX
Median Rent in Midland, TX
Top Reasons to Live in Midland TX
Housing Statistics The average price per square foot was last recorded as $109. This presents a rise of 23.9% in comparison to the same stretch last year, so if you are looking for rental homes, getting in sooner is better! From May 13th to July 13th, the median sales price sat at $182,078--a figure based on a total of four home sales. In comparison to last year, an increase of 30.6% is revealed. At the same time, the number of sales in the area rapidly decreased by 80%. At the moment, the town possesses 651 total new and resale homes, and 31 homes either pre-foreclosure, in auction, or bank-owned. Last time the listing price was checked, on the week ending August 07, the total average was $354,682. This shows a drop of 1.6% in comparison to the week prior. 32.10 of the residents in Midland are renting, while 6.31% remain unoccupied. Houses are available for rent, to buy, and for rent to own.
Local Sports Golf is the major sporting activity in Midland. Hogan Park boasts a total of 36 holes, all of which comprise some of the most enjoyable public golfing in Texas. This park is ordinarily open every day and usually offers bargain prices. There are also a number of high-quality sporting stadiums in the city. Scharbauer is a sports complex on the edge of town, used for its outstanding baseball and soccer facilities. In addition to Scharbauer, Midland homes the minor league baseball team Midland Rockhounds-who play at Citibank Ballpark. Grande Stadium is a fantastic football field with a capacity of 18,000. Friday nights usually promise a game. There is also a basketball arena in town called Chaparral Center, which is home to the Midland College Chaparrals.
Transportation and Commutes Journeying by car to and from Midland is relatively easy. Midland is located on I-20, right in between Fort Worth and El Paso. There are other highways connecting the city to a number of main points in the state, including San Angelo, Fort Stockton, and Lubbock. There is a range of airlines that connect locals and visitors from the Midland International Airport to Austin, Dallas, Houston, Fort Worth, and Las Vegas, Nevada. Midland is also served by Greyhound buses. When getting around the city itself, it is advised to use a car. The traffic around Midland is almost always very minimal and parking is always available. Even in the center of town, drivers are likely to find a plethora of two-hour free parking spaces. The EZ-Rider bus system is a strong one and should be taken advantage of by those who don't have access to a car.
Nightlife Midland also has a thriving nightlife. One of the most highly recommended spots is Woofers & Tweeters on 3303 N. Midkiff Rd. Visitors here will find great food and drinks, music, TV, pool, and karaoke. The staff will leave live sports entertainment playing on the television and invite local bands to play on weekends. If looking for a later drink, it is important to check out Club Arriba, found on 1006 S. Midkiff Rd. The first-class DJs will impress with energetic beats all night long. Try Club Oasis on 3101 Bankhead Highway for some great cocktails into the early hours, if you're looking for something more relaxed.
Outdoors Activities There are some great opportunities for locals and visitors to spend time outdoors, and engage in a myriad of activities and a lot of fun. Locals will visit Tolbert Park, Trinity Park, Doug Russell Park, Fasken Park, and CJ Kelly Park to enjoy leisure hours. It is also advised that visitors and locals attend the Celebration of the Arts, which kicks off every summer in Midland. The Centennial Plaza hosts plenty of entertainment, food, and art for a total of three days every May. Here, those attending can enjoy 70 juried artists and entertainment of all sorts on five stages. Rock the Desert, a three-day Christian festival, also takes place once a year here, in August.