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Example household · $83,730 · same pay · 1 adult

Midland

Housing in Midland, TX: Rent, Home Prices & Property Tax

$2,506 left/mo

$1,254/mo (1 bd) in Midland. Median home $290,300. Property tax 1.25%.

Pick a home cityHow we figure this
Rent (1-bedroom)
$1,254
/mo
Buy
$2,151
Mortgage, tax, insurance
Buying costs more
$897
/mo

To buy

  • 20% down payment$58,060
  • Mortgage at 7.24%$1,583
  • Property tax (1.25% of value)$302/mo · $3,629/yr
  • Insurance and upkeep$266
  • Monthly total$2,151

Months to 20% down

$2,506 left each month. About 24 months (2.0 years) to save $58,060.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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