Midland Real Estate Market Overview
Public School Ranking:
Location and Weather
Often times, the name “Texas” reminds people of wide-open spaces, and Midland is no exception. As a part of the Permian Basin, which is about 250 miles wide and 300 miles long, Midland is midway between Fort Worth and El Paso.
It rests along Interstate Highway 20 in West Texas. It is centered on several historic trails, including the Chihuahua Trail, The Emigrant Road to California, and the Comanche War Trail. It is also the hometown of former first lady, Laura Bush, and was once the home of George Bush H.W. and Barbara Bush.
Midland has long, hot summers and cool, dry winters. Summer temperatures are in the mid to low 90’s, with lows are in the 70’s. The winter temperatures are in the mid-60’s, with lows in the mid-30’s.
Population, Job Market and Cost of Living
The population of Midland in 2019 was 142,344, with a growth rate of 4.39%. The job growth has increased by 8.69% and in ten years, is predicted to have increased by 48.25%. The largest industries are in mining, quarrying, oil and gas extraction, health care, and educational services.
The major employers in Midland are Nova Chemicals, Energy Services Holdings, and Warren Equipment Company. Midland’s industries have diversified into many types of energy extraction services, which explains the strong job growth there. The cost of living is moderate, due to the Midland real estate market and availability of affordable housing.
With such a strong job market, moderate cost of living, wildlife preserves and other attractions, Midland will continue to recruit those looking to contribute to its job growth.