Department of Numbers

Midland County Texas Residential Rent and Rental Statistics

The median monthly gross residential rent in Midland County TX was $1,102 in 2017 according to the Census ACS survey.1 Average gross rent in Midland County was $1,169 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Midland County median and average rent data will be released in September of 2019.

Data is also available below for Midland County rental vacancy rates, Midland County rent as a percent of median income and the fraction of renters in Midland County.

Show dollars as: Nominal Real

Real Gross Rent in Midland County Texas (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Texas Median Gross Rent $987 +1.65% +7.63%
Midland County TX Median Gross Rent $1,102 -5.08% -11.84%

Midland County TX Real Gross Rent Trends

Median gross rent for Midland County peaked in real terms in 2014 at $1,250 and is now $148 (11.84%) lower. Average gross rent for Midland County peaked in real terms in 2015 at $1,270 and is now $101 (7.95%) lower.

Real Gross Rent: Midland County TX Median, Midland County TX Average, Texas Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Midland County

Date US
Median
Texas
Median
Midland County TX
Median
Midland County TX
Average
2017 $1,012 $987 $1,102 $1,169
2016 $996 $971 $1,161 $1,144
2015 $987 $959 $1,230 $1,270
2014 $956 $917 $1,250 $1,234
2013 $924 $875 $1,117 $1,145
2012 $912 $857 $971 $1,025
2011 $912 $852 $992 $925
2010 $927 $868 $919 $916
2009 $931 $871 $910 $931
2008 $947 $882 $881 $934
2007 $899 $836 $760 $787
2006 $909 $847 $725 $732

Midland County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2014 the rental vacancy rate for Midland County Texas was 8.23% according to Census ACS data.

Rental Vacancy Rate in Midland County Texas

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Texas 8.49% +0.84% +1.19%
Midland County TX

Trends in Midland County TX Rental Vacancy Rate

The rental vacancy rate in Midland County peaked in 2010 at 12.59%. Since then it has fallen by 4.36% to 8.23%. Data records for this series originated in 2005.

Rental Vacancy Rate: Midland County TX, Texas, US

Rental vacancy rate in Texas

Historical Rental Vacancy Rate data for Midland County

Date US Texas Midland County TX
2017 6.18% 8.49%
2016 5.89% 7.65%
2015 5.85% 6.95%
2014 6.32% 7.30% 8.23%
2013 6.49% 7.86%
2012 6.77% 8.53%
2011 7.40% 9.23%
2010 8.17% 10.60% 12.59%
2009 8.43% 10.69%
2008 7.86% 10.24%
2007 7.87% 10.61%
2006 7.70% 10.28%

Rent as a Fraction of Income

Using median household income data for Midland County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Midland County, median monthly gross rent as a fraction of median household income was 17.49% in 2017 according to the ACS.

Midland County Texas Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Texas 20.00% -0.28% -0.27%
Midland County TX 17.49% -3.49% -1.36%

Trends in Midland County TX Rent as a Fraction of Income

The fraction of median Midland County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 20.99%. Since then it has fallen by 3.49% to 17.49%.

Fraction of Income towards Rent: Midland County TX, Texas, US

Percent of median household income going towards median monthly gross rent in Midland County Texas

Historical Data for Annual Rent as a Fraction of Income in Midland County Texas

Date US Texas Midland County TX
2017 20.13% 20.00% 17.49%
2016 20.43% 20.28% 20.99%
2015 20.63% 20.10% 17.70%
2014 20.89% 20.27% 18.85%
2013 20.78% 19.89% 18.22%
2012 20.65% 19.65% 18.41%
2011 20.70% 19.75% 20.92%
2010 20.50% 19.77% 19.14%
2009 20.12% 19.59% 17.95%
2008 19.00% 18.42% 15.99%
2007 18.66% 18.52% 15.63%
2006 18.90% 18.99% 16.08%

Renter Fraction in Midland County Texas

You can calculate the renter fraction in Midland County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Midland County as a fraction of total Midland County households. In 2017 33.27% of households were renters according to Census ACS data.

Midland County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Texas 38.03% -0.88% -0.81%
Midland County TX 33.27% -4.30% -0.73%

Trends in the Midland County TX Renter Fraction

The Midland County household renter fraction peaked in in 2016 at 37.57% and is now 4.30% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Midland County TX, Texas, US

Fraction of renters in Midland County

History of Midland County Renter Fraction

Date US Texas Midland County TX
2017 36.13% 38.03% 33.27%
2016 36.88% 38.91% 37.57%
2015 36.97% 38.94% 29.77%
2014 36.90% 38.84% 34.00%
2013 36.50% 38.16% 36.97%
2012 36.09% 37.72% 33.41%
2011 35.42% 37.08% 33.35%
2010 34.65% 36.42% 30.92%
2009 34.13% 36.32% 30.68%
2008 33.36% 35.10% 29.56%
2007 32.80% 34.82% 31.34%
2006 32.73% 34.75% 31.53%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.