The Midland City Council just approved plans for what will make more than 2,400 new rental units that will fill empty lots within the city. We’ve mentioned before that Midland has high rental rates and low supply. So, these units are desperately needed. Our economy is booming and we need more places to live in this city. The average rent in Midland is now a whopping $1,615 a month! That’s so high for a typical apartment, but that’s what it’s like in Midland. Even after they add a couple thousand more rentals to the area, it will likely still be more financially sound to look into purchasing a home in Midland instead of renting an apartment in Midland if you can.

In the past, we’ve seen a transient population, but these days, people are sticking around. Long term affordable housing is needed. If buying isn’t an option, then lower rental rates with a bigger supply will certainly help.

 

Are You Buying a Home in Midland?

The Underwood Group is a team of top real estate professionals in Midland. We know Midland real estate, so if you’re thinking about buying with this kind of market, you’ll absolutely need our expertise. Call our team of Midland real estate agents at 432-698-0411 today.

If you’re looking for a new home, search by school district or search Midland real estate listings by price:

Hoping To Sell A Home In Midland?

It won’t be hard to sell your Midland home, but when you choose to list your house with us, our experience can help ensure that you get the highest return on your investment! Plus, Midland 1st Choice Real Estate offers a Free Market Analysis to clients. This free analysis provides our clients with the best comparative value by looking at similarly featured home recently listed and sold.

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