Rent is rising in Midland, and probably won’t level off soon. See, Midland’s economy is responding to the stable trading range in energy prices. Occupancy and rent in the multifamily sector is booming. Consequently, multifamily assets are trading well. Despite rising interest rates across the nation, investors are still showing signs of positivity especially in Midland. Rent and demand for apartments is on the rise.
As of September 2018, average rent for an apartment in Midland increased a whopping 29.24 percent over the same time last year. In just a month, the average rent rose 2.17 percent! Two bedroom apartments now average $1,899, which is a 28.17 percent increase over last year. For just a one bedroom apartment is Midland, it’s even worse! The average cost of rent is a whopping $1,584! That’s a 34.97 percent increase over last year.
This makes now the perfect time to buy. Renters in Midland are likely to see that apartment rents will continue to rise.
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:
- Midland homes for sale between $150,000 and $200,000
- Midland homes for sale between $200,000 and $225,000
- Midland homes for sale between $225,000 and $300,000
- Midland homes for sale between $300,000 and $400,000
- Midland homes for sale between $400,000 and $500,000
- Midland homes for sale between $500,000 and $750,000
- Midland homes for sale between $750,000 and $1 million
- Midland homes for sale over $1 million
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.
Don’t forget to find us on Facebook for community updates and the latest listings.