Investment metrics, interactive calculators, and data-driven analysis for Midland rental properties.
Pre-filled with Midland medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Midland.
Midland, TX has a population of 146,038 and has been growing at 2.2% annually — well above the national average, signaling strong housing demand from population inflows. The median home price of $280,000 paired with median rents of $1,450/mo produces an estimated cap rate of 3.46%.
Property taxes at 1.59% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 5.8% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 3.8x, homes cost about 3.8 times the local median income of $74,200. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.6% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: At current median prices, Midland is challenging for pure cash flow investing. Consider BRRRR strategies with below-market purchases, or look at neighboring metros with stronger price-to-rent ratios.