How many renters live in Midland County, Texas?
The County of Midland County has 171,999 people living in 69,398 households.
There are 53,020 renters living in 25,159 renter households in this County. Renters make up 30.83 percent of the population living in Midland County.
What is the rental market like in Midland County, Texas?
There are an estimated 70,203 housing units in the Midland County area. Of these, 23,376 units are rental homes, making up 33 percent of the housing market. For every renter household in Midland County, Texas, there are 1 rental units.
What is the vacancy rate for rentals in Midland County?
The rental vacancy rate in Midland County is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Midland County for each bedroom size?
Occupied Rental Units by Size in Midland County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 1,320 | 7,785 | 7,468 | 4,298 | 631 |
Occupied Rental Units by Size in Midland County
A large number of apartments in Midland County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Midland County are overburdened by housing costs?
Among renter households in this market, 50 percent have housing cost burden. Further, 29 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Midland County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,364 to $2,723. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,364 |
| One BR | $1,372 |
| Two BR | $1,612 |
| Three BR | $2,059 |
| Four BR | $2,723 |
2024 Fair Market Rents in Midland County, Texas
How many units are rented at Fair Market Rent (FMR) in Midland County?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 882 | 67 percent |
| One BR | 4,873 | 63 percent |
| Two BR | 3,711 | 50 percent |
Rental Units Below FMR in Midland County, Texas
How many affordable rental units are in Midland County?
There are a variety of federal affordable housing programs serving households in Midland County, Texas including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 2,175 |
| Public Housing | 97 |
| Section 8 Project-Based Rental Assistance | 208 |
| Section 202 Supportive Housing for the Elderly | 40 |
Tracked Units by Federal Program in Midland County, Texas
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Midland County, Texas
Midland County features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Midland County, Texas
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Midland County.
Housing Choice Vouchers in Midland County, Texas
On average, Section 8 Housing Choice vouchers pay Midland County landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Midland County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Midland County, Texas for a two-bedroom apartment is between $1,451 and $1,773.
Sourced from federal housing data and AffordableHousingOnline.com research.
