Midland Housing Development Opportunities
Midland was rated 2018's 2nd Fastest Growing City in the United States. As our community grows, the need for additional housing units is constantly increasing.
Now is the right time to be a developer in Midland. Opportunities abound for developers who are interested in building single unit or multi-family housing.
Five Reasons to Develop Housing Units in Midland, Texas
#1 Midland residents have the 2nd highest personal income in the entire country.
They are financially positioned to purchase a home for their family.
#2 Midland was rated #5 for the Fastest Growing Metros.
WalletHub ranked Midland, Texas highly due to sustained jobs and economic growth.
#3 Midland has posted some of the highest job growth in the nation.
According to the Bureau of Labor Statistics, job growth in Midland is outpacing the rest of the country.
#4 Midland is a cultural hub for the region.
People choose to live in Midland for more than the employment opportunities.
#5 There are highly-rated schools in Midland.
Families enjoy that Midland is one of the 50 safest cities in Texas with highly-rated schools.
People are moving to Midland for jobs and staying for the opportunities. In Midland, they can put down roots and raise a family in a safe and friendly community. What’s missing? Additional housing units. As Midland continues this growth trajectory, we need developers to build additional single and multi-family housing units.
The Midland Development Corporation has a plethora of economic data developers can review to determine economic and job growth, along with the need for additional housing units. Here are a few facts to consider:
August 2018 data:
Average total of houses on the market: 350
Houses sold: 243
Average days on the market: 24
Average sold price:$312,795
Average list price: $358,872
Median sold price: $298,250
Median list price: $299,900
Total dollar volume of houses sold: $76.009 million
For additional economic data, contact the MDC.
Advantages of Developing Housing Units in Midland
Midland, Texas is pro-business and pro-development. Developers are welcomed into our community and the MDC staff are available to provide assistance along the way or to make strategic introductions to those who can provide the right type of assistance.
The permitting process is straightforward and easy to navigate.
It is possible for developers to quickly identify a property, move through the permitting process, and break ground. This makes our area an attractive destination for housing developers.
Properties are available for development in Midland. The Midland Development Corporation offers developers and site selectors free GIS Planning tools that can be used to quickly identify potential properties, their proximity to schools and infrastructure, zoning, and the demographics of those living in the area. These tools make it easy to locate available properties and to make informed decisions regarding their viability.
Midland has a Prime Location
Midland, Texas is in the heart of the Permian Basin - the center of America’s oil and gas production. With Interstate 20 running through Midland, this is the area where many companies have chosen to base their headquarters or to expand. This makes Midland a growing metro that attracts workers from throughout the region.
Our central location draws workers from a large regional area, many of which would rather live and work in Midland. Developers will find a built-in customer base for their housing units.
Now is the Right Time to Invest in Midland
The Midland Development Corporation’s mission is to attract investment and jobs to Midland. Financed through tax dollars, the MDC offers a variety of financial incentives for those looking to bring a business to Midland or to develop in the area. Our community is growing so now is the right time to choose Midland and to take advantage of the incentives offered by the MDC.
Contact Midland Development Corporation
Are you a developer or investor? Are you interested in learning more our need for additional housing units? If so, contact the Midland Development Corporation. Our staff is available to answer your questions, provide data, connect you with resources, and make it easier to choose Midland.
We invite you to become part of our exponential growth.
Contact the MDC: