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Cities with the fastest growing home prices in Midland metro area

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ungvar // Shutterstock
ungvar // Shutterstock

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

compiled a list of cities with the fastest-growing home prices in Midland, TX metro area using data from . Cities are ranked by 1-year price change as of June 2022. The charts in this story were created automatically using . The typical home value in the United States increased over the last year by +20.9% to $334,141. All 3 cities and towns with data available were included in the list.

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#3. Midland, TX

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#3. Midland, TX

- 1-year price change: +$24,106 (+9.1%)
- 5-year price change: +$67,923 (+30.8%)
- Typical home value: $288,400 (#2 most expensive city in metro)
#2. Stanton, TX

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#2. Stanton, TX

- 1-year price change: +$29,556 (+13.4%)
- 5-year price change: +$86,799 (+52.9%)
- Typical home value: $250,913 (#3 most expensive city in metro)
#1. Ackerly, TX

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#1. Ackerly, TX

- 1-year price change: +$39,397 (+15.2%)
- 5-year price change: +$86,799 (data not available)
- Typical home value: $298,705 (#1 most expensive city in metro)