Skip to content
Welcome! Are you part of the community? Sign up now.
x

Posted over 9 years ago

2nd Fastest Growing City in America - Midland, TX

Midland and Odessa, Texas are the 2nd and 4th fastest growing cities in America according to 247wallst.com. The cities are neighbors and located in the heart of the Permian Basin, which is the most active oilfield drilling market in North America. The Baker Hughes North America Rotary Rig Count shows that 31% of all active land drilling rigs are working in the Permian Basin.

Midland and Odessa are at the center of the oil boom in West Texas. The unemployment rate of 3.1% is the lowest in the nation, while the population has grown by 10.7% since 2010. The population influx has put a strain on the two cities infrastructures and has caused a 26.2% increase in home prices over the last 5 years.

Business opportunities abound in Midland, County and throughout the Permian Basin. Commercial real estate development is in full swing and property values have increased dramatically. Companies are moving in and or expanding throughout the region and have a tremendous need for more office, warehouse and other facilities.

We have an exciting auction opportunity in the heart of the Permian Basin.

Kelly Toney is the South Texas Regional Director for RealEstateAuctions.com. He is a seventeen year licensed auctioneer and real estate broker. 


Comments