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Home » Study: Local home prices increase 213 percent since 1992

Study: Local home prices increase 213 percent since 1992

Midland ranks fifth among nation’s ‘most stable housing markets’

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The increased activity in the oil industry has meant a 213 percent increase in the price of a house, according to the financial website, SmartAsset.com.

The website reported the Midland area ranked among the “most stable housing markets in the nation.” SmartAsset ranked Midland fifth among all markets, trailing top-ranked Boulder, Colorado; Austin-Round Rock; Fort Collins, Colorado; and Bismarck, North Dakota.

“Oil is one of the main draws to this city, which hasn’t seen a single period of significant price declines since 1992,” SmartAsset officials wrote in an email to the Reporter-Telegram. “Its home price growth over 25 years, from 1992-2016, was 213
(percent).”

Other Texas communities in the top 25 were Houston (17th), Odessa (19th) and San Antonio (25th).

Here is this year’s version of SmartAsset’s best housing markets for growth and
stability study.

1. Boulder, Colorado
2. Austin-Round Rock
3. Fort Collins, Colorado
4. Bismarck, North Dakota
5. Midland
6. Casper, Wyoming
7. Billings, Montana
8. Denver-Aurora-Lakewood, Colorado
9. Grand Forks, North Dakota — Minnesota
10. Houma-Thibodaux, Lousiana
Also
17. Houston-The Woodlands-Sugar Land
19. Odessa
25. San Antonio-New Braunfels