Midland, TX is one of the top cities which are currently enjoying the growth and the city’s economy is based on the oil industry and tourism. The city offers reasonable job opportunities and the number of jobs offered by Midland-Odessa in 2013 was 7700, from which 3,500 jobs were in oil and gas related companies.
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A prolific year for the combine metro area
1. A Prolific Year For The Combine Metro Area
Midland, TX is one of the top cities which are currently enjoying the growth and the city’s
economy is based on the oil industry and tourism. The city offers reasonable job opportunities
and the number of jobs offered by Midland-Odessa in 2013 was 7700, from which 3,500 jobs
were in oil and gas related companies. A large number of locals and expats were attracted
towards the flourishing oil gas industry in this combine metro area. The rising real estate prices
have also boosting since last few years due to the increasing population. The rental real estate
market and hotel industry in Midland, TX is also at a hike because a large number of vocational
staff and visitors travel to Midland and Odessa every year. The analysts have predicted that
these combined cities will keep flourishing till decades and the year-over-year growth rate of
nearly 5 percent will continue to top all Texas, and most national metros.
2. Midland and Odessa have issued 112 new housing permits in October 2013, 17.9 percent higher
from 95 in October 2012 and 50 percent higher as compare to October 2011. In the year 2013,
these combine metro cities (Midland & Odessa) have issued 1,142 new housing permits, which
was 20.2 percent higher from the 950 permits issued during in 2012. The average rate of home
sold in October 2013 was $232,329 which was 7.5 percent from $216,191 (the average rate of
homes in October 2012). The average house/hotel rent was up to $1100 till the end of year
2013 and soon it will also be increasing with the property rates but the average amount of rent
for parking your RV on rental RV Parks is $400 to $600 which is quite low as compare to staying
at hotel/motel.
The current hotel rooms will not be enough to cater huge number of visitors including tourists
and vocational staff. So, the staying at RVs at RV Parks in or near Midland are the only
economic option left for the visitors which can help the them to save their money and enjoy
various facilities at low cost. The top RV Parks like 1270 RV Ranch Midland, TX has become a
favorite place to stay for the vocational staff and tourists while visiting Midland and Odessa
because it is situated at a ten minutes’ drive from the Midland and Odessa in the heart of
Permian Basin and it offers wireless internet, bathroom and low cost laundry service.