1710 Community Ln A

The real estate market in Midland is hot, and the houses in the half-million range offer a lot of diversity in their styles and amenities. You’ll find everything from acreage and space for horses to thousands of square feet of living space. Here are five houses on the market now that will show you what’s available in the $500K range.

ALMOST 4,000 SQUARE FEET WITH GOLF COURSE LOCATION

4814 Rustic Trl 4814 Rustic Trl B

Live on hole No. 8 of the Green Tree Country Club golf course with the house at 4814 Rustic Tr. This 4-3 was built in 1991 and has 3,980 square feet, with a separate entrance to the office/studio/game room area and an in-law suite. It is listed for $539,000.

The house has high ceilings with lots of natural light throughout its space, including two living rooms and three dining areas. There are hardwood floors, a three-car garage, and two fireplaces. The master suite is its own separate space with a huge ensuite bathroom with jetted tub and walk-through shower.

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Photo: Jeff Caldwell

Is the sun setting on Midland home price growth? Not according to Local Market Monitor’s forecast. (Photo: Jeff Caldwell)

Local Market Monitor‘s forecast for the Midland-Odessa areas show sustained optimism and growth for the next three years, with home prices growing 8 percent in both West Texas cities despite job losses in the area. The report, which covers statistics from Dec. 2014, states that both Midland and Odessa are considered “low risk” markets for investment, with prices expected to increase up to 10 percent year-over-year through 2018, increasing up to 30 percent in Midland and 26 percent in Odessa during that three-year period.

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