Home prices
The price of the median home in Rankin is $66,500. It is approximately $37,060 (35%) lower in comparison to other places in this area.Compared to the entire nation it is approximately $151,000 (69%) lower, and it is about $153,000 (69%) lower in comparison to the city of Midland.
Rents
The median rent in Rankin is $561 a month. Compared to its nearby areas this is roughly $338 (37%) lower.Compared to the rest of the country it is roughly $501 (47%) lower, and is about $701 (55%) lower in comparison to the city of Midland.
Nearby places
McCamey
McCamey is roughly 16 miles southwest from Rankin. Housing prices there are somewhat less expensive. The median home in McCamey costs $63,300, which works out to $3,200 (5%) lower than Rankin. Rents there are a little more expensive. The median monthly rent in McCamey is $775, which comes out to $214 (27%) higher than Rankin.
Iraan
Iraan is about 23 miles south of Rankin. The housing prices there are significantly more expensive. The value of the median home in Iraan is $111,500, which works out to $45,000 (40%) higher than Rankin. The rent there is somewhat more expensive. Iraan's median monthly rent is $771, which is $210 (27%) higher than Rankin.
Crane
Crane is approximately 25 miles northwest from Rankin. The real estate prices there are a little more expensive. The median home cost in Crane is $97,400, which comes out to $30,900 (31%) higher than Rankin. Rent there is substantially more expensive. In Crane the median rent is $973 per month, which is $412 (42%) higher than Rankin.
Big Lake
Big Lake is approximately 25 miles east from Rankin. Real estate prices there are a little more expensive. The median home in Big Lake is valued at $94,100, which works out to $27,600 (29%) higher than Rankin. Its rents are significantly more expensive. The median rent in Big Lake is $885 a month, which is $324 (36%) higher than Rankin.
Odessa
Odessa is roughly 53 miles northwest of Rankin. Its real estate prices are a lot more expensive. The value of the median home in Odessa is $151,500, which comes out to $85,000 (56%) higher than Rankin. Rents there are substantially more expensive. The median monthly rent in Odessa is $1,091, which comes out to $530 (48%) higher than Rankin.
