Why Live in Fannin Terrace
Fannin Terrace in Midland is characterized by its ranch-style homes from the 1960s and 1970s, with many properties featuring large lots, wide driveways, and two-car garages. Recent updates and new constructions have introduced raised ranch styles, creating a mix of home sizes. The neighborhood is known for its shaded, sidewalk-lined streets. Local green spaces include Windlands and Tumbleweed parks, just over a mile away, offering disc golf, natural trails, sports fields, and a xeriscape garden. Inspiration Park provides an accessible playscape for children of all abilities. COM Aquatics, with multiple indoor pools, is nearby. West Wadley Avenue hosts various dining options such as Ray’s Italian Bistro and T&T Donuts, while Plaza Oaks shopping center features Venezia and Mulberry Café. For groceries, residents frequent Natural Foods Market and H-E-B. Midland Park Mall and major retailers are about 2 miles away. Community events are held at Midland College’s Al G. Langford Chaparral Center and Centennial Park in downtown Midland. State Route 250, or The Loop, connects to Interstate 20, leading to Midland International Air & Space Port in 10 miles and Odessa in 20 miles. The EZ-Connect bus service offers routes between Midland and Odessa. Schools in the area include Fannin Elementary, San Jacinto Junior High, and Midland High, with plans for a new high school. Private education options include highly rated Midland Christian School and Trinity School of Midland.
Frequently Asked Questions
Is Fannin Terrace a good place to live?
Fannin Terrace is a good place to live. Fannin Terrace is considered somewhat walkable and somewhat bikeable. Fannin Terrace is a neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Fannin Terrace has 6 parks for recreational activities. It is very dense in population with 16.1 people per acre and a median age of 34. The average household income is $135,271 which is above the national average. College graduates make up 58.7% of residents. A majority of residents in Fannin Terrace are home owners, with 12.7% of residents renting and 87.3% of residents owning their home. A
local real estate agent serving Fannin Terrace can help you decide if this neighborhood is the right one for you. Learn more on our
Fannin Terrace neighborhood guide.
Is Fannin Terrace, TX a safe neighborhood?
Fannin Terrace, TX is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Fannin Terrace?
The median home price in Fannin Terrace is $208,499. If you put a 20% down payment of $41,700 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,080 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $46K a year to afford the median home price in Fannin Terrace. The average household income in Fannin Terrace is $135K.
What are the best public schools in Fannin Terrace?
The best public schools that serve Fannin Terrace are:
What are the best private schools in Fannin Terrace?
The best private schools that serve Fannin Terrace are:
What are the most popular zip codes in Fannin Terrace, Midland, TX?
What are the most popular neighborhoods near Fannin Terrace, Midland, TX?
Home Trends in Fannin Terrace, TX
On average, homes in Fannin Terrace, Midland sell after 41 days on the market compared to the national average of 70 days. The median sale price for homes in Fannin Terrace, Midland over the last 12 months is $210,890.
Median Sale Price
$210,890
Median Single Family Sale Price
$210,890
Median 1 Bedroom Sale Price
$675,000
Average Price Per Sq Ft
$466
Number of Homes for Sale
3
Last 12 months Home Sales
3
Median List Price
$208,499
Median Change From 1st List Price
7%