Home prices
The median home price in Kermit is $59,600. Compared to other places in this area this is roughly $10,820 (15%) lower.It is roughly $157,900 (72%) lower compared to the entire country, and is roughly $159,900 (72%) lower compared to the city of Midland.
Rents
The median monthly rent in Kermit is $858. In comparison to its nearby areas it is approximately $66 (8%) higher.It is about $204 (19%) lower compared to the rest of the country, and it is roughly $404 (32%) lower in comparison to the city of Midland.
Nearby places
Wink
Wink is about 8 miles southwest of Kermit. Real estate prices there are a bit less expensive. The median home in Wink is valued at $56,400, which is $3,200 (5%) lower than Kermit. The rent there is a little less expensive. The median rent in Wink is $731 a month, which comes out to $127 (17%) lower than Kermit.
Monahans
Monahans is about 17 miles south of Kermit. The real estate prices there are a lot more expensive. The cost of the median home in Monahans is $88,900, which works out to $29,300 (32%) higher than Kermit. Its rents are somewhat more expensive. Monahans's median monthly rent is $1,001, which is $143 (14%) higher than Kermit.
Jal
Jal is approximately 20 miles north from Kermit. The real estate prices there are a bit more expensive. The value of the median home in Jal is $70,800, which works out to $11,200 (15%) higher than Kermit. Rent there is a little less expensive. Jal's median monthly rent is $677, which comes out to $181 (26%) lower than Kermit.
Wickett
Wickett is about 22 miles south of Kermit. Real estate prices there are a little less expensive. The median home value in Wickett is $55,000, which is $4,600 (8%) lower than Kermit. The rent there is somewhat less expensive. The median monthly rent in Wickett is $733, which works out to $125 (17%) lower than Kermit.
Thorntonville
Thorntonville is roughly 22 miles southeast of Kermit. The real estate prices there are a bit more expensive. The price of the median home in Thorntonville is $81,000, which comes out to $21,400 (26%) higher than Kermit. Rents there are similar. In Thorntonville the median monthly rent is $820, which works out to $38 (4%) lower than Kermit.
