- Posted December 23, 2013 by
This iReport is part of an assignment:
Tell us the Good Stuff!
- Trends are shifting towards RV spaces to avoid expensive stays
- Midland’s Booming Oil Industry and Less Rental Accommodations
- The growing population and accommodation options in Midland, TX
- The Air Power Museum and its unique experiences
- Predictions about the Rental Apartment Real Estate Trends Midland, TX
Oil boom has increased the visitors’ inflow for Midland, Texas
The economy in most part of West Texas is steady in the recent oil boom and local companies are busy in extracting and purifying oil. Ray Perryman who is a well-known economist told that the oil will remain imperishable for a long time. Midland will continue to grow rapidly with more people coming toward the Basin in search of jobs because the ratio of jobs is relatively high. The oil and gas in the area is booming and other things like retail, restaurants, hotels and rental real estate are doing well. The economy in most part of West Texas is steady and local companies are busy in extracting and purifying oil.
The city primarily attracts vocational staff which comes to Midland for a better future. Secondly, many tourists come to the city to visit its attractions which include museums, Forts, parks etc. The people who come to visit Midland’s attractions and to attend the events like Summer Mummers and Rocking the Desert faces climbing rents rates. The reason of this price hike is the increasing population due to the vocational staff and tourists which travels to Midland, Texas. The average monthly rent was $880 which has now increased to $1100 and according to the latest census report the population of midland has an increase of 4.6 percent in only a year which has also affected rental prices.
High priced hotel stays and expensive rental rooms have changed the living trend of visitors and they started to choose RV Parks in Midland. Now these RV parks are not only a habitat for truck drivers and visitors only. The tourists and vocational staff have also started to stay here to save their money. The main reason behind this shifting behavior is the competitive pricing and attractive features of these RVs which force every visitor to think that he/she can get same feature that a high price hotel may give them. A huge increase in the rents of hotels and flats has changed the minds of visitors and they have started to choose RV Park Midland as one of their prime option to stay at. The features that this RV Park offers includes 101 hookup places, hospitable staff, cheap priced laundry service, Wi-Fi connection, clean restrooms and washrooms for a refreshing shower but at competitive prices as compare to other rental residency options.