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Midland city, TX

ZIP 79701 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 79701

Median Home Value
$204,000
Median Rent
$1,093
Affordability Snapshot
$56,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,310/mo PITI).

23%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.5x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

15.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 79701 in Midland city, TX, a household would need roughly $56,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,310. That is roughly in line with the local median household income ($57,679). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
64.7%-1% vs US avg
x
Vacancy Rate
8.6%-17% vs US avg
x
Broadband Access
84.2%-3% vs US avg
x
4+ Bedrooms
1.9%-88% vs US avg
x
Built Pre-1939
9.9%-23% vs US avg
x
Built Post-2014
1.5%-79% vs US avg
x
Rent Burden >30%
30.8%-38% vs US avg
x
Mortgage-Free
68.0%+78% vs US avg
x
$204,000
Home Value
$1,093
Rent
1968
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.2%
  • 1-unit attached2.1%
  • 2-9 units12.9%
  • 10+ units11.4%
  • Mobile home & other9.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$204,000
Median rent$1,093
Owner-occupied64.7%
Vacant8.6%
Price-to-income3.5x
Est. income to buy$56,000