Midland, TX · Texas
Midland County
ZIP 79707
171,496 residents1,208 permits TTM$93,984 median HHI5 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$293,000
ACS 5-Year
Cap rate proxy
5.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.7%
HUD FMR ÷ ACS HHI
Net migration
+2.22%
IRS SOI
Permits (TTM)
1,208
Census BPS
Climate risk
81.2
FEMA NRI (0–100)
ZIP 79707
Median home value
—
Gross yield
—
Cap rate
4.4%
Rent gap
—
Affordability
P/I: 4.4R/I: 19.4%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown5 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 79701 | — | — | — | 9.3% | — |
| 79703 | — | — | — | 7.4% | — |
| 79765 | — | — | — | 6.8% | — |
| 79706 | — | — | — | 6.2% | — |
| 79707 | — | — | — | 4.4% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
68.2%
Census ACS
Vacancy rate
6.3%
Census ACS
Bachelor's degree +
30.9%
Census ACS
Rent burdened
44.7%
Census ACS (>30% income)
Median age
32.6
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026