ZIP Code · TX

ZIP 79701

Part of Midland, TX

Pop. 27,131·Midland County·377th most expensive ZIP in Texas

Median rent (all units)

$1,552/mo

Year-over-Year

-3.2%

Month-over-Month

+0.5%

vs US Median

-$380

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 79701 · $1,552

More affordable than 69% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,430

1 BR

$1,440

2 BR

$1,690

3 BR

$2,160

4 BR+

$2,670

Research median

$1,690/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 79701 is 3.8% below its high of $1,614 in July 2025, at $1,552 as of September 2026.

Past year vs. the rest of Texas

Rent in ZIP 79701 changed -3.2% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Recent direction

Rent rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($57,346) is $1,434 a month. That covers HUD's Fair Market Rent for up to a studio ($1,430); a 1-bedroom is $1,440.

Rank in Midland

3rd cheapest of 5 ZIP codes in Midland.

Cheaper nearby

ZIP 79703, 3 miles away, rents for 11% less ($1,381/mo), about $2,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 79701. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,624/yr

At $1,552/mo median

Location

CityMidland

StateTX

CountyMidland County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 3.2% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-3.2% YoY, +0.5% MoM), not inventory.

Demographics

Who lives here

ZIP 79701 (Midland, TX) is majority owner-occupied, has a large share of families with children, has a median income below the national average, 19.1% of residents hold a bachelor's degree or higher.

Population

27,131

Median income

$57,346

Median age

32.9

Renters

33%

Age distribution

30.5%

22.3%

24.9%

12.2%

Under 1830.5%

18–3422.3%

35–5424.9%

55–6410.1%

65+12.2%

Gender

49%

51%

Male49%

Female51%

Race & ethnicity

42.4%

60.9%

White42.4%

Black9.9%

Hispanic60.9%

Education (25+)

27.4%

24.8%

28.7%

19.1%

No HS diploma27.4%

HS diploma24.8%

Some college28.7%

Bachelor's+19.1%

Housing tenure

67%

33%

Owner67%

Renter33%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 79701 in Midland, TX has changed in 5 years

Income

$52,409 → $57,346

up 9.4%

Population

30,348 → 27,131

down 10.6%

Renter share

36.5% → 33%

-3.5 pts

Bachelor's+

17.1% → 19.1%

+2.0 pts

Median age

29.4 → 32.9

+3.5 yrs

Local incomes tracked alongside that move, going from a median of $52,409 in 2021 to $57,346 more recently. Census counts show ZIP 79701 in Midland, TX losing about 3,217 residents over the five-year window, down 10.6% on net. The renter share has eased from 36.5% to 33%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 17.1% to 19.1% across the same window.

Community

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Local insights

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About renting in ZIP 79701

Last updated: October 17, 2026

ZIP code 79701 covers Midland, TX. The median rent here is $1,552/mo as of October 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,690/mo.

At 32% of local median household income ($57,346/yr), ZIP 79701 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 79701?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,552/mo in ZIP 79701. The local median household income is $57,346/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 79701?

Rent in ZIP 79701 has fallen 3.2% over the past year as of September 2026. It sits 3.8% below its high of $1,614 in July 2025.

How does ZIP 79701 compare to other ZIPs in Texas?

ZIP 79701 is in the middle among Texas ZIP codes for rent, ranking #377 of 693 at $1,552/mo. Over the year to September 2026, rent in ZIP 79701 changed -3.2%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.