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ZIP Code · TX

ZIP 79701

Part of Midland, TX
Pop. 27,131·Midland County·220th most expensive ZIP in Texas
Median rent (all units)
$1,760/mo
Year-over-Year
+4.7%
Month-over-Month
+0.1%
vs US Median
-$205
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 79701 · $1,760
More affordable than 54% of US ZIP codes · National median $1,965/mo
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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: July 20, 2026

Annual cost
$21,120/yr
At $1,760/mo median
Location
StateTX
CountyMidland County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.7% YoY, +0.1% 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.

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Local insights

Tips for renters in ZIP 79701

About renting in ZIP 79701

Last updated: July 20, 2026

ZIP code 79701 covers Midland, TX. The median rent here is $1,760/mo as of July 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,690/mo.

At 37% of local median household income ($57,346/yr), ZIP 79701 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 79701?

As of July 20, 2026, the median monthly rent in ZIP 79701 (Midland, TX) is $1,760. This is based on aggregated data from public sources and community submissions.

How does ZIP 79701 rent compare to the US average?

ZIP 79701's median rent of $1,760/mo is $205 (10%) below the US national median of $1,965/mo.

How does ZIP 79701 compare to other ZIPs in Texas?

ZIP 79701 is one of the pricier ZIP codes in Texas, ranking #220 out of 689 ZIPs tracked at $1,760/mo.

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 $70,000/year (~$34/hour full-time) to afford the median rent of $1,760/mo in ZIP 79701. The local median household income is $57,346/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 79701?

Rent in ZIP 79701 has increased 4.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 79701 an affordable place to rent?

ZIP 79701 is considered moderate for renters. At $1,760/mo, rent takes approximately 37% of the local median household income ($57,346/yr). The standard benchmark is 30%. ZIP 79701 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 79701 residents rent vs. own?

According to Census data, approximately 33% of ZIP 79701 households are renters, while 67% are owner-occupied. ZIP 79701 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 79701 compare to the rest of Midland?

ZIP 79701 is pricier than Midland as a whole. At $1,760/mo, it's $126 above the Midland citywide median of $1,634/mo.

When was rent data for ZIP 79701 last updated?

Rent data for ZIP 79701 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
37%
MODERATE

At $1,760/mo, rent takes ~37% of ZIP 79701's median household income ($57,346/yr). The standard benchmark is 30%.

ZIP 79701 37%Benchmark 30%
State income taxNone
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Public schools near ZIP 79701 (Midland, TX)

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