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ZIP Code · TX

ZIP 79703

Part of Midland, TX
Pop. 20,419·Midland County·536th most expensive ZIP in Texas
Median rent (all units)
$1,350/mo
Year-over-Year
-6.9%
Month-over-Month
-7.4%
vs US Median
-$615
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 79703 · $1,350
More affordable than 84% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,026
1 BR
$1,033
2 BR
$1,265
3 BR
$1,626
4 BR+
$1,917
Research median
$1,265/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
$16,200/yr
At $1,350/mo median
Location
StateTX
CountyMidland County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.9% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-6.9% YoY, -7.4% MoM), not inventory.
Demographics

Who lives here

ZIP 79703 (Midland, TX) is majority owner-occupied, has a large share of families with children, 16.8% of residents hold a bachelor's degree or higher.

Population
20,419
Median income
$77,285
Median age
31.6
Renters
37.9%
Age distribution
33%
21.7%
27.1%
Under 1833%
18–3421.7%
35–5427.1%
55–649.5%
65+8.7%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
44.6%
55.5%
White44.6%
Black8.7%
Hispanic55.5%
Asian1.4%
Education (25+)
17.4%
30.5%
35.3%
16.8%
No HS diploma17.4%
HS diploma30.5%
Some college35.3%
Bachelor's+16.8%
Housing tenure
62.1%
37.9%
Owner62.1%
Renter37.9%

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

2021 vs 2026

How ZIP 79703 in Midland, TX has changed in 5 years

Income
$86,542 → $77,285
down 10.7%
Population
22,257 → 20,419
down 8.3%
Renter share
35.1% → 37.9%
+2.8 pts
Bachelor's+
15.6% → 16.8%
+1.2 pts
Median age
32.5 → 31.6
-0.9 yrs

On the earnings side, the typical household in ZIP 79703 in Midland, TX now reports about $77,285, up from $86,542 in 2021. Census counts show ZIP 79703 in Midland, TX losing about 1,838 residents over the five-year window, down 8.3% on net. The renter share has risen from 35.1% to 37.9%, with owner-occupied housing accounting for the remainder.

Community

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Local insights

Tips for renters in ZIP 79703

About renting in ZIP 79703

Last updated: July 20, 2026

ZIP code 79703 covers Midland, TX. The median rent here is $1,350/mo as of July 2026. A 1-bedroom rents for a median of $1,033/mo. A 2-bedroom rents for a median of $1,265/mo.

At 21% of local median household income ($77,285/yr), ZIP 79703 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 6.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 79703?

As of July 20, 2026, the median monthly rent in ZIP 79703 (Midland, TX) is $1,350. This is based on aggregated data from public sources and community submissions.

How does ZIP 79703 rent compare to the US average?

ZIP 79703's median rent of $1,350/mo is $615 (31%) below the US national median of $1,965/mo.

How does ZIP 79703 compare to other ZIPs in Texas?

ZIP 79703 is among the more affordable ZIP codes in Texas, ranking #536 out of 689 ZIPs at $1,350/mo.

How much income do you need to rent in ZIP 79703?

To keep rent at or below 30% of gross income, you would need to earn at least $54,000/year (~$26/hour full-time) to afford the median rent of $1,350/mo in ZIP 79703. The local median household income is $77,285/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 79703?

Rent in ZIP 79703 has decreased 6.9% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 79703 an affordable place to rent?

ZIP 79703 is considered very affordable for renters. At $1,350/mo, rent takes approximately 21% of the local median household income ($77,285/yr). The standard benchmark is 30%. ZIP 79703 falls comfortably within that range.

What percentage of ZIP 79703 residents rent vs. own?

According to Census data, approximately 37.9% of ZIP 79703 households are renters, while 62.1% are owner-occupied. ZIP 79703 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 79703 compare to the rest of Midland?

ZIP 79703 is more affordable than Midland overall. At $1,350/mo, it's $284 below the Midland citywide median of $1,634/mo.

When was rent data for ZIP 79703 last updated?

Rent data for ZIP 79703 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,350/mo, rent takes ~21% of ZIP 79703's median household income ($77,285/yr). The standard benchmark is 30%.

ZIP 79703 21%Benchmark 30%
State income taxNone
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Schools nearby

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