ZIP Code · TX

ZIP 79703

Part of Midland, TX

Pop. 20,419·Midland County·501st most expensive ZIP in Texas

Median rent (all units)

$1,381/mo

Year-over-Year

+3.5%

Month-over-Month

+1.3%

vs US Median

-$551

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 79703 · $1,381

More affordable than 81% 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

$1,050

1 BR

$1,056

2 BR

$1,294

3 BR

$1,664

4 BR+

$1,961

Research median

$1,294/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 79703 is at its highest level since Zillow's records here began in December 2021.

Past year vs. the rest of Texas

Rent in ZIP 79703 changed +3.5% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Recent direction

Rent has risen 5 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($77,285) is $1,932 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,600); a 2-bedroom is $1,960.

Rank in Midland

1st cheapest of 5 ZIP codes in Midland.

From Zillow's monthly rent index (ZORI) for ZIP 79703. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$16,572/yr

At $1,381/mo median

Location

CityMidland

StateTX

CountyMidland County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.5% YoY, +1.3% 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

2022 vs 2026

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

Rent

$1,024 → $1,381

up 34.9%

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

Across the past five years, the going rent in ZIP 79703 in Midland, TX has shifted from $1,024 to $1,381, up 34.9% since 2022. On the earnings side, the typical household in ZIP 79703 in Midland, TX now reports about $77,285, up from $86,542 in 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 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. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 79703 in Midland, TX reflects that arc in its own way.

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About renting in ZIP 79703

Last updated: October 17, 2026

ZIP code 79703 covers Midland, TX. The median rent here is $1,381/mo as of October 2026. A 1-bedroom rents for a median of $1,056/mo. A 2-bedroom rents for a median of $1,294/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 increased 3.5% over the past year.

FAQ

Frequently asked questions

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 $55,000/year (about $26/hour full-time) to afford the median rent of $1,381/mo in ZIP 79703. The local median household income is $77,285/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 79703?

Rent in ZIP 79703 has risen 3.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2021.

How does ZIP 79703 compare to other ZIPs in Texas?

ZIP 79703 is one of the more affordable among Texas ZIP codes for rent, ranking #501 of 693 at $1,381/mo. Over the year to September 2026, rent in ZIP 79703 changed +3.5%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.