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ZIP Code · TX

ZIP 79705

Part of Midland, TX
Pop. 46,653·Midland County·292nd most expensive ZIP in Texas
Median rent (all units)
$1,655/mo
Year-over-Year
+2.9%
Month-over-Month
+1.7%
vs US Median
-$310
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 79705 · $1,655
More affordable than 62% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,480
1 BR
$1,510
2 BR
$1,850
3 BR
$2,380
4 BR+
$2,760
Research median
$1,850/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
$19,860/yr
At $1,655/mo median
Location
StateTX
CountyMidland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 2.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+2.9% YoY, +1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 79705 (Midland, TX) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 41% of residents hold a bachelor's degree or higher.

Population
46,653
Median income
$105,310
Median age
32.5
Renters
28.8%
Age distribution
27.8%
28.9%
22.2%
Under 1827.8%
18–3428.9%
35–5422.2%
55–649.8%
65+11.2%
Gender
52.2%
47.8%
Male52.2%
Female47.8%
Race & ethnicity
55.1%
46.2%
White55.1%
Black9.3%
Hispanic46.2%
Asian0.9%
Education (25+)
18.1%
30.3%
41%
No HS diploma10.6%
HS diploma18.1%
Some college30.3%
Bachelor's+41%
Housing tenure
71.2%
28.8%
Owner71.2%
Renter28.8%

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

2021 vs 2026

How ZIP 79705 in Midland, TX has changed in 5 years

Rent
$1,231 → $1,655
up 34.4%
Income
$100,243 → $105,310
up 5.1%
Population
40,134 → 46,653
up 16.2%
Renter share
30.3% → 28.8%
-1.5 pts
Bachelor's+
38.8% → 41%
+2.2 pts

Rent in ZIP 79705 in Midland, TX has climbed 34.4% since 2021, going from about $1,231 per month to roughly $1,655 today. Median household income grew from $100,243 to $105,310 between 2021 and 2024, a 5.1% shift. Rent outpaced income growth by roughly 29.3 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 40,134 to 46,653 between 2021 and 2024, a 16.2% change. About 28.8% of households rent today, against 30.3% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 38.8% to 41%. Taken together, the five-year picture in ZIP 79705 in Midland, TX reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 79705

Last updated: July 20, 2026

ZIP code 79705 covers Midland, TX. The median rent here is $1,655/mo as of July 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,850/mo.

At 19% of local median household income ($105,310/yr), ZIP 79705 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 79705?

As of July 20, 2026, the median monthly rent in ZIP 79705 (Midland, TX) is $1,655. This is based on aggregated data from public sources and community submissions.

How does ZIP 79705 rent compare to the US average?

ZIP 79705's median rent of $1,655/mo is $310 (16%) below the US national median of $1,965/mo.

How does ZIP 79705 compare to other ZIPs in Texas?

ZIP 79705 falls in the middle range for Texas, ranking #292 out of 689 ZIPs at $1,655/mo.

How much income do you need to rent in ZIP 79705?

To keep rent at or below 30% of gross income, you would need to earn at least $66,000/year (~$32/hour full-time) to afford the median rent of $1,655/mo in ZIP 79705. The local median household income is $105,310/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 79705?

Rent in ZIP 79705 has increased 2.9% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 79705 an affordable place to rent?

ZIP 79705 is considered very affordable for renters. At $1,655/mo, rent takes approximately 19% of the local median household income ($105,310/yr). The standard benchmark is 30%. ZIP 79705 falls comfortably within that range.

What percentage of ZIP 79705 residents rent vs. own?

According to Census data, approximately 28.8% of ZIP 79705 households are renters, while 71.2% are owner-occupied. ZIP 79705 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 79705 compare to the rest of Midland?

ZIP 79705 is pricier than Midland as a whole. At $1,655/mo, it's $21 above the Midland citywide median of $1,634/mo.

When was rent data for ZIP 79705 last updated?

Rent data for ZIP 79705 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,655/mo, rent takes ~19% of ZIP 79705's median household income ($105,310/yr). The standard benchmark is 30%.

ZIP 79705 19%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 79705 (Midland, TX)

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