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ZIP Code · TX

ZIP 79706

Part of Midland, TX
Pop. 34,281·Midland County·52nd most expensive ZIP in Texas
Median rent (all units)
$2,186/mo
Year-over-Year
+11.9%
Month-over-Month
-3.2%
vs US Median
+$224
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 79706 · $2,186
More expensive than 69% of US ZIP codes · National median $1,962/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: August 17, 2026

Annual cost
$26,232/yr
At $2,186/mo median
Location
StateTX
CountyMidland County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (11.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+11.9% YoY, -3.2% MoM), not inventory.
Demographics

Who lives here

ZIP 79706 (Midland, TX) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 22.3% of residents hold a bachelor's degree or higher.

Population
34,281
Median income
$108,059
Median age
35.6
Renters
20.4%
Age distribution
30.4%
17.9%
31%
Under 1830.4%
18–3417.9%
35–5431%
55–6410.6%
65+10.1%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
63%
48.6%
White63%
Black1.8%
Hispanic48.6%
Asian1.1%
Education (25+)
15.2%
27.7%
34.8%
22.3%
No HS diploma15.2%
HS diploma27.7%
Some college34.8%
Bachelor's+22.3%
Housing tenure
79.6%
20.4%
Owner79.6%
Renter20.4%

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

2021 vs 2026

How ZIP 79706 in Midland, TX has changed in 5 years

Income
$101,284 → $108,059
up 6.7%
Population
31,088 → 34,281
up 10.3%
Renter share
19.7% → 20.4%
+0.7 pts
Bachelor's+
21.6% → 22.3%
+0.7 pts
Median age
32.2 → 35.6
+3.4 yrs

On the earnings side, the typical household in ZIP 79706 in Midland, TX now reports about $108,059, up from $101,284 in 2021. Headcount in the area went from 31,088 to 34,281 between 2021 and 2024, a 10.3% change.

Community

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Local insights

Tips for renters in ZIP 79706

About renting in ZIP 79706

Last updated: August 17, 2026

ZIP code 79706 covers Midland, TX. The median rent here is $2,186/mo as of August 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,690/mo.

At 24% of local median household income ($108,059/yr), ZIP 79706 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.9% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 79706?

As of August 17, 2026, the median monthly rent in ZIP 79706 (Midland, TX) is $2,186. This is based on aggregated data from public sources and community submissions.

How does ZIP 79706 rent compare to the US average?

ZIP 79706's median rent of $2,186/mo is $224 (11%) above the US national median of $1,962/mo.

How does ZIP 79706 compare to other ZIPs in Texas?

ZIP 79706 is one of the pricier ZIP codes in Texas, ranking #52 out of 695 ZIPs tracked at $2,186/mo.

How much income do you need to rent in ZIP 79706?

To keep rent at or below 30% of gross income, you would need to earn at least $87,000/year (~$42/hour full-time) to afford the median rent of $2,186/mo in ZIP 79706. The local median household income is $108,059/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 79706?

Rent in ZIP 79706 has increased 11.9% over the past year as of August 17, 2026, putting upward pressure on renter budgets.

Is ZIP 79706 an affordable place to rent?

ZIP 79706 is considered very affordable for renters. At $2,186/mo, rent takes approximately 24% of the local median household income ($108,059/yr). The standard benchmark is 30%. ZIP 79706 falls comfortably within that range.

What percentage of ZIP 79706 residents rent vs. own?

According to Census data, approximately 20.4% of ZIP 79706 households are renters, while 79.6% are owner-occupied. ZIP 79706 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 79706 compare to the rest of Midland?

ZIP 79706 is pricier than Midland as a whole. At $2,186/mo, it's $550 above the Midland citywide median of $1,636/mo.

When was rent data for ZIP 79706 last updated?

Rent data for ZIP 79706 reflects August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,186/mo, rent takes ~24% of ZIP 79706's median household income ($108,059/yr). The standard benchmark is 30%.

ZIP 79706 24%Benchmark 30%
State income taxNone
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Schools nearby

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