ZIP Code · TX

ZIP 79707

Part of Midland, TX

Pop. 40,010·Midland County·436th most expensive ZIP in Texas

Median rent (all units)

$1,473/mo

Year-over-Year

-0.5%

Month-over-Month

-0.3%

vs US Median

-$459

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 79707 · $1,473

More affordable than 75% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,430

1 BR

$1,440

2 BR

$1,740

3 BR

$2,230

4 BR+

$2,670

Research median

$1,740/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

Cheapest month to sign

January. Asking rents in ZIP 79707 usually run 2.7% below trend in January and 3.1% above it in July, about $85 a month apart at today's median. Based on 7 years of data.

Compared with the peak

Rent in ZIP 79707 is 2.7% below its high of $1,514 in June 2025, at $1,473 as of September 2026.

Past year vs. the rest of Texas

Rent in ZIP 79707 changed -0.5% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Since before the pandemic

Rent in ZIP 79707 is 17.3% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($99,886) is $2,497 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,230); a 4-bedroom is $2,670.

Rank in Midland

2nd cheapest of 5 ZIP codes in Midland.

From Zillow's monthly rent index (ZORI) for ZIP 79707. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,676/yr

At $1,473/mo median

Location

CityMidland

StateTX

CountyMidland County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-0.5% YoY, -0.3% MoM), not inventory.

Demographics

Who lives here

ZIP 79707 (Midland, TX) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 40.3% of residents hold a bachelor's degree or higher.

Population

40,010

Median income

$99,886

Median age

31.6

Renters

40%

Age distribution

27.2%

27.9%

26.1%

Under 1827.2%

18–3427.9%

35–5426.1%

55–647.9%

65+11%

Gender

51.8%

48.2%

Male51.8%

Female48.2%

Race & ethnicity

63.6%

31.3%

White63.6%

Black6.7%

Hispanic31.3%

Asian6.9%

Education (25+)

23.6%

26.6%

40.3%

No HS diploma9.5%

HS diploma23.6%

Some college26.6%

Bachelor's+40.3%

Housing tenure

60%

40%

Owner60%

Renter40%

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

2021 vs 2026

How ZIP 79707 in Midland, TX has changed in 5 years

Rent

$961 → $1,473

up 53.3%

Income

$96,146 → $99,886

up 3.9%

Population

36,167 → 40,010

up 10.6%

Renter share

39% → 40%

+1.0 pts

Bachelor's+

39.4% → 40.3%

+0.9 pts

Median age

32.3 → 31.6

-0.7 yrs

Rent in ZIP 79707 in Midland, TX has increased 53.3% since 2021, going from about $961 per month to roughly $1,473 today. Census figures show median household income at $99,886 today, compared with $96,146 five years earlier. Rent outpaced income growth by roughly 49.4 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 36,167 to 40,010 between 2021 and 2024, a 10.6% change. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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Local insights

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About renting in ZIP 79707

Last updated: October 17, 2026

ZIP code 79707 covers Midland, TX. The median rent here is $1,473/mo as of October 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,740/mo.

At 18% of local median household income ($99,886/yr), ZIP 79707 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 79707?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (about $28/hour full-time) to afford the median rent of $1,473/mo in ZIP 79707. The local median household income is $99,886/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 79707?

Rent in ZIP 79707 has been roughly flat over the past year as of September 2026, a -0.5% change. It sits 2.7% below its high of $1,514 in June 2025.

When is the cheapest time to rent in ZIP 79707?

Asking rents in ZIP 79707 are usually lowest in January, about 2.7% below their yearly trend, and highest in July, about 3.1% above it. At today's median that is a gap of roughly $85 a month. This pattern comes from 7 years of Zillow rent data.

How does ZIP 79707 compare to other ZIPs in Texas?

ZIP 79707 is in the middle among Texas ZIP codes for rent, ranking #436 of 693 at $1,473/mo. Over the year to September 2026, rent in ZIP 79707 changed -0.5%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.