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ZIP Code · TX

ZIP 79707

Part of Midland, TX
Pop. 40,010·Midland County·383rd most expensive ZIP in Texas
Median rent (all units)
$1,556/mo
Year-over-Year
+6.4%
Month-over-Month
Stable
vs US Median
-$409
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 79707 · $1,556
More affordable than 70% of US ZIP codes · National median $1,965/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: July 20, 2026

Annual cost
$18,672/yr
At $1,556/mo median
Location
StateTX
CountyMidland County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 6.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+6.4% YoY, -0.1% 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
$980 → $1,556
up 58.8%
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 58.8% since 2021, going from about $980 per month to roughly $1,556 today. Census figures show median household income at $99,886 today, compared with $96,146 five years earlier. Rent outpaced income growth by roughly 54.9 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

Tips for renters in ZIP 79707

About renting in ZIP 79707

Last updated: July 20, 2026

ZIP code 79707 covers Midland, TX. The median rent here is $1,556/mo as of July 2026. A 1-bedroom rents for a median of $1,440/mo. A 2-bedroom rents for a median of $1,740/mo.

At 19% of local median household income ($99,886/yr), ZIP 79707 ranks as affordable compared to the national benchmark of 30%. Rents have increased 6.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 79707?

As of July 20, 2026, the median monthly rent in ZIP 79707 (Midland, TX) is $1,556. This is based on aggregated data from public sources and community submissions.

How does ZIP 79707 rent compare to the US average?

ZIP 79707's median rent of $1,556/mo is $409 (21%) below the US national median of $1,965/mo.

How does ZIP 79707 compare to other ZIPs in Texas?

ZIP 79707 falls in the middle range for Texas, ranking #383 out of 689 ZIPs at $1,556/mo.

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 $62,000/year (~$30/hour full-time) to afford the median rent of $1,556/mo in ZIP 79707. The local median household income is $99,886/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 79707?

Rent in ZIP 79707 has increased 6.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 79707 an affordable place to rent?

ZIP 79707 is considered very affordable for renters. At $1,556/mo, rent takes approximately 19% of the local median household income ($99,886/yr). The standard benchmark is 30%. ZIP 79707 falls comfortably within that range.

What percentage of ZIP 79707 residents rent vs. own?

According to Census data, approximately 40% of ZIP 79707 households are renters, while 60% are owner-occupied. ZIP 79707 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 79707 compare to the rest of Midland?

ZIP 79707 is more affordable than Midland overall. At $1,556/mo, it's $78 below the Midland citywide median of $1,634/mo.

When was rent data for ZIP 79707 last updated?

Rent data for ZIP 79707 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,556/mo, rent takes ~19% of ZIP 79707's median household income ($99,886/yr). The standard benchmark is 30%.

ZIP 79707 19%Benchmark 30%
State income taxNone
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