The story of this market
The typical home in ZIP 79703 sells for about $155,000, or $132 per square foot.
Prices are up +1.9% from a year ago, so sellers still have some momentum. Homes take about 5 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,352 a month.
ZIP 79703 — Midland
The residential market in 79703 is characterized by low inventory and limited sales activity, leading to price volatility. The area remains an established residential base for the Permian Basin energy sector, with a stable rental market. Overall sentiment is neutral as the market balances steady demand with constrained supply.
The area suits families and workers looking for proximity to the Midland urban core and access to established school zones.
Median prices moved up 1.9% year over year.
Homes spend a median of 5 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 12.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79703, Midland County TX
Reported crime data specific to 79703 is not uniquely distinguished from the broader Midland municipal trends, which generally follow regional patterns for a city of its size in the Permian Basin.
The area is served primarily by the Midland Independent School District (MISD), with schools like Henderson Elementary and Bonham Elementary located within or serving this ZIP.
The area faces a major risk of wildfire, with approximately 81% of properties identified as having some risk of being affected over the next 30 years; flood risk is low, affecting less than 1% of properties.
Development momentum in Midland remains tied to the energy industry in the Permian Basin, which influences local employment and infrastructure expansion.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Most residents rely on driving within Midland and toward regional employment hubs in the Permian Basin.
Residents have access to local parks and facilities maintained by the City of Midland, with proximity to shopping and dining corridors along Andrews Highway.
Rental market depth is moderate, with average rents for houses often exceeding $2,000 depending on size, while apartment-style units remain lower.
The economy is highly dependent on the oil and gas industry, serving as a residential base for workers in the Permian Basin.
Transportation is primarily highway-based, with major corridors facilitating movement toward regional employment centers.
Bond projects and infrastructure improvements are managed through the Midland ISD and City of Midland development pipelines.
Parcels are subject to levies from MISD, the City of Midland, Midland County, and local special districts including the Midland College and Midland County Hospital districts.
Properties in this region must account for standard Texas property insurance, with heightened attention to wind, hail, and wildfire risks.
Data retrieved from data.census.gov using ZCTA 79703 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Cinergy Odessa Featuring EPIC4.59.6 mi
- Cinergy Midland South Featuring EPIC4.51.5 mi
- Urban Air Trampoline and Adventure Park43.8 mi
- Chuck E. Cheese3.63.1 mi
- Urban Air Trampoline and Adventure Park4.213.3 mi
- Cinergy Odessa Featuring EPIC4.59.6 mi
- Cinergy Midland South Featuring EPIC4.51.5 mi
- Golden Corral Buffet & Grill413.2 mi
- Midland County Horseshoe4.52.4 mi
- Ector County Coliseum4.416.3 mi
- Cinergy Odessa Featuring EPIC4.59.6 mi
- Cinergy Midland South Featuring EPIC4.51.5 mi
- Beal Park4.51.1 mi
- Lucky Strike Midland4.12.9 mi
- Watersong Wild Space4.51.5 mi
- Permian Basin Petroleum Museum4.83 mi
- Museum of the Southwest4.42.6 mi
- Ellen Noël Art Museum4.712.8 mi
- Bush Family Home State Historic Site4.62.8 mi
- Chris Kyle Memorial4.99.9 mi
- Beal Park4.51.1 mi
- Dennis the Menace Park4.72.3 mi
- Watersong Wild Space4.51.5 mi
- Centennial Park4.73.6 mi
- Hogan Park4.45.1 mi
- The Courses at Hogan Park3.65.9 mi
- Odessa Country Club4.610.5 mi
- Midland Park Mall4.33.4 mi
- T.J. Maxx & HomeGoods4.33.6 mi
- Ross Dress for Less4.13.4 mi
- Marshalls4.111.9 mi
- Kohl's4.22.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Serves as a major educational and community anchor for the area.
Primary hub for local shopping and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.