The story of this market
The typical home in ZIP 79705 sells for about $369,900, or $170 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $1,433 a month.
ZIP 79705 — Midland
The 79705 housing market exhibits a stable price baseline with a median home sale price of $369,900. Market activity is characterized by a longer listing cycle compared to the previous year, suggesting a balanced environment for buyers and sellers.
This ZIP is well-suited for families and professionals working in the energy sector who seek a stable housing market with access to local amenities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 46 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.
2 foreclosure-ledger notices — 0.4 per 10,000 residents · unemployment 3.9% · poverty 10.9% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 79705, Midland County TX
The area is heavily influenced by the Permian Basin energy sector, which drives local economic momentum and infrastructure development.
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).
Residents primarily rely on personal vehicles for commuting to employment hubs within the Midland-Odessa metropolitan area.
The area features local parks and proximity to regional shopping and dining districts within the city of Midland.
The rental market remains balanced with solid options, reflecting steady demand in the Midland area.
The economy is anchored by the oil and gas industry, specifically the Permian Basin energy sector.
The area is served by major highway corridors facilitating regional travel within the Midland-Odessa metropolitan area.
Data aggregated from county-level census reports for Midland County.
- Cinergy Odessa Featuring EPIC4.514.9 mi
- Cinergy Midland South Featuring EPIC4.58 mi
- Urban Air Trampoline and Adventure Park43 mi
- Chuck E. Cheese3.64.4 mi
- Urban Air Trampoline and Adventure Park4.218.6 mi
- Cinergy Odessa Featuring EPIC4.514.9 mi
- Cinergy Midland South Featuring EPIC4.58 mi
- Golden Corral Buffet & Grill418.5 mi
- Midland County Horseshoe4.56.7 mi
- Wagner Noël Performing Arts Center4.711.2 mi
- Cinergy Midland South Featuring EPIC4.58 mi
- Beal Park4.57.6 mi
- Lucky Strike Midland4.15.2 mi
- Watersong Wild Space4.57.6 mi
- Urban Air Trampoline and Adventure Park43 mi
- Permian Basin Petroleum Museum4.86.7 mi
- Museum of the Southwest4.45.2 mi
- Ellen Noël Art Museum4.718.5 mi
- Bush Family Home State Historic Site4.64.9 mi
- Chris Kyle Memorial4.915.2 mi
- Beal Park4.57.6 mi
- Dennis the Menace Park4.75.4 mi
- Watersong Wild Space4.57.6 mi
- Centennial Park4.75 mi
- Hogan Park4.42.9 mi
- The Courses at Hogan Park3.62.7 mi
- Midland Park Mall4.33.4 mi
- T.J. Maxx & HomeGoods4.33 mi
- Ross Dress for Less4.13.4 mi
- Kohl's4.25.3 mi
- Rogers Ford4.56.9 mi
- Midland International Air & Space Port4.210.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local green spaces serving the residential community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.