The story of this market
The typical home in ZIP 79707 sells for about $361,000, or $189 per square foot.
Prices are down 13.33% from a year ago, which gives buyers more room to negotiate. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $1,488 a month.
ZIP 79707 — Midland
The 79707 housing market is characterized by a median price of $361,000 and a competitive sale-to-list ratio of 104%. While inventory remains tight, the market is supported by the stable energy-driven economy of the Permian Basin. Buyers should expect a fast-paced environment for well-priced properties.
This ZIP is well-suited for families and professionals working in the energy sector who value proximity to local amenities and suburban living.
Median prices moved down 13.3% year over year.
Homes spend a median of 46 days on market with 33.6 months of supply — a balanced-paced market.
4% of listings have cut prices · homes sell at 104% of asking — demand is running ahead of supply.
1 foreclosure-ledger notice — 0.2 per 10,000 residents · unemployment 2.9% · poverty 9.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 79707, Midland County TX
Schools in the area are part of the Midland Independent School District, which serves the broader Midland community.
The region is subject to standard West Texas climate risks, including wind and occasional severe weather events.
The area is driven by the Permian Basin energy sector, with ongoing infrastructure and commercial development supporting the local economy.
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 typically rely on personal vehicles for commuting, with major corridors providing access to the Midland employment core.
The area offers access to local parks, fitness centers, and shopping venues within the Midland city limits.
The rental market shows significant activity with a median rent of $2,600, reflecting demand in the energy-centric local economy.
The economy is heavily anchored by the oil and gas industry, specifically the Permian Basin energy sector.
Transportation is primarily highway-based, serving the Midland-Odessa metropolitan area.
Ongoing commercial and residential development continues to expand in the western portions of Midland.
The Midland Central Appraisal District manages property assessments for all parcels within the county.
Parcels are subject to school district taxes and local municipal utility assessments.
Property insurance premiums in the region are influenced by regional weather patterns and hazard exposure.
Data sourced from US Census Bureau and Realtor.com market reports.
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 EPIC4.58.3 mi
- Urban Air Trampoline and Adventure Park46.2 mi
- Chuck E. Cheese3.65.4 mi
- Urban Air Trampoline and Adventure Park4.212.7 mi
- Cinergy Odessa Featuring EPIC4.59.6 mi
- Cinergy Midland South Featuring EPIC4.58.3 mi
- Golden Corral Buffet & Grill412.6 mi
- Midland County Horseshoe4.59.9 mi
- Ector County Coliseum4.415 mi
- Cinergy Odessa Featuring EPIC4.59.6 mi
- Cinergy Midland South Featuring EPIC4.58.3 mi
- Beal Park4.58.3 mi
- Lucky Strike Midland4.15 mi
- Cinemark Century Odessa 124.212.3 mi
- Permian Basin Petroleum Museum4.810.4 mi
- Museum of the Southwest4.49.2 mi
- Ellen Noël Art Museum4.713 mi
- Bush Family Home State Historic Site4.69.1 mi
- Chris Kyle Memorial4.99.7 mi
- Beal Park4.58.3 mi
- Dennis the Menace Park4.79 mi
- Watersong Wild Space4.59.1 mi
- Centennial Park4.710 mi
- Hogan Park4.49.5 mi
- The Courses at Hogan Park3.69.9 mi
- Ratliff Ranch Golf Links4.211.8 mi
- Odessa Country Club4.611.4 mi
- Midland Park Mall4.36.1 mi
- Music City Mall4.112.8 mi
- T.J. Maxx & HomeGoods4.36.5 mi
- Ross Dress for Less4.16.2 mi
- Marshalls4.111.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Various community parks providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.