Real Estate Investing in Midland, Texas (79701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79701 (Midland, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 10.6% vacancy may signal weakening demand.
What’s happening in Midland, TX (79701)?
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Market Analysis: 79701 Midland
The 79701 ZIP in Midland, TX is a local-operator market. Outside capital chasing a $224K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $224K asset, 79701 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 79701 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A notable renter share of 36% in 79701 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 79701 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Midland:
Property Strategy for 79701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $172,445 | $1,690 | 7.1% | +4.4% | $86,223 |
| 3BR | $263,472 | $2,160 | 5.9% | +3.4% | $87,824 |
| 4BR | $342,942 | $2,670 | 5.6% | +3.3% | $85,736 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79701 Compare?
| Metric | 79701 | Midland | Midland, TX | Texas |
|---|---|---|---|---|
| Home Value | $223,825 | $162,938 | N/A | $297,000 |
| 5-Year CAGR | 3.7% | 3.3% | N/A | 5.4% |
| Avg Rent | $1,710 | $1,701 | N/A | - |
| Cap Rate | 6.0% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79701 (Midland, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $223,825 |
| Monthly Rent | $1,710 |
| Price-to-Rent | 10.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.2% |
| Cap Rate | 6.0% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +6.7% ▲ |
| 5-Year CAGR | +3.7% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | -5.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (6.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79701
Population: 27,678
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 79701
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,503 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Midland, TX?
Rent in Midland, TX is around $1,710/mo. The resulting rent-to-value relationship with $224K pricing is reasonable for most investor models.
How do landlord-tenant laws work in Midland, TX?
Landlord-friendliness in Midland, TX is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
How do experienced investors play Midland, TX?
For Midland, TX, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Can owner-occupants cash flow in Midland, TX?
House hacking in Midland, TX is a challenging. With home values around $224K and rents at $1,710/mo, owner-occupants can offset a meaningful share of PITI.
Is Midland, TX a smart market for rental property?
Midland, TX reports an investability rating of 3.0/5, with median home values near $224K and average rents around $1,710/mo. That combination puts it in the robust tier for investor interest.
You know 79701 now. You don’t know where it ranks.
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How 79701 ranks in Midland, TX
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