Real Estate Investing in Midland, Texas (79705)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79705 (Midland, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Midland, TX (79705)?
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Market Analysis: 79705 Midland
ZIP 79705 in Midland, TX carries a healthy set of headwinds. Home values near $353K and rents of $1,710/mo sit inside a market where underwriting has to be tight.
Meanwhile, the numbers look inviting — $353K purchase price, 0.0% nominal cap — the work to hit that pro forma in 79705 is substantial and deserves full respect.
The gap between 79705 and stronger Midland ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
A durable renter share of 31% in 79705 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 79705 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Midland:
Property Strategy for 79705
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $244,291 | $1,850 | 5.5% | +2.7% | $122,145 |
| 3BR | $329,660 | $2,380 | 5.2% | +3.0% | $109,887 |
| 4BR | $428,682 | $2,760 | 4.6% | +2.6% | $107,170 |
| 5BR | $623,918 | — | — | +3.3% | $124,784 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79705 Compare?
| Metric | 79705 | Midland | Midland, TX | Texas |
|---|---|---|---|---|
| Home Value | $353,114 | $162,938 | N/A | $297,000 |
| 5-Year CAGR | 3.0% | 3.3% | N/A | 5.4% |
| Avg Rent | $1,710 | $1,701 | N/A | - |
| Cap Rate | 3.8% | 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 79705 (Midland, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $353,114 |
| Monthly Rent | $1,710 |
| Price-to-Rent | 17.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.8% |
| Cap Rate | 3.8% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +1.1% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 Rent Trends
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +5.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 79705
Population: 44,516
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 79705
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
Is Midland, TX a smart market for rental property?
The 3.0/5 investability rating in Midland, TX reflects its $353K prices and $1,710/mo rents. Investors generally consider it a solid option within TX.
How much is rent in Midland, TX?
Rents in Midland, TX run near $1,710/mo. Compared with median home prices of $353K that produces solid gross yields for typical rentals.
What does house hacking look like in Midland, TX?
The a challenging house-hack environment in Midland, TX reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Do landlords face vacancy issues in Midland, TX?
Rental vacancy in Midland, TX is elevated. Investors should budget normal turnover but not chronic empty units.
What investment strategy works best in Midland, TX?
Most investors in Midland, TX run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 79705 now. You don’t know where it ranks.
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How 79705 ranks in Midland, TX
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