Real Estate Investing in Midland, Texas (79707)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79707 (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 (79707)?
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Market Analysis: 79707 Midland
The 79707 ZIP in Midland, TX is a local-operator market. Outside capital chasing a $422K entry has to pair deep knowledge with the discount.
Rent of $1,534/mo on a $422K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 79707 sits below the stated 0.0% once reality is priced in.
Within TX, ZIP 79707 trails on several market indicators that neighboring Midland County submarkets outperform. The gap is real and solid enough to shape underwriting.
Employment concentration in 79707 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 79707 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Midland:
Property Strategy for 79707
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $242,873 | $1,740 | 5.2% | +2.7% | $121,437 |
| 3BR | $336,534 | $2,230 | 4.8% | +2.6% | $112,178 |
| 4BR | $532,512 | $2,670 | 3.6% | +3.6% | $133,128 |
| 5BR | $755,031 | — | — | +4.5% | $151,006 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79707 Compare?
| Metric | 79707 | Midland | Midland, TX | Texas |
|---|---|---|---|---|
| Home Value | $422,227 | $162,938 | N/A | $297,000 |
| 5-Year CAGR | 3.3% | 3.3% | N/A | 5.4% |
| Avg Rent | $1,534 | $1,701 | N/A | - |
| Cap Rate | 2.8% | 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 79707 (Midland, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $422,227 |
| Monthly Rent | $1,534 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +3.1% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +3.9% ▲ |
🏠 Rent Trends
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +2.1% ▲ |
| 5-Year CAGR | +7.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 79707
Population: 39,881
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 79707
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 2,446 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
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.
How do landlord-tenant laws work in Midland, TX?
TX ranks as a landlord-friendly state for landlord-tenant law. Midland generally follows the statewide framework, so landlords face reasonable operating rules.
What do landlords charge for rent in Midland, TX?
Rent in Midland, TX is around $1,534/mo. The resulting rent-to-value relationship with $422K pricing is reasonable for most investor models.
Does a duplex house hack pencil in Midland, TX?
For house hackers, Midland, TX is a challenging. The $1,534/mo rent on a unit helps defray the mortgage on a $422K property.
What is the typical renter like in Midland, TX?
Midland, TX offers a consistent renter base at the $1,534/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 79707 now. You don’t know where it ranks.
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How 79707 ranks in Midland, TX
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