Real Estate Investing in Midland, Texas (79706)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79706 (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.
No major risk flags on the data we track.
What’s happening in Midland, TX (79706)?
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Market Analysis: 79706 Midland
Investors eyeing 79706 need to respect the fundamentals at play. Home values of $386K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 79706 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Statewide comparisons place 79706 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 79706 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 79706 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 79706
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $352,714 | $2,160 | 4.4% | +2.3% | $117,571 |
| 4BR | $450,909 | $2,670 | 4.3% | +2.9% | $112,727 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79706 Compare?
| Metric | 79706 | Midland | Midland, TX | Texas |
|---|---|---|---|---|
| Home Value | $385,962 | $162,938 | N/A | $297,000 |
| 5-Year CAGR | 2.6% | 3.3% | N/A | 5.4% |
| Avg Rent | $2,186 | $1,701 | N/A | - |
| Cap Rate | 4.4% | 4.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79706 (Midland, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $385,962 |
| Monthly Rent | $2,186 |
| Price-to-Rent | 14.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +2.6% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 Rent Trends
| 1-Year | +17.6% ▲ |
| 3-Year CAGR | +8.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). 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 79706
Population: 32,605
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 79706
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.
Frequently Asked Questions
What price range are homes in Midland, TX?
The median home value in Midland, TX is roughly $386K. That puts it reasonable relative to the TX statewide average.
How strong is tenant demand in Midland, TX?
Working renters make up the core of the Midland, TX tenant base. The pool is reasonable for investors targeting long-term holds.
What are vacancy rates like in Midland, TX?
Vacancy in Midland, TX is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,186/mo.
What does house hacking look like in Midland, TX?
For house hackers, Midland, TX is a challenging. The $2,186/mo rent on a unit helps defray the mortgage on a $386K property.
What type of investing works in Midland, TX?
A careful cash-flow rentals with hands-on management strategy Midland, TX best. The market produces consistent results for that approach at the $386K price point.
You know 79706 now. You don’t know where it ranks.
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How 79706 ranks in Midland, TX
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