US5.com
  1. Home
  2. States
  3. Texas
  4. ZIP 79703
  5. Housing & Real Estate
Midland city, TX

ZIP 79703 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 79703

Median Home Value
$220,600
Median Rent
$1,247
Affordability Snapshot
$61,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,417/mo PITI).

19%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.7x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 79703 in Midland city, TX, a household would need roughly $61,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,417. That sits below the local median household income ($80,281), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
65.8%+1% vs US avg
x
Vacancy Rate
3.1%-70% vs US avg
x
Broadband Access
91.7%+5% vs US avg
x
4+ Bedrooms
0.0%-100% vs US avg
x
Built Pre-1939
0.2%-99% vs US avg
x
Built Post-2014
2.2%-68% vs US avg
x
Rent Burden >30%
11.8%-76% vs US avg
x
Mortgage-Free
44.6%+17% vs US avg
x
$220,600
Home Value
$1,247
Rent
1973
Year Built
2016
Moved In

Residents have lived here since ~2016 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached69.7%
  • 1-unit attached10.1%
  • 2-9 units6.6%
  • 10+ units13.6%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$220,600
Median rent$1,247
Owner-occupied65.8%
Vacant3.1%
Price-to-income2.7x
Est. income to buy$61,000