Interested in purchasing investment houses in the 79703 zip code in Midland, TX?
The zip code 79703 is in Midland county with a latitude of -102.132310000000 and longitude of 31.979450000000, is in the state of Texas. The average asking price of houses and condos is $137,922.00 and the average sale price was $81,114.00. this regions is classified as the Odessa - Midland metro area and is in the 432 area code. The location in degrees is 31° 58' 46.02" N, 102° 7' 56.316" W. The county F.I.P.S. is 48329. The total land area is 6.7 square miles and the water area is 0.0 square miles. The elevation in this area is 2815 - 2822 feet. The zip code is on central standard time and observes daylight savings time.
The zip 79703 is in county number 329 and is L. Sector 45, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 24,093 in 2019 and 20,592 in 2010. This further breaks down to 12,657 males (52.5%) and 11,436 females (47.5%). The median age of residents is 31.1 years. The population of the greater Midland, TX area is 133,025. The population density (people per square mile) is 3,599. This zip code has a combined total of 8,512 houses and condos. There are 2,517 rented appartments. 31% of residents rent versus the 31% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $52,522 and the average salary is $49,213. The median household income of individuals is $45,778.00 and the average is $61,670.00. This zip code has a mean commute time to work of 17.8 minutes. The unemployment rate is 2.3%. Income earners by percent breakdown as 54.70% (Under $50,000), 36.10% ($50,000-$100,000), and 9.10% earn over $100,000. 6.8% of residents live below poverty line versus the 13.6% in the state that are below this line. The cost of living index is 85.0. The educational breakdown is 82.0% have a high school education or higher, 14.9% have a bachelor's degree or higher, and 3.6% have some kind of profesional degree.
This area has 7,347 households and the average size is 3.0 people. Individuals who are single and have never been married are 30.6%, 48.5% are now married, 2.0% are separated, 4.8% are widowed, and 14.1% are divorced. The average yearly contribution amount given by people to charity was $4,934 versus the state average of $6,808. The percent of residents who gave to charity was 10.3%.
The estimated median value of houses and condos is $180,347. The median monthly owner costs of mortgage holders was $1,421, where as the costs for those who don't have a mortgage are $451. The median number of rooms in houses and condos are 5.7 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $2,249. In comparision, the average real estate tax percent rate in the state is 1.7% which equated to an average real estate tax amount payment in the state of $3,390. The median housing property tax percent for residents with mortgages was 1.4% which amounted to an average tax amount of $2,585. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $1,847. Reported taxable interest for persons was $539, dividends $3,499, capital gains +$4,335, and itemized deductions $18,423. The average earned income tax credit is $2,416. The percent of individuals that use a tax preparer is 52.4%. The total average income taxes paid by individuals was $3,666. Businesses reported an average profit of $13,482.
Chinese Kitchen
4316 W Illinois Ave, Midland, TX 79703
Saltgrass Steak House
4511 W Loop 250 N, Midland, TX 79707 (3.4 miles away)
Thai House
9 Meta Dr, Midland, TX 79701 (4.5 miles away)
Cattle Baron
418 W Wadley Ave, Midland, TX 79705 (4.8 miles away)
Clear Springs Restaurant
5707 Andrews Hwy, Midland, TX 79706 (9.6 miles away)
Kickback Korner Bar & Grill
4506 E Us Highway 158, Gardendale, TX 79758 (13.4 miles away)
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