Interested in purchasing investment houses in the 79707 zip code in Midland, TX?
The zip code 79707 is in Midland county with a latitude of -102.211580000000 and longitude of 32.033470000000, is in the state of Texas. The average asking price of houses and condos is $298,162.00 and the average sale price was $104,771.00. this regions is classified as the Odessa - Midland metro area and is in the 432 area code. The location in degrees is 32° 2' 0.492" N, 102° 12' 41.688" W. The county F.I.P.S. is 48329. This zip code contains two cities including Midland, TX (22.74%), and Odessa, TX (0.20%) The total land area is 70.8 square miles and the water area is 0.2 square miles. The elevation in this area is 2802 - 2920 feet. The zip code is on central standard time and observes daylight savings time.
The zip 79707 is in county number 135 and is L. Sector 89, L. Segment 03, H. Sector 03, and H. Segment 03. The population was 40,356 in 2019 and 32,854 in 2010. Of this, the break down in 2019 was 37,184 urban and 3,171 rural. This further breaks down to 20,432 males (50.6%) and 19,923 females (49.4%). The median age of residents is 33.0 years. The population of the greater Midland, TX area is 133,025. The population density (people per square mile) is 570. This zip code has a combined total of 15,454 houses and condos. There are 5,673 rented appartments. 38% of residents rent versus the 38% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $137,115 and the average salary is $88,142. The median household income of individuals is $63,107.00 and the average is $162,500.00. This zip code has a mean commute time to work of 20.3 minutes. The unemployment rate is 2.1%. Income earners by percent breakdown as 39.60% (Under $50,000), 31.50% ($50,000-$100,000), and 28.90% earn over $100,000. 6.6% of residents live below poverty line versus the 13.6% in the state that are below this line. The cost of living index is 85.3. The educational breakdown is 94.3% have a high school education or higher, 40.0% have a bachelor's degree or higher, and 13.4% have some kind of profesional degree.
This area has 13,440 households and the average size is 2.7 people. Individuals who are single and have never been married are 27.6%, 57.6% are now married, 1.0% are separated, 4.9% are widowed, and 8.9% are divorced. The average yearly contribution amount given by people to charity was $14,138 versus the state average of $6,808. The percent of residents who gave to charity was 28.0%.
The estimated median value of houses and condos is $329,070. The median monthly owner costs of mortgage holders was $2,165, where as the costs for those who don't have a mortgage are $891. The median number of rooms in houses and condos are 7.0 versus apartments which had a median number of 3.4.
The real estate tax percent rate is 1.5% which equated to an average real estate tax amount payment of $4,961. 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 1.6% which amounted to an average tax amount of $5,177. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.4% which amounted to an average tax amount of $4,658. Reported taxable interest for persons was $2,708, dividends $10,787, capital gains +$91,373, and itemized deductions $32,548. The average earned income tax credit is $2,198. The percent of individuals that use a tax preparer is 54.2%. The total average income taxes paid by individuals was $7,395. Businesses reported an average profit of $32,282.
Saltgrass Steak House
4511 W Loop 250 N, Midland, TX 79707
Texas Roadhouse
4512 W Loop 250 N, Midland, TX 79707
Cream Lab
3201 N Midland Dr, Unit 150, Midland, TX 79707
Ranch House-Golden Glazed Hams
5103 W Wadley Ave, Midland, TX 79707
Monterrey Cocina Mexicana
3323 N Midland Dr, #100, Midland, TX 79707
Tokyo Express
4501 W Wadley Ave, Midland, TX 79707
Rose Asian Market and Resteraunt
2215 N Midland Dr, Midland, TX 79707
Great Wall Chinese
2215 N Midland Dr Ste 2C, Midland, TX 79707
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