79703, Midland, TX

The 79703 zip code of Midland, TX has a population of around 128,000 people. The median household income in this zip code is $64,000 which is above the national median household income of $53,046. The homeownership rate in this zip code is 68% which is above the national homeownership rate of 63%. Home values in this zip code have increased by an average of 9.5% over the past five years.

One reason for the increase in home values in this zip code may be due to the low unemployment rate and strong economy. Midland has been one of the fastest growing cities in Texas over the past few years and it seems likely that this trend will continue. Another reason for the increase in home values may be due to low interest rates which are making it more affordable to buy a home than to rent one.

There are some risks associated with buying a home including potential economic downturns or housing market crashes. However, based on current trends it seems likely that home prices will continue to rise in this zip code over the next few years. If you are interested in buying a home in this area we would recommend speaking with a real estate agent who can help you find your perfect property.