The story of this market
The typical home in ZIP 79749 sells for about $117,000, or $154 per square foot.
Prices are down 69.7% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,450 a month.
This ZIP has no home sales of its own, so its market figures come from Martin County, Texas (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 79749 — Lenorah
The Midland housing market shows a median listing price of $510,900 with a price per square foot of $207. Market activity is characterized by a significant number of price reductions, reflecting a cooling trend in the local real estate environment. Data for this specific ZIP code is limited, with most metrics derived from broader Midland city and county reports.
Median prices moved down 69.7% year over year.
Homes spend a median of 65 days on market with 7.5 months of supply — a balanced-paced market.
21% of listings have cut prices · homes sell at 94.2% of asking — demand is holding steady.
Awaiting this reading — not graded.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
The Midland economy is heavily anchored by the energy and petroleum industry, which drives regional employment and economic momentum.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass. Coherence hold-out: this pass's median price ($510,900) sat outside the 0.25–4× band around Martin County's retained level and was not stored.