The story of this market
The typical home in ZIP 79758 sells for about $414,500, or $194 per square foot.
Prices are up +11.9% from a year ago, so sellers still have some momentum. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 79758 — Gardendale
The Midland housing market shows signs of stabilization with a median sale price of $414,500. Market activity remains balanced, though inventory levels and sales volume suggest a cautious environment for buyers and sellers alike.
The area primarily serves families and professionals associated with the regional energy industry.
Median prices moved up 11.9% year over year.
Homes spend a median of 47 days on market with 0.0 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 12.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 79758, Midland County TX
The local economy is heavily anchored by the energy sector, which drives significant infrastructure and development momentum in the region.
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 economy is dominated by the oil and gas industry, which serves as the primary driver for employment and regional economic activity.
Data retrieved from ZCTA-level census profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.