Neighborhood in Midland, Midland County

Living in Fair Oaks Estates, Midland

A-

16th of 76areas in Midland
Overall score 82 of 100 vs Texas neighborhoods
Midland overall: C

Fair Oaks Estates is a neighborhood in Midland, TX, home to about 1,000 people. It gets an A-, in the top 20% of Texas neighborhoods, and ranks 16th of 76 areas we score in Midland. It does best on jobs and income and worst on schools.

  • Errands close by
  • Short commutes
  • Lots of parks
  • Schools scores low (11 of 100)
  • Tornado risk is very high

Closest everyday places

Grocery store0.3 mi
Pharmacy0.7 mi
Park0.3 mi
Cafe0.3 mi
Restaurant0.3 mi
Gym0.5 mi
Hospital or urgent care1.0 mi
Childcare0.5 mi
Library0.7 mi

Straight-line distance from the middle of where people live. Overture Maps.

Population
1,010
Median rent
$2,160
Median home value
$372,000
Household income
$197,800
Average commute
15 min
Homes owned
91%
Loading map

What it's like to live in Fair Oaks Estates

Fair Oaks Estates is a neighborhood in Midland with about 1,000 residents, homes built around 1974, mostly owner-occupied (91%) and 42% of households with children.

Our grade for Fair Oaks Estates is A-. That puts it 16th of 76 areas we grade in Midland, a city that gets a C overall.

Pros of living in Fair Oaks Estates

  • Higher incomes. The median household earns $197,800, 121% higher than the Midland median.
  • Groceries close by. The nearest grocery store is about 0.3 miles from the middle of the neighborhood.
  • Parks within walking distance. The closest park is about 0.3 miles away.

Cons of living in Fair Oaks Estates

  • Pricier rent than the city. Median rent is $2,160, 51% higher than the Midland median.
  • Lower-rated schools nearby. Only 0 of the 3 closest public schools are rated A or B.
  • Natural hazard risk. FEMA rates the risk of tornadoes, hail and winter storms as very high in this part of town.

Fair Oaks Estates report card

Each grade compares Fair Oaks Estates with every neighborhood in Texas. Safety is not graded for single neighborhoods because police report crime for the whole city.

  • Cost of living: grade C-

    Median rent $2,160, homes cost 1.9x income.

    39 of 100 vs TX areas

  • Jobs and income: grade A+

    Median household income $197,800, 0% unemployed.

    100 of 100 vs TX areas

  • Schools: grade D-

    Nearby schools average 70 of 100 on the state rating.

    11 of 100 vs TX areas

  • Safety: no grade

    Citywide, 352 violent crimes per 100k, 1,631 property crimes per 100k.

    No score vs TX areas

  • Errands and things to do: grade A

    Most everyday stores and services within a mile of homes.

    92 of 100 vs TX areas

  • Getting around: grade B

    Average commute 15 min, 4.5% work from home.

    67 of 100 vs TX areas

  • Education levels: grade A-

    54% have a bachelor’s degree.

    86 of 100 vs TX areas

  • Health: grade C

    14% of adults uninsured.

    42 of 100 vs TX areas

  • Home ownership: grade A

    91% of homes owner-occupied.

    92 of 100 vs TX areas

  • Internet access: grade C-

    91% of homes have broadband.

    39 of 100 vs TX areas

Fair Oaks Estates compared with Midland

Better than Midland

  • Median household income: $197,800121% higher than Midland ($89,585)
  • Homes owned by the people living in them: 91%26 points higher than Midland (65%)
  • Adults with a bachelor's degree or higher: 54%20 points higher than Midland (34%)

Worse than Midland

  • Renters paying 30%+ of income on rent: 74%21 points higher than Midland (53%)
  • Median rent: $2,16051% higher than Midland ($1,434)
  • Homes with broadband internet: 91%2 points lower than Midland (93%)

Closest public schools

Texas Education Agency 2025 ratings. Check the attendance zone for any address with the district.

  • CEmerson ElementaryElementary, Midland ISD0.5 mi
  • DGoddard Junior HighMiddle, Midland ISD0.3 mi
  • CLegacy High SchoolHigh, Midland ISD1.3 mi

Cost of living in Fair Oaks Estates

Median rent in Fair Oaks Estates is $2,160 a month, 51% higher than the Midland median. A household would need about $86,000 a year to keep that rent at 30% of income.

The median home is worth $372,000, 17% higher than the Midland median, which means a monthly payment of about $2,464 with property tax at today's mortgage rates.

MeasureHereMidlandTexas
Median rent51% higher than Midland$2,160$1,434$1,403
Median home value17% higher than Midland$372,000$319,200$283,800
Home value to income47% lower than Midland1.9x3.6x3.6x
Renters paying 30%+ of income on rent21 points higher than Midland74%53%52%
Homes owned by the people living in them26 points higher than Midland91%65%63%
Vacant homes7 points lower than Midland0%6.7%9.4%
Median year homes were builtAbout the same as Midland197419891992

Monthly cost to buy a median home

$2,464
Mortgage payment
$2,036
Property tax
$428
Median rent, for comparison
$2,160

Based on a $372,000 home in Fair Oaks Estates, 20% down and a 30-year loan at 7.28% (Freddie Mac average, week of 2026-10-01). Property tax is the median for the surrounding Census tract, or the county where that is not published. Insurance and fees are not included.

Work, income and getting around

MeasureHereMidlandTexas
Median household income121% higher than Midland$197,800$89,585$78,476
Unemployment rate4 points lower than Midland0%3.5%5.3%
People below the poverty line12 points lower than Midland0%12%14%
Adults with a bachelor's degree or higher20 points higher than Midland54%34%34%
Average commute25% lower than Midland15 min20 min27 min
Workers who work from home2 points lower than Midland4.5%6.2%14%
Workers who walk, bike or take transit1 points lower than Midland0%1.4%2.6%
Homes with broadband internet2 points lower than Midland91%93%91%

Natural hazard risk

FEMA National Risk Index for the Census tracts in this area.

  • River floodingHigh
  • HurricanesLow
  • TornadoesVery high
  • HailVery high
  • Heat wavesLow
  • WildfiresModerate
  • Winter stormsVery high
  • Strong windModerate

Who lives in Fair Oaks Estates

Under 1831%
18 to 3421%
35 to 6429%
65 and over19%
Race and ethnicity
White62%
Hispanic or Latino38%
Black0%
Asian0%
Other or more than one race0%

Shown for information only. It is never part of any grade.

Other neighborhoods in Midland

  1. 1A+GrafalandMedian rent $1,250
  2. 2A+Grandridge Park
  3. 3AKimber-Lea
  4. 4ATrinity
  5. 5ARanchland HeightsMedian rent $1,090
  6. 6ACountry Sky
  7. 7APlantation HillsMedian rent $1,400
  8. 8APark PlaceMedian rent $2,380

Similar neighborhoods in other cities

Areas elsewhere in Texas with the closest mix of grades.

  1. B+Tomanet EstatesAustin
  2. B+Grandview PlaceAustin
  3. B+East BryanBryan

Questions about Fair Oaks Estates

Is Fair Oaks Estates a good place to live?

Fair Oaks Estates is a neighborhood in Midland, TX, home to about 1,000 people. It gets an A-, in the top 20% of Texas neighborhoods, and ranks 16th of 76 areas we score in Midland. It does best on jobs and income and worst on schools.

How much does it cost to live in Fair Oaks Estates?

Renters in Fair Oaks Estates pay a median of $2,160 a month, 51% higher than the Midland median. The median home is worth $372,000, 17% higher than the Midland median. A median home costs 1.9x the median household income, compared with 3.6x across Midland.

What schools serve Fair Oaks Estates?

The closest rated public schools are Emerson Elementary (elementary, rated C), Goddard Junior High (middle, rated D) and Legacy High School (high, rated C). School zones can differ from the closest school, so check with the district.

This area is built from 1 Census block group closest to the Fair Oaks Estates name on the map, so its edges are approximate. Sources: US Census Bureau 2020-2024 ACS 5-year, CDC PLACES 2025, Texas Education Agency, FEMA National Risk Index, Overture Maps. How we grade.