Neighborhood in Midland, Midland County

Living in Fannin Terrace, Midland

A-

15th of 76areas in Midland
Overall score 82 of 100 vs Texas neighborhoods
Midland overall: C

Fannin Terrace is a neighborhood in Midland, TX, home to about 500 people. It gets an A-, in the top 20% of Texas neighborhoods, and ranks 15th of 76 areas we score in Midland. It does best on home ownership and worst on schools.

  • Well connected
  • Lots of parks
  • Schools scores low (15 of 100)
  • Hail risk is very high

Closest everyday places

Grocery store0.4 mi
Pharmacy0.8 mi
Parkunder 0.1 mi
Cafe0.3 mi
Restaurant0.3 mi
Gym0.3 mi
Hospital or urgent care1.5 mi
Childcare0.8 mi
Library1.2 mi

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

Population
520
Median rent
$2,150
Median home value
$343,000
Household income
$155,900
Average commute
23 min
Homes owned
96%
Loading map

What it's like to live in Fannin Terrace

Fannin Terrace is a neighborhood in Midland with about 500 residents, older homes (median year built 1964), mostly owner-occupied (96%) and 16% of households with children.

Our grade for Fannin Terrace is A-. That puts it 15th of 76 areas we grade in Midland, a city that gets a C overall.

Pros of living in Fannin Terrace

  • Higher incomes. The median household earns $155,900, 74% higher than the Midland median.
  • Groceries close by. The nearest grocery store is about 0.4 miles from the middle of the neighborhood.
  • Parks within walking distance. The closest park is about under 0.1 miles away.

Cons of living in Fannin Terrace

  • Pricier rent than the city. Median rent is $2,150, 50% 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 hail and winter storms as very high in this part of town.

Fannin Terrace report card

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

  • Cost of living: grade D+

    Median rent $2,150, homes cost 2.2x income.

    27 of 100 vs TX areas

  • Jobs and income: grade A

    Median household income $155,900, 0% unemployed.

    90 of 100 vs TX areas

  • Schools: grade D-

    Nearby schools average 72 of 100 on the state rating.

    15 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 C+

    Average commute 23 min, 0% work from home.

    54 of 100 vs TX areas

  • Education levels: grade B

    62% have a bachelor’s degree.

    66 of 100 vs TX areas

  • Health: grade B

    9.7% of adults uninsured.

    71 of 100 vs TX areas

  • Home ownership: grade A+

    96% of homes owner-occupied.

    95 of 100 vs TX areas

  • Internet access: grade A

    100% of homes have broadband.

    91 of 100 vs TX areas

Fannin Terrace compared with Midland

Better than Midland

  • Homes owned by the people living in them: 96%31 points higher than Midland (65%)
  • Median household income: $155,90074% higher than Midland ($89,585)
  • Adults with a bachelor's degree or higher: 62%28 points higher than Midland (34%)

Worse than Midland

  • Renters paying 30%+ of income on rent: 100%47 points higher than Midland (53%)
  • Median rent: $2,15050% higher than Midland ($1,434)
  • Average commute: 23 min16% higher than Midland (20 min)

Closest public schools

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

  • CFannin ElementaryElementary, Midland ISD0.1 mi
  • DGoddard Junior HighMiddle, Midland ISD0.8 mi
  • CLegacy High SchoolHigh, Midland ISD1.1 mi

Cost of living in Fannin Terrace

Median rent in Fannin Terrace is $2,150 a month, 50% 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 $343,000, 7% higher than the Midland median, which means a monthly payment of about $2,221 with property tax at today's mortgage rates.

MeasureHereMidlandTexas
Median rent50% higher than Midland$2,150$1,434$1,403
Median home value7% higher than Midland$343,000$319,200$283,800
Home value to income38% lower than Midland2.2x3.6x3.6x
Renters paying 30%+ of income on rent47 points higher than Midland100%53%52%
Homes owned by the people living in them31 points higher than Midland96%65%63%
Vacant homes7 points lower than Midland0%6.7%9.4%
Median year homes were builtAbout the same as Midland196419891992

Monthly cost to buy a median home

$2,221
Mortgage payment
$1,877
Property tax
$344
Median rent, for comparison
$2,150

Based on a $343,000 home in Fannin Terrace, 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 income74% higher than Midland$155,900$89,585$78,476
Unemployment rate4 points lower than Midland0%3.5%5.3%
People below the poverty line5 points lower than Midland7.7%12%14%
Adults with a bachelor's degree or higher28 points higher than Midland62%34%34%
Average commute16% higher than Midland23 min20 min27 min
Workers who work from home6 points lower than Midland0%6.2%14%
Workers who walk, bike or take transit1 points lower than Midland0.3%1.4%2.6%
Homes with broadband internet7 points higher than Midland100%93%91%

Natural hazard risk

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

  • River floodingModerate
  • HurricanesLow
  • TornadoesHigh
  • HailVery high
  • Heat wavesLow
  • WildfiresLow
  • Winter stormsVery high
  • Strong windModerate

Who lives in Fannin Terrace

Under 1810%
18 to 3429%
35 to 6442%
65 and over18%
Race and ethnicity
White69%
Hispanic or Latino28%
Black0.4%
Asian0%
Other or more than one race2.5%

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. AStonelakeAustin
  2. A-Scofield FarmsAustin
  3. B-Britian EstatesLewisville

Questions about Fannin Terrace

Is Fannin Terrace a good place to live?

Fannin Terrace is a neighborhood in Midland, TX, home to about 500 people. It gets an A-, in the top 20% of Texas neighborhoods, and ranks 15th of 76 areas we score in Midland. It does best on home ownership and worst on schools.

How much does it cost to live in Fannin Terrace?

Renters in Fannin Terrace pay a median of $2,150 a month, 50% higher than the Midland median. The median home is worth $343,000, 7% higher than the Midland median. A median home costs 2.2x the median household income, compared with 3.6x across Midland.

What schools serve Fannin Terrace?

The closest rated public schools are Fannin 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 Fannin Terrace 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.