The story of this market
The typical home in ZIP 76622 sells for about $336,745, or $150 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 58 days to sell. HUD's fair market rent for a two-bedroom is $794 a month.
ZIP 76622
The housing market in 76622 is characterized by low inventory and limited sales activity, typical of a rural area. While Zillow-based home values are higher, Census-based median home values remain lower, reflecting a mix of older housing stock and mobile homes. Market conditions are stable with no significant development or economic shifts reported.
This ZIP is best suited for those seeking rural, detached-home living at a lower price point than the nearby Waco metro core; it is less ideal for commuters or those requiring proximity to urban amenities.
Median prices moved down 2.1% year over year.
Homes spend a median of 58 days on market with 6.0 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 97.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 7.7% — a stable, low-distress profile.
ZCTA 76622, Hill County TX
The area is served by local rural school districts; specific performance ratings are not determinable at the ZIP level.
The FEMA National Risk Index indicates an overall risk profile higher than 88.5% of US census tracts, with ratings ranging from relatively moderate to relatively high across the ZIP's census tracts.
Economic activity is limited with only 14 business establishments reported; development momentum is low.
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).
Residents primarily rely on personal vehicles for commutes, with travel times reflecting the rural nature of the area toward regional employment hubs.
Recreational opportunities are primarily rural and open-space oriented, with limited commercial shopping or dining districts within a 3-mile radius.
The rental market is characterized by low density and limited inventory, with rents significantly below the Texas median.
The local economy is small and rural, with limited business establishments and a reliance on the broader Waco and Hill County labor markets.
No major commercial or residential developments are currently reported for this ZIP.
Property insurance premiums are influenced by the area's moderate-to-high natural hazard risk profile.
Data retrieved from Census Bureau ZCTA profiles and IncomeByZipCode.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.
A primary natural feature serving the area for outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.