The story of this market
The typical home in ZIP 79342 sells for about $319,715, or $162 per square foot.
Prices are down 7.1% from a year ago, which gives buyers more room to negotiate. Homes take about 75 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $650 a month.
ZIP 79342 — Loop
The housing market in 79342 is characterized by low inventory and slow turnover, typical of a rural, agricultural-focused area. Prices have remained relatively stable, though year-over-year trends show a slight cooling compared to previous periods. Market activity is driven primarily by local demand rather than speculative investment.
This area is best suited for individuals seeking rural living or agricultural-adjacent lifestyles, rather than commuters or urban-focused buyers.
Median prices moved down 7.1% year over year.
Homes spend a median of 75 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 5.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79342
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 typically rely on personal vehicles for travel, with a mean commute time of approximately 22 minutes.
Rural setting with limited immediate access to major urban amenities or large-scale recreational facilities.
The rental market is limited in depth, primarily serving local agricultural or rural-based workers.
The local economy is heavily anchored in agriculture and energy-related industries.
Parcels are subject to local school district and county-level taxing authorities.
Property insurance premiums are influenced by regional exposure to wind and hail events common in West Texas.
Data retrieved from Census Reporter for ZCTA 79342.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.