The story of this market
The typical home in ZIP 75855 sells for about $74,500, or $75 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 75855 — Oakwood
The housing market in 75855 is characterized by low volume and stable, low-cost property values. Market activity is minimal, reflecting the rural nature of the area and limited inventory turnover.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including retirees and long-term residents who prioritize affordability over proximity to major urban employment centers.
Median prices moved up 2.5% year over year.
Homes spend a median of 120 days on market with 7.5 months of supply — a slower-moving market.
10% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.8% · poverty 19.5% — a mixed stability 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 2.1%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 75855
Schools serving the area are primarily managed by the Oakwood Independent School District, which maintains a small-town educational environment.
The area is subject to standard East Texas weather risks, including potential for severe thunderstorms and wind events.
Economic momentum is limited, with the area serving primarily as a rural residential and agricultural hub.
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).
Commuting is primarily car-dependent, with U.S. Route 79 serving as the main artery for travel to nearby employment centers like Palestine.
Local recreation is centered on rural outdoor activities, with limited immediate access to large-scale commercial shopping or entertainment venues.
The rental market is characterized by low inventory and limited turnover, primarily serving local residents.
The local economy is driven by agriculture, local government, and small-scale retail services.
Transportation infrastructure is limited to regional highway access via U.S. Route 79.
No major large-scale commercial or residential developments are currently reported for this rural ZIP.
Property assessments are conducted by the respective county appraisal districts in Leon and Freestone.
Parcels are subject to local school district taxes and county-level special district assessments.
Property insurance premiums are influenced by regional exposure to wind and storm risks common in East Texas.
Texas operates under a non-judicial foreclosure doctrine with relatively short notice periods.
Texas law requires sellers to provide a standard Seller's Disclosure Notice regarding the condition of the property.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.