The story of this market
The typical home in ZIP 76651 sells for about $319,990, or $198 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,188 a month.
ZIP 76651 — Italy
The housing market in 76651 remains stable, characterized by moderate price growth and limited inventory. Demand is driven by buyers seeking affordability relative to the broader DFW metroplex, though the market remains sensitive to interest rate fluctuations.
This ZIP is ideal for family buyers and commuters seeking affordable housing and a quiet, small-town atmosphere while maintaining access to the DFW metroplex.
Median prices moved up 4.2% year over year.
Homes spend a median of 85 days on market with 4.8 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 2.9% · poverty 11.1% — 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 7.3%/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 6.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 76651, Ellis County TX
Crime rates in Italy are generally lower than the national average, with the area experiencing a stable trend typical of small rural Texas towns.
The area is served by the Italy Independent School District, which provides a small-town educational environment with moderate accountability ratings.
The region faces standard North Texas climate risks, including potential for severe thunderstorms and wind events; flood risk is localized to specific low-lying areas.
Economic momentum is driven by proximity to the Dallas-Fort Worth metroplex, with local growth focused on residential expansion and small-scale commercial development.
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 commute via I-35E, providing a direct but lengthy drive to the Dallas employment core.
Local amenities include historic downtown sites, community parks, and proximity to regional lakes and outdoor recreation areas in Ellis County.
The rental market is characterized by limited inventory and steady demand from residents seeking a small-town lifestyle within commuting distance of larger cities.
The local economy is supported by small businesses, agriculture, and a workforce that largely commutes to the broader Dallas-Fort Worth industrial and service sectors.
The area is served by I-35E, which acts as the primary transit corridor for regional connectivity.
Development is primarily focused on low-density residential infill and small-scale commercial projects along the highway corridor.
The Ellis County Appraisal District manages property assessments for the area, following standard Texas property tax code procedures.
Parcels are subject to Italy ISD taxes and standard county-level special districts for emergency services and road maintenance.
Property insurance premiums are influenced by regional exposure to severe weather, including hail and wind risks common in North Texas.
Data retrieved from data.census.gov 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.
- Urban Air Trampoline and Adventure Park415.5 mi
- The Gameroom4.518 mi
- Scarborough Renaissance Festival4.711.9 mi
- Texas Motorplex4.714.3 mi
- Hooky Entertainment Waxahachie4.315.3 mi
- The Porch Venue511.7 mi
- Firefly Gardens4.717.7 mi
- Scarborough Fair in Waxahachie, Tx.4.411.9 mi
- The Porch Venue511.7 mi
- Lions Park4.412.8 mi
- Roadside America Museum4.718.3 mi
- Texas Through Time4.818.3 mi
- Ellis County Museum4.513.8 mi
- Boat Dock Park4.511.7 mi
- Lions Park4.412.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Features historic architecture and local heritage sites.
Provides local green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.