The story of this market
The typical home in ZIP 77871 sells for about $289,000, or $171 per square foot.
Prices are roughly flat from a year ago (+1%), a market in balance. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $1,014 a month.
ZIP 77871 — Normangee
The Somerville, TX (77871) housing market shows a median sale price of $289,000 with a price per square foot of $171. Market data indicates a modest year-over-year price increase of 1%.
Median prices moved up 1.0% year over year.
Homes spend a median of 43 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.
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).
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.