The story of this market
The typical home in ZIP 79073 sells for about $165,000, or $108 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 79073 — Plainview
The housing market in 79073 remains stable with modest price appreciation and balanced inventory levels. Demand is supported by the local agricultural and educational sectors, keeping the market resilient despite broader economic shifts. Sales activity is consistent, reflecting a steady, long-term buyer base rather than speculative growth.
This ZIP is well-suited for families and local workers seeking affordable housing in a stable, small-city environment. It is less attractive to high-frequency commuters or investors looking for rapid appreciation, but offers a solid value proposition for those prioritizing cost of living.
Median prices moved up 3.2% year over year.
Homes spend a median of 62 days on market with 4.1 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 96.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.4% · poverty 17.8% — 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 5.2%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 79073, Hale County TX
Crime rates in Plainview are generally consistent with regional averages for West Texas, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered typical for a rural-adjacent city of its size.
The area is served by the Plainview Independent School District, which provides a range of public education options. Schools are generally characterized as meeting state accountability standards, though performance varies across individual campuses.
The region faces moderate risks from severe weather, including high winds and occasional hail, which influence property insurance premiums. Flood risk is generally low, though localized drainage issues can occur during heavy rainfall events.
Economic momentum is driven by agriculture, food processing, and education, with Wayland Baptist University serving as a major anchor. Infrastructure development is focused on maintaining regional connectivity and supporting local industrial expansion.
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 residents typically traveling within the city or to nearby regional hubs via US-70 and I-27. Public transit options are limited, making personal vehicle ownership essential for most residents.
The area features several local parks, including Regional Park, and provides access to community sports facilities and golf. Shopping and dining are concentrated along the main commercial corridors, serving the immediate needs of the local population.
The rental market is characterized by steady demand from students and local workforce, with limited new multi-family construction. Vacancy rates remain low, and rent growth has been moderate, reflecting the stable local economy.
The economy is anchored by agriculture, food processing, and the education sector. Wayland Baptist University and local industrial employers provide the primary employment base for the region.
Transportation is dominated by highway access via I-27 and US-70, which connect the city to the broader South Plains region. Infrastructure is primarily focused on road maintenance and regional freight logistics.
Development planning is focused on small-scale commercial infill and infrastructure upgrades within the city limits. There are no major large-scale master-planned communities currently under construction.
The Hale County Appraisal District manages property assessments for all taxing jurisdictions within the county. They utilize mass appraisal techniques to determine market values annually.
Parcels are subject to levies from the Plainview ISD, Hale County, and the City of Plainview. Some areas may fall under specific utility or water district jurisdictions.
Property insurance premiums are influenced by regional exposure to wind and hail events. Market health is stable, though carriers are increasingly sensitive to roof age and condition.
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.
A private university that serves as a major cultural and economic anchor for the city.
Provides green space, walking trails, and recreational facilities for residents.
Features an 18-hole golf course serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.