The story of this market
The typical home in ZIP 79083 sells for about $145,000, or $98 per square foot.
Prices are down 2.1% from a year ago, which gives buyers more room to negotiate. Homes take about 82 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 79083 — Stinnett
The housing market in 79083 remains stable with low inventory and modest price adjustments. Activity is driven by local workforce needs in the energy sector, with limited new construction keeping supply tight.
This ZIP is best suited for local workers in the energy and agricultural sectors and families seeking affordable, rural-adjacent housing in the Texas Panhandle.
Median prices moved down 2.1% year over year.
Homes spend a median of 82 days on market with 5.4 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 12.4% — 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 4.8%/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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79083
The area is subject to regional wind and wildfire risks common to the Texas Panhandle, with insurance premiums trending upward due to severe weather exposure.
Economic momentum is primarily driven by the energy and agricultural sectors in the surrounding Panhandle region, with limited new residential 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 typically rely on personal vehicles for long-distance commutes to regional employment hubs like Borger or Dumas.
Local recreation is centered on community parks and proximity to regional outdoor activities, including Lake Meredith National Recreation Area.
The rental market is characterized by low inventory and stable demand from local workforce populations, with limited short-term rental activity.
The local economy is heavily reliant on the energy industry, specifically oil and gas production, alongside regional agricultural operations.
Transportation is entirely dependent on highway infrastructure, with no public transit options available.
There are no major large-scale residential or commercial developments currently approved or under construction in this ZIP.
Property assessments are managed by the respective county appraisal districts, which conduct annual valuations for tax purposes.
Parcels are subject to local school district taxes and county-level hospital district assessments.
Property insurance costs are rising due to increased frequency of severe weather events, including hail and wind damage in the Panhandle.
Texas operates as a non-judicial foreclosure state, allowing for expedited processes under the deed of trust.
Sellers are required to provide a standard Seller's Disclosure Notice detailing the condition of the property.
Data retrieved from data.census.gov ZCTA 79083 profile.
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.
Regional destination for boating, fishing, and hiking.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.