The story of this market
The typical home in ZIP 79250 sells for about $136,000, or $65 per square foot.
Prices are down 20.7% from a year ago, which gives buyers more room to negotiate. Homes take about 64 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $645 a month.
ZIP 79250 — Petersburg
The housing market in the 79250 area is characterized by extremely low transaction volume and declining prices. Market activity is minimal, reflecting the rural nature of the region.
This area is best suited for those seeking a rural, low-density lifestyle in the Texas Panhandle.
Median prices moved down 20.7% year over year.
Homes spend a median of 64 days on market with 0.0 months of supply — a balanced-paced 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) · unemployment 0.9% · poverty 20.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 79250, Hale County TX
The area is primarily agricultural with limited industrial or commercial development momentum.
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).
The area is near Caprock Canyons State Park and Trailway, offering outdoor recreation opportunities.
The local economy is heavily reliant on agriculture and ranching.
Data sourced from Census Bureau and IncomeByZipCode.
A major regional attraction featuring rugged canyons and hiking trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.