The story of this market
The typical home in ZIP 79378 sells for about $122,232.
Prices are roughly flat from a year ago (0%), a market in balance. HUD's fair market rent for a two-bedroom is $1,014 a month.
ZIP 79378 — Wellman
Wellman (79378) is a small, rural community in Terry County with a population of 289. Market data for residential sales is not publicly reported at the ZIP level, reflecting the low-density, non-urban nature of the area.
This area is primarily suited for individuals or families seeking a rural, low-density environment with a very low poverty rate and a relatively high median household income compared to the surrounding county.
Median prices moved sideways 0.0% year over year.
Awaiting this reading — not graded.
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 0.0% · poverty 1.4% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 79378
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 mean travel time to work for residents is approximately 15.2 minutes.
The local economy is primarily agricultural, consistent with the broader Terry County region.
Data retrieved from Census Reporter profile for ZCTA 79378.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.