The story of this market
The typical home in ZIP 79024 sells for about $80,000, or $65 per square foot.
Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 79024 — Darrouzett
The housing market in 79024 is characterized by low inventory and minimal price volatility, reflecting the stable, rural nature of the community. Sales volume remains very low, with prices holding steady over the past year. Market conditions are driven by local agricultural demand rather than speculative investment.
This ZIP is best suited for those seeking a quiet, rural lifestyle in the Texas Panhandle, including agricultural workers and long-term residents who value community stability over urban amenities.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 54 days on market with 6.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 9.8% — 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 0.7%/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 0.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79024, Lipscomb County TX
The area is served by the Darrouzett Independent School District, which provides local education for the small community.
The region is subject to standard Texas Panhandle risks, including high wind events and occasional severe weather, with insurance premiums reflecting rural fire and storm exposure.
The local economy is primarily driven by agriculture and energy-sector activity in the Texas Panhandle, with limited new commercial 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).
Commutes are primarily local within the rural Panhandle region, with limited access to major metropolitan employment hubs.
Recreation is centered on rural outdoor activities, with local community parks and proximity to open plains and regional wildlife areas.
The rental market is limited in depth due to the small population size, with low turnover and minimal investor activity.
The economy is anchored by agriculture, ranching, and energy production typical of the Texas Panhandle.
Transportation is entirely dependent on private vehicles, with State Highway 15 serving as the primary corridor.
No major commercial or residential developments are currently reported for this rural ZIP code.
The Lipscomb County Appraisal District manages property assessments for all parcels within the county.
Parcels are subject to local school district taxes and county-level assessments.
Property insurance is influenced by regional wildfire and windstorm risks common to the Texas Panhandle.
Texas operates as a non-judicial foreclosure state with relatively short timelines for lenders.
Texas law requires sellers to provide a standard Seller's Disclosure Notice regarding the condition of the property.
Data retrieved from data.census.gov for ZCTA 79024.
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.
Local public space for community gatherings.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.