The story of this market
The typical home in ZIP 79034 sells for about $187,888, or $140 per square foot.
Prices are down 14.6% from a year ago, which gives buyers more room to negotiate. Homes take about 41 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 79034 — Follett
The housing market in 79034 is experiencing a period of price correction, with median sale prices declining year-over-year. Low inventory levels and limited sales volume reflect a quiet, rural market where demand remains steady but constrained by regional economic factors.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle with a low cost of living and strong community ties.
Median prices moved down 14.6% year over year.
Homes spend a median of 41 days on market with 1.3 months of supply — a fast-moving market.
26% of listings have cut prices · homes sell at 98.2% 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 5.6%/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 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79034, Lipscomb County TX
Schools in the area are primarily served by the Follett Independent School District, which maintains a small-town educational environment.
The region is subject to high wind events and occasional severe weather typical of the Texas Panhandle, with standard insurance requirements for property coverage.
The local economy is heavily anchored by agriculture and energy sector operations, with limited large-scale 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 car-dependent, with residents traveling to nearby regional hubs for employment and services.
Recreation is centered on local community parks and open spaces, with limited commercial shopping and dining options within the immediate vicinity.
The rental market is characterized by low inventory and stable demand, primarily serving local workers and families.
The economy is driven by agriculture, ranching, and energy production, which provide the primary employment base for the region.
Transportation is entirely reliant on private vehicles, with no public transit infrastructure available.
There are no major commercial or residential developments currently under construction in this ZIP.
The Lipscomb County Appraisal District manages property assessments for the area.
Parcels are subject to school district taxes and county-level levies.
Property insurance premiums are influenced by regional exposure to severe weather, including hail and wind risks.
Texas is a non-judicial foreclosure state with relatively short timelines for the foreclosure process.
Sellers are required to provide a standard property disclosure notice regarding the condition of the home.
Data retrieved from data.census.gov for ZCTA 79034.
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 community green space for recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.