The story of this market
The typical home in ZIP 79040 sells for about $200,000, or $115 per square foot.
Prices are down 1.2% from a year ago, which gives buyers more room to negotiate. Homes take about 92 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 79040 — Gruver
The 79040 housing market in Gruver is a low-volume, rural market where price growth has flattened. Current conditions reflect a stable but limited inventory, with buyers requiring careful due diligence regarding property maintenance and local economic reliance on agriculture. The market is currently characterized by slow turnover and limited development momentum.
This ZIP is best suited for local families and workers in the agricultural or energy sectors who prioritize affordability and a quiet, rural lifestyle over proximity to major urban amenities.
Median prices moved down 1.2% year over year.
Homes spend a median of 92 days on market with 6.5 months of supply — a slower-moving market.
8% 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 3.8% · poverty 9.5% — 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 3.6%/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 3.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79040, Hansford County TX
Crime rates in the Gruver area remain low and are generally considered stable, reflecting the typical safety profile of rural Texas Panhandle communities.
The area is served by the Gruver Independent School District, which is generally regarded as a stable, community-focused district with consistent performance metrics.
The region faces standard Texas Panhandle risks, including high wind events and occasional severe thunderstorms, with flood risk generally low outside of specific drainage areas.
The local economy is heavily anchored by agriculture and energy-sector operations, with limited new large-scale commercial development currently underway.
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 or involve travel to nearby regional hubs in the Texas Panhandle, with residents relying on personal vehicles for all transit needs.
Recreational opportunities are centered on local community parks and school-based sports facilities, with limited commercial shopping and dining options available within the immediate vicinity.
The rental market is characterized by limited inventory and steady demand from local workers, with few short-term rental pressures observed.
The economy is primarily driven by the agricultural sector and regional energy production, which provide the main employment base for the area.
Transportation is entirely dependent on private vehicle use, with no public transit infrastructure serving the area.
There are no major commercial or residential developments currently approved or under construction in the 79040 ZIP code.
The Hansford County Appraisal District manages property assessments for the area, following standard Texas property tax code procedures.
Parcels are subject to taxes from the Gruver Independent School District and Hansford County, with no significant MUD or PID activity reported.
Property insurance premiums are influenced by regional weather risks, including wind and hail, which are common in the Texas Panhandle.
Data retrieved from US Census Bureau ACS 5-year estimates for ZCTA 79040.
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 providing basic outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.