The story of this market
The typical home in ZIP 79778 sells for about $109,933, or $147 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $564 a month.
ZIP 79778 — Rankin
The housing market in 79778 is characterized by very low inventory and limited transaction volume. Prices remain stable at an affordable entry point for the region, reflecting the rural nature of Rankin, Texas.
This area is primarily suited for local residents and those seeking affordable, rural housing in West Texas.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 30 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.8% · poverty 17.8% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 79778, Upton County TX
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 local economy is primarily driven by rural industries and regional services in Upton County.
Data sourced from US Census Bureau ZCTA 79778 profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.