The story of this market
The typical home in ZIP 76642 sells for about $259,500, or $156 per square foot.
Prices are up +34.98% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $866 a month.
ZIP 76642 — Groesbeck
The 76642 housing market is experiencing significant price appreciation, with a 34.98% year-over-year increase in median listing prices. While inventory remains tight, the market is supported by steady demand for affordable rural-adjacent housing. Current conditions reflect a transition toward higher price points, though the market remains accessible compared to larger Texas metropolitan areas.
This ZIP is well-suited for families and individuals seeking a quiet, rural-adjacent lifestyle with affordable housing options and a slower pace of life compared to larger Texas metros.
Median prices moved up 35.0% year over year.
Homes spend a median of 88 days on market with 5.6 months of supply — a balanced-paced market.
12% 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 4.3% · poverty 10.4% — 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 9.5%/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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 76642, Limestone County TX
Crime rates in Groesbeck are generally consistent with rural Limestone County trends, with localized law enforcement presence providing coverage for the area.
The area is primarily served by the Groesbeck Independent School District, which provides standard public education services for the local community.
The region is subject to standard Texas climate risks, including potential for severe thunderstorms and heat-related hazards; flood risk varies by specific parcel location.
Economic momentum is driven by local agricultural, retail, and public sector employment, with steady but modest development activity within the city limits.
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).
Commuting is primarily car-dependent, with residents typically traveling to nearby employment hubs in Limestone County or toward the Waco metropolitan area.
Local amenities include proximity to Lake Limestone for water-based recreation, local parks, and basic retail and dining options within the city of Groesbeck.
The rental market is characterized by limited inventory and steady demand, with a mix of long-term residential rentals and some investor-held properties.
The local economy is anchored by the Groesbeck Independent School District, local government, and agricultural services, with a focus on small-town retail and services.
Transportation is dominated by private vehicle use, with access to state highways connecting the area to larger regional centers.
Development is primarily focused on infill residential projects and small-scale commercial improvements within the existing city footprint.
The Limestone County Appraisal District manages property assessments for all parcels within the county, adhering to state-mandated appraisal standards.
Parcels are subject to Groesbeck ISD taxes and potential special utility district assessments for water and sewer services.
Property insurance premiums are influenced by regional weather patterns, including wind and hail risk common to Central Texas.
Texas is a non-judicial foreclosure state, allowing for expedited processes under the deed of trust.
Texas law requires sellers to provide a written disclosure notice to buyers regarding the condition of the property.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
Major regional reservoir providing fishing, boating, and recreational access.
Local green space providing community gathering areas and outdoor facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.