The story of this market
The typical home in ZIP 79359 sells for about $125,000, or $85 per square foot.
Prices are down 2.4% from a year ago, which gives buyers more room to negotiate. Homes take about 72 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $950 a month.
ZIP 79359 — Ropesville
The housing market in 79359 is stable with low transaction volume and modest price adjustments. Market activity is primarily driven by local employment in agriculture and energy, resulting in a balanced environment with limited inventory turnover.
This ZIP is best suited for local workers and families seeking affordable, small-town living in a rural setting, rather than investors or commuters looking for urban amenities.
Median prices moved down 2.4% year over year.
Homes spend a median of 72 days on market with 4.7 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 5.2% · poverty 16.5% — 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 4.4%/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 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79359, Gaines County TX
Crime rates in Seagraves are generally low and consistent with rural West Texas trends, though property crime remains the primary concern for local law enforcement.
The area is served by Seagraves Independent School District, which provides essential educational services for the local community with a focus on small class sizes.
The region faces moderate risks from wind and hail storms common to the Permian Basin, with standard insurance coverage typically available for residential properties.
Economic momentum is tied closely to the regional oil and gas industry and agricultural production, with limited new large-scale commercial development currently reported.
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 by personal vehicle, with residents typically traveling to nearby hubs like Seminole or Lubbock for major employment and services.
Local recreation is centered around community parks and high school sports facilities, with limited shopping and dining options available within the immediate ZIP code.
The rental market is characterized by low turnover and limited inventory, primarily serving local workers in the agricultural and energy sectors.
The local economy is heavily reliant on the agricultural sector and the Permian Basin oil and gas industry, which drive employment and local business activity.
Transportation is almost exclusively via private vehicle, with access to regional highways connecting to larger hubs in West Texas.
There are no major large-scale commercial or residential developments currently approved or under construction within the ZIP code.
The Gaines County Appraisal District manages property assessments, focusing on agricultural valuations and residential market adjustments.
Parcels are subject to Seagraves ISD taxes and Gaines County hospital district assessments.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure common to the Texas Panhandle and Permian Basin.
Data retrieved from data.census.gov 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.
- Gaines County Park and Golf Course4.610.3 mi
- Gaines County Golf Course4.510 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community space for outdoor activities and gatherings.
Primary venue for local high school sports events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.