The story of this market
The typical home in ZIP 75423 sells for about $419,700, or $190 per square foot.
Prices are down 8.3% 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 $748 a month.
ZIP 75423 — Celeste
The Celeste housing market is currently characterized by a shift toward larger, unrestricted acreage properties, with a median listing price significantly higher than the historical median sale price. While sales volume remains low, the area is benefiting from regional industrial growth, keeping market sentiment stable despite a recent year-over-year decline in median sale prices.
This ZIP is ideal for family buyers and those seeking a rural, quiet lifestyle with acreage, while remaining within commuting distance of the growing North Texas industrial and tech corridors.
Median prices moved down 8.3% year over year.
Homes spend a median of 41 days on market with 33.7 months of supply — a balanced-paced market.
3% of listings have cut prices · homes sell at 97.4% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.3% · poverty 21.6% — a mixed stability 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 8.5%/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 8.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 75423, Hunt County TX
The area is served by the Celeste Independent School District, which provides local public education for the community.
The region is subject to standard North Texas weather risks, including severe thunderstorms and wind events; specific flood risk varies by parcel.
The area is experiencing spillover growth from the expanding Sherman technology and semiconductor manufacturing corridor and proximity to the new McKinney National Airport.
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).
Residents typically commute by car to nearby employment hubs like Greenville, with access to the Dallas-Fort Worth metroplex via major highway corridors.
The area offers a rural lifestyle with access to local parks, fishing, and boating opportunities in the surrounding North Texas lake country.
The rental market is limited in depth, primarily consisting of single-family homes with low vacancy pressure and minimal short-term rental saturation.
The local economy is anchored by agriculture and small-scale retail, with increasing influence from the nearby Sherman semiconductor manufacturing corridor and regional logistics.
Transportation is primarily automobile-dependent, relying on FM roads and state highways to connect to the broader Dallas-Fort Worth transit network.
Development is focused on residential expansion on large, unrestricted acreage lots, catering to those seeking rural living near industrial growth zones.
The Hunt County Appraisal District manages property assessments for the area, following standard Texas property tax code procedures.
Parcels are subject to Celeste ISD taxes and Hunt County general fund levies; specific MUD or PID districts are not prevalent in this rural ZIP.
Property insurance premiums are influenced by regional exposure to severe weather, including hail and wind, consistent with the broader North Texas market.
Data retrieved from US Census Bureau ACS profiles for ZCTA 75423.
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.
- Splash Kingdom Air Patrol4.415.5 mi
- Cathy's Critters4.617.3 mi
- BarnHill Vineyards4.815.3 mi
- Shenaniganz Entertainment Center4.514.6 mi
- Hunt County Livestock & Fair4.317.7 mi
- Graham Park4.411.9 mi
- Audie Murphy/American Cotton Museum4.814.4 mi
- Texas Tattoos and Art Gallery4.613.4 mi
- Graham Park4.411.9 mi
- Northeast Texas Trail4.612.9 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 green space for recreation.
Regional hub for community events and agricultural shows.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.