The story of this market
The typical home in ZIP 75803 sells for about $307,500, or $148 per square foot.
Prices are up +9.69% from a year ago, so sellers still have some momentum. Homes take about 143 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $763 a month.
ZIP 75803 — Palestine
The housing market in 75803 is characterized by moderate price growth and a high vacancy rate compared to national averages. Affordability remains a key driver, with home values significantly below the national median, supporting local demand despite slower market velocity.
This area is primarily suited for local families and budget-conscious buyers seeking lower entry price points compared to the national average.
Median prices moved up 9.7% year over year.
Homes spend a median of 143 days on market with 13.0 months of supply — a slower-moving market.
10% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 15.0% — a stable, low-distress profile.
ZCTA 75803, Anderson 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 rental market shows limited inventory with a median rent of $763; vacancy rates are estimated at 16.5%.
The local economy is centered around Palestine, TX, with a mix of regional services and small-scale industry.
The Anderson Central Appraisal District manages property assessments for the county.
Parcels are subject to local school district and county-level special district taxes.
Data retrieved from US Census Bureau ACS 5-year estimates.
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. Source: NCES EDGE public school locations 2023-24.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.