The story of this market
The typical home in ZIP 79347 sells for about $194,500, or $118 per square foot.
Homes take about 54 days to sell. HUD's fair market rent for a two-bedroom is $650 a month.
ZIP 79347 — Muleshoe
The housing market in Levelland (79347) remains stable with a median listing price of $194,500 and limited inventory. Market activity is characterized by steady rental demand and a lack of significant price volatility, reflecting the area's role as a regional service hub.
This area is primarily suited for local workers and families seeking affordable housing options in a small-town setting.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 54 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 3.1% — a stable, low-distress profile.
ZCTA 79347, Hockley 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 in Levelland is characterized by limited inventory and stable pricing, with a median rent of $650 per month.
The local economy is centered around the Levelland micro area, with agriculture and regional services serving as primary economic drivers.
Data sourced from Data Commons and Census Bureau profiles for the Levelland Micro Area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.