The story of this market
The typical home in ZIP 76861 sells for about $186,100, or $1,081 per square foot.
Prices are up +2.4% from a year ago, so sellers still have some momentum. Homes take about 120 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 76861 — Miles
The housing market in 76861 remains stable with low inventory and modest price appreciation consistent with rural Texas trends. Market activity is limited by the small population base, with demand primarily driven by local residents and those seeking a rural lifestyle. Prices have seen steady growth over the last decade, reflecting broader regional economic stability.
This ZIP is best suited for families and individuals seeking a quiet, rural lifestyle who are comfortable with a commute to nearby San Angelo for major services.
Median prices moved up 2.4% year over year.
Homes spend a median of 120 days on market with 7.5 months of supply — a slower-moving 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 3.8% · poverty 9.2% — 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 5.5%/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 4.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 76861
The area is served by the Miles Independent School District, which maintains a small-town educational environment with limited extracurricular variety compared to larger urban districts.
The region is subject to standard Texas wildfire risks and occasional severe wind events; flood risk is generally low due to the arid climate.
Economic momentum is primarily driven by local agriculture and small-scale service industries, with limited large-scale commercial development.
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 driving to San Angelo for major employment and retail services.
Recreation is centered on rural outdoor activities, with local parks and proximity to regional lakes providing the primary amenity base.
The rental market is characterized by low inventory and limited turnover, with demand primarily driven by local workforce needs.
The local economy is heavily reliant on agriculture, ranching, and small-scale retail, with many residents commuting to San Angelo for broader employment opportunities.
Transportation is entirely reliant on private vehicles, with US Highway 67 serving as the primary corridor for regional travel.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP code.
The Runnels and Tom Green County Appraisal Districts manage property assessments, focusing on agricultural valuations for rural parcels.
Parcels are subject to Miles ISD taxes and potential rural water district assessments.
Property insurance premiums are influenced by regional wildfire and windstorm exposure, typical of the West Texas plains.
Texas is a non-judicial foreclosure state, allowing for expedited processes under the deed of trust.
Texas law requires sellers to provide a standard Seller's Disclosure Notice regarding the condition of the property.
Data retrieved from data.census.gov ZCTA 76861 profile.
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.
- Think In A Box - Escape Room517.3 mi
- CRC Roofers Coliseum4.416.7 mi
- Murphey Performance Hall4.817.4 mi
- The Grind Coffee & Cafe4.517.2 mi
- The Chicken Farm Art Center4.717.3 mi
- Giz & Hums' Billiards & Brew4.418.5 mi
- Fort Concho National Historic Landmark4.517.5 mi
- San Angelo Museum of Fine Arts4.617.4 mi
- The Chicken Farm Art Center4.717.3 mi
- ASU Mayer Museum4.619.5 mi
- Railway Museum of San Angelo4.617.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
Local community park providing basic recreational space.
Regional reservoir known for fishing and water recreation located within driving distance.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.