The story of this market
The typical home in ZIP 76864 sells for about $519,950, or $303 per square foot.
Homes take about 85 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,050 a month.
ZIP 76864 — Mullin
The 76864 real estate market is a low-volume, rural market dominated by large-acreage ranch and land listings, which significantly inflates the average list price compared to the median. Current data shows 32 active listings with a median price of $519,950 and a median price per square foot of $303. Market activity is slow, with a median of 85 days on market and limited recent sales volume.
This ZIP is primarily suited for buyers seeking rural land, ranch properties, or quiet small-town living, as the market is heavily skewed toward large-acreage listings rather than traditional suburban housing.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 85 days on market with 10.7 months of supply — a slower-moving market.
9% 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) · unemployment 6.4% — a stable, low-distress profile.
ZCTA 76864, Mills County TX
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. 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). 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) — 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…
The rental market is characterized by low density and limited inventory, with HUD fair market rent for a 2-bedroom unit set at $1,050.
The local economy is primarily rural and agricultural, with limited commercial development and a reliance on the broader Mills County economic base.
Data retrieved from U.S. Census Bureau and ZIP-Codes.com; specific demographic fields not published for this ZCTA are omitted.
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.