The story of this market
The typical home in ZIP 77475 sells for about $214,500, or $130 per square foot.
Homes take about 55 days to sell. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 77475 — Sheridan
The housing market in 77475 is characterized by extremely low inventory and minimal sales activity, reflecting its status as a small, rural community. Market conditions remain stable with limited price movement and low turnover, primarily driven by a demographic profile with a high concentration of seniors.
This area is primarily suited for rural residents and retirees seeking a quiet, low-density environment, as evidenced by the high senior population and limited housing inventory.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 55 days on market with 5.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.0% · poverty 12.0% — a stable, low-distress profile.
ZCTA 77475
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).
Data retrieved from US Census Bureau ZCTA 77475 profiles.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.