76048 ZIP Code Housing Market
$280,000median sale price
Quick answer: The median home sale price in ZIP code 76048 is $280,000, down 1.2% year-over-year. Homes sell in an average of 105 days with 321 active listings. The market is currently a leaning buyer's.
Is the 76048 ZIP code a buyer's or seller's market?
ZIP code 76048 is currently a leaning buyer's and homes selling in about 105 days. How we determine this →
76048 market data
| Metric | Value |
|---|---|
| Median sale price | $280,000 |
| Median list price | $310,685 |
| Year-over-year price change | -1.2% |
| Average days on market | 105 days |
| Active inventory | 321 listings |
| Sale-to-list price ratio | 97.7% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 76048 zip code, located in McGregor, TX, is currently classified as a leaning buyer's. The median sale price stands at $280,000, representing a -1.2% change year over year. Homes in this area spend an average of 105 days on the market before going under contract. There are currently 321 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 76048 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
125
Last 12 weeks
Days on market
105
Average pace
Active listings
321
Sale-to-list
97.7%
Below asking
Market trends
Market analysis for 76048
The 76048 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 97.7% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 76048 have declined -1.2% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 76048 stands at $315,852, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,556 per month. This gives a price-to-rent ratio of approximately 16.9, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
27,000
Median income
$70,346/yr
Median age
45.8 years
Owner-occupied
7362.0%
College grads
2614.0%
Avg commute
29.33 min
Living in 76048
Zip code 76048 is home to approximately 27,000 residents. The median household income is $70,346 per year, which shapes the types of homes and amenities available in the area. With a median age of 45.8 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 7362.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 2614.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 29.33 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 76048.
Top public schools in ZIP 76048
10 schools tracked · 6,709 students
The largest public schools serving ZIP code 76048 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
GRANBURY H S
Grades 8-12 · 2,209 students
ACTON MIDDLE
Grades 6-8 · 917 students
JOHN AND LYNN BRAWNER EL
Grades PK-5 · 890 students
GRANBURY MIDDLE
Grades 6-8 · 832 students
MAMBRINO SCHOOL
Grades PK-5 · 830 students
NETTIE BACCUS EL
Grades PK-5 · 471 students
EMMA ROBERSON EARLY LEARNING ACADEMY
Grades PK · 344 students
PREMIER H S OF GRANBURY
Grades 9-12 · 138 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 76048
What is the median home price in 76048?
The current median sale price in 76048 is $280,000, based on recent Redfin transaction data. Prices have changed -1.2% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 76048 a buyer's or seller's market?
The 76048 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 76048?
Zip code 76048 has a population of approximately 27,000 residents. The median household income is $70,346 per year. About 7362.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 76048?
Properties Incorporated provides comprehensive data for 76048 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 76048 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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