79407 ZIP Code Housing Market
$250,000median sale price
Quick answer: The median home sale price in ZIP code 79407 is $250,000, up 6.4% year-over-year. Homes sell in an average of 148 days with 191 active listings. The market is currently a leaning buyer's.
79407 market data
| Metric | Value |
|---|---|
| Median sale price | $250,000 |
| Median list price | $279,000 |
| Year-over-year price change | +6.4% |
| Average days on market | 148 days |
| Active inventory | 191 listings |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 79407 zip code, located in McGregor, TX, is currently classified as a leaning buyer's. The median sale price stands at $250,000, representing a +6.4% change year over year. Homes in this area spend an average of 148 days on the market before going under contract. There are currently 191 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 79407 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
141
Last 12 weeks
Days on market
148
Average pace
Active listings
191
Sale-to-list
—
Below asking
Market trends
Market analysis for 79407
The 79407 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 79407 have increased +6.4% compared to last year, suggesting continued demand and potential for further appreciation. 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 79407 stands at $224,673, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,502 per month. This gives a price-to-rent ratio of approximately 12.5, which suggests that buying may be more cost-effective than renting in this area over the long term. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
24,000
Median income
$61,509/yr
Median age
29.5 years
Owner-occupied
4724.0%
College grads
3802.0%
Avg commute
19.66 min
Living in 79407
Zip code 79407 is home to approximately 24,000 residents. The median household income is $61,509 per year, which shapes the types of homes and amenities available in the area. With a median age of 29.5 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 4724.0% 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 3802.0% 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 19.66 minutes, which is shorter than the national average and suggests good proximity to employment centers. 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 79407.
Frequently asked questions about 79407
What is the median home price in 79407?
The current median sale price in 79407 is $250,000, based on recent Redfin transaction data. Prices have changed +6.4% 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 79407 a buyer's or seller's market?
The 79407 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 79407?
Zip code 79407 has a population of approximately 24,000 residents. The median household income is $61,509 per year. About 4724.0% 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 79407?
Properties Incorporated provides comprehensive data for 79407 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 79407 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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