ZIP Code 79742 — Grandfalls town, TX Demographics & Data

ZIP code 79742 covers Grandfalls, TX in Ward County with a population of about 593.

At a glance, the area shows median age of 24.5 versus a U.S. median of about 38.9.

It sits in telephone area code 432; U.S. House district TX-23; the ODESSA - MIDLAND media market.

Median household income in ZIP 79742 is about $117,515 — about 56% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 9.9%; unemployment rate near 4.2%; 24.1% of adults with a bachelor’s degree or higher (about 9.7 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Real estate, Education, and Manufacturing; a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $91,400 — about 74% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $330 (about 72% below the U.S. median rent ($1,163)), and owner-occupancy near 83.1% (about 17.7 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 79742 in Grandfalls, TX, a household would need roughly $25,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $587. That sits below the local median household income ($117,515), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Grandfalls town, TX as Very Low (composite score 15.4), which is relatively lower than many U.S. communities. The strongest component scores on US5 are wildfire (75.3) and flood (27.1). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Grandfalls town, TX show little to no average snow and around 13.7 inches of annual precipitation.

IRS migration statistics show a net inflow of about 28 for ZIP 79742 (Grandfalls town, TX) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.