FIPS 48121, TX: 10 findings, 2 at a watch level and 8 noted

10 findings fired for FIPS 48121, TX this run, against a typical home value of $435,555 in August 2026 and covered employment of 317,833 in 2026 Q1.

This is the real estate lens: Agents, investors, appraisers, relocation It keeps the findings whose subject matches that interest and drops the rest, so it is a subset of the full brief and never a different set of numbers. The full brief is the canonical version of this page.

10 findings #

currentretrieved 2026-10-02

  1. watchFIPS 48121, TX's typical home value is -3.1% against a year earlier, a watch level here: typical home value below a year ago (arithmetic on Zillow ZHVI, county and metro files; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

    Period 2026-08.
    Show the arithmetic
    • test: home.yoyPct = -3.126196930452365 < 0

    arithmetic on Zillow ZHVI, county and metro files; not an official level

  2. watchFIPS 48121, TX's covered employment is -0.4% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

    Period 2026 Q1.
    Show the arithmetic
    • test: jobs.yoy.emp = -0.4 < 0

    BLS QCEW over-the-year percent change, as published; not an official level

  3. noteFIPS 48121, TX's average weekly wage was 1.1% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

    Period 2026 Q1.
    Show the arithmetic
    • +1.1 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
    • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

    BLS QCEW over-the-year percent change, as published

  4. noteFIPS 48121, TX's typical asking rent fell 0.6% from $1,717 in July 2026 to $1,707 in August 2026, on Zillow ZORI.

    Period 2026-08.
    Show the arithmetic
    • -0.6% = (1707.074126848699 - 1716.909841890809) / 1716.909841890809 × 100
    • 1707.074126848699 = Zillow ZORI, 2026-08
    • 1716.909841890809 = Zillow ZORI, 2026-07

  5. noteFIPS 48121, TX's covered employment was 0.4% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

    Period 2026 Q1.
    Show the arithmetic
    • -0.4 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
    • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

    BLS QCEW over-the-year percent change, as published

  6. noteFIPS 48121, TX's covered employment of 317,833 ranks 96th of 3,221 US counties, against a median of 8,232.

    Period 2026 Q1.
    Show the arithmetic
    • 97 on the 0-to-100 scale across 3221 US counties that published jobs.emp

    position among the entities that published this metric this period; not an official level

  7. noteFIPS 48121, TX's typical home value of -3.1% ranks 2,844th of 3,063 US counties, against a median of +2.9%.

    Period 2026-08.
    Show the arithmetic
    • 7 on the 0-to-100 scale across 3063 US counties that published home.yoyPct

    position among the entities that published this metric this period; not an official level

  8. noteThe next Unemployment rate (BLS Employment Situation, monthly) covering FIPS 48121, TX is due between 2026-09-25 and 2026-10-09, estimated from the publisher's past release pattern.

    Show the arithmetic
    • window = 2026-09-25 to 2026-10-09, estimated from the publisher's past release pattern

    estimated from the publisher's past release pattern; not an announced date

  9. noteThe next Zillow ZHVI typical home value (monthly) covering FIPS 48121, TX is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.

    Show the arithmetic
    • window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern

    estimated from the publisher's past release pattern; not an announced date

  10. noteThe next Zillow ZORI typical rent (monthly) covering FIPS 48121, TX is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.

    Show the arithmetic
    • window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern

    estimated from the publisher's past release pattern; not an announced date

A lens narrows which numbers are shown, not which holes are admitted to: a withheld figure or a pending release survives every lens, because a gap is a fact about the place rather than about one reader's subject.

Subscribe to this lens #

currentretrieved 2026-10-02

The same narrowed findings as a feed.

Sources #

  • publishedZillow Home Value Index (ZHVI)Zillow Researchopen the source
    County_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv · period 2026-08 · retrieved 2026-10-02
  • publishedQuarterly Census of Employment and WagesU.S. Bureau of Labor Statisticsopen the source
    area 48121, all ownerships, all industries · period 2026-Q1 · retrieved 2026-10-02
  • publishedZillow Observed Rent Index (ZORI)Zillow Researchopen the source
    County_zori_uc_sfrcondomfr_sm_month.csv · period 2026-08 · retrieved 2026-10-02
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-02 · month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-02 · momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%)
  • estimateZillow Home Value Index (ZHVI)Zillow Researchopen the source
    · retrieved 2026-10-02 · typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month
  • estimateZillow Observed Rent Index (ZORI)Zillow Researchopen the source
    · retrieved 2026-10-02 · month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns
  • estimateQuarterly Census of Employment and WagesU.S. Bureau of Labor Statisticsopen the source
    · retrieved 2026-10-02 · typical home value / (average weekly wage × 52); one average covered job, not a household

Citations

  • Zillow Research. Zillow Home Value Index (ZHVI). series County_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. period 2026-08. https://files.zillowstatic.com/research/public_csvs/zhvi/County_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv. accessed 2026-10-02.
  • U.S. Bureau of Labor Statistics. Quarterly Census of Employment and Wages. series area 48121, all ownerships, all industries. period 2026-Q1. https://data.bls.gov/cew/data/api/2026/1/area/48121.csv. accessed 2026-10-02.
  • Zillow Research. Zillow Observed Rent Index (ZORI). series County_zori_uc_sfrcondomfr_sm_month.csv. period 2026-08. https://files.zillowstatic.com/research/public_csvs/zori/County_zori_uc_sfrcondomfr_sm_month.csv. accessed 2026-10-02.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-02. estimate computed by Embedding Atlas: month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns.
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-02. estimate computed by Embedding Atlas: momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%).
  • Zillow Research. Zillow Home Value Index (ZHVI). https://www.zillow.com/research/data/. accessed 2026-10-02. estimate computed by Embedding Atlas: typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month.
  • Zillow Research. Zillow Observed Rent Index (ZORI). https://www.zillow.com/research/data/. accessed 2026-10-02. estimate computed by Embedding Atlas: month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns.
  • U.S. Bureau of Labor Statistics. Quarterly Census of Employment and Wages. https://www.bls.gov/cew/. accessed 2026-10-02. estimate computed by Embedding Atlas: typical home value / (average weekly wage × 52); one average covered job, not a household.

What these numbers are not

  • The newest BLS QCEW file carries no year-earlier level, only the over-the-year percent change BLS publishes itself. Every employment and wage comparison here states that published change; none of them is a move from one level to another, because the two levels are not both in the file.
  • A percentile here is a min-max scaling of average rank across the entities that published the metric this period: the smallest published value scores 0 and the largest scores 100. It is not the share of entities below the value, and entities that did not publish the metric are counted in neither the rank nor its denominator.
  • The named indicators shown beside this brief are national or basin-level series, not measurements of FIPS 48121, TX; 30-year fixed mortgage rate (watch) is at a watch or alert level. They are context.
  • County 48121 is not in the offline place manifest yet (21 of about 3,235 counties are), so its name and centroid have to come from upstream at request time.
  • USAspending did not answer for recipients, awarding agencies and NAICS.
  • Obligations are what agencies committed in FY2026 by place of performance: not outlays, and not the recipient's own location.
  • FY2026 closed 2 days ago; agencies report with up to a 45-day lag, so totals are still filling in.
  • The indicator block is the NATIONAL set, filtered only by lens. None of these series is keyed to this place: they are United States, gauge, single-state or port series and they are shown as context, not as this place's own readings.

Page assembled 2026-10-02T07:01:24.493Z. Place identity tables have never been pulled: names, centroids and memberships come from the offline seed, which is complete for states and metropolitan areas and partial for counties.