ZIP Code Market Report
78159 — Smiley, TX
Data through February 2026 · Updated monthly
Avg Home Value
$234,772
▼ 11.3% year-over-year
Month-over-Month
-1.6%
▼ 1.6%
Single Family
$236,084
Condo / Co-op
--
The average home value in the 78159 ZIP code (Smiley, TEXAS) is $234,772 as of February 2026. Home prices are declining, down 11.3% compared to last year.
The market in 78159 has a $476,912 spread between bottom-tier homes at $116,338 and top-tier homes at $593,251. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
This report is part of the Gonzales County market area in TEXAS. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Gonzales County report.
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Market Snapshot
78159 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $240,747 | $238,674 | $234,772 | ▼ 2.5% |
| Single Family Value | $236,289 | $236,497 | $236,084 | ▼ 0.1% |
Home Values
78159 Home Value Trend
Historical home values for ZIP code 78159. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
Property Types
Home Values by Property Type in 78159
How different property types compare in this ZIP code.
All Homes
$234,772
Single Family
$236,084
Bottom Tier
$116,338
Top Tier
$593,251
Data Sources and Methodology
Home value data for ZIP code 78159 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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