Dumas, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dumas, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Dumas Housing Market Information

With a population of 15,001, 4,631 total housing units (homes and apartments), and a median house value of $112,665, house prices in Dumas are solidly below the national average.

Single-family detached homes are the single most common housing type in Dumas, accounting for 76.29% of the city's housing units. Other types of housing that are prevalent in Dumas include mobile homes or trailers ( 8.30%), duplexes, homes converted to apartments or other small apartment buildings ( 7.95%), and a few large apartment complexes or high rise apartments ( 5.10%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Dumas. Owner-occupied housing accounts for 67.19% of Dumas's homes, and 70.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Dumas built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Dumas built between 1940-1969 ( 42.84%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.47%). There's also some housing in Dumas built before 1939 ( 1.34%).

Vacant housing appears to be an issue in Dumas. Fully 10.23% of the housing stock is classified as vacant. Left unchecked, vacant Dumas homes and apartments can be a drag on the real estate market, holding Dumas real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Dumas Home Appreciation Rates

In the last 10 years, Dumas has experienced some of the highest home appreciation rates of any community in the nation. Dumas real estate appreciated 25.77% over the last ten years, which is an average annual home appreciation rate of 2.32%, putting Dumas in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dumas definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Dumas appreciation rates have trailed the rest of the nation. In the last twelve months, Dumas's appreciation rate has been 0.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Dumas were at 0.45%, which equates to an annual appreciation rate of 1.82%.

Relative to Texas, our data show that Dumas's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$112,665

Dumas, TX HOME PRICES

Value Range
> $1,116,000 0.0
$837,001 - $1,116,000 0.0
$558,001 - $837,000 1.2
$446,001 - $558,000 0.1
$335,001 - $446,000 1.9
$223,001 - $335,000 4.5
$112,001 - $223,000 36.8
$56,001 - $112,000 37.1
$0 - $56,000 18.5

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
69.7175670924645 53.5019455252918

Number Of Homes And Apartments:
4,631

Dumas Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
63.34% 2.89% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,016 / per month

Homeownership Rate

Homeownership
Owners 67.19
Renters 32.81
Vacant 10.23

Housing Market Details

 

Age of Homes

AGE OF Dumas HOMES
2000 or Newer 8.5
1970 - 1999 47.4
1940 - 1969 42.8
1939 or Older 1.3

Types of Homes

TYPE OF Dumas HOMES
Single-Family 76.3
Townhomes 2.0
Small Apt. Buildings 7.9
Apt. Complexes 5.1
Mobile Homes 8.3
Other 0.4

Home Size

SIZE OF Dumas HOMES
No Bedroom 3.35
1 Bedroom 4.34
2 Bedrooms 20.82
3 Bedrooms 61.79
4 Bedrooms 8.74
5 or more bedrooms 0.95

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Zip Codes in Dumas, TX