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Gaut Appraisal Blog

Alanreed Texas Real Estate Market & Appraisal Area Focus
April 4th, 2013 8:55 PM

Alanreed TX continues the tradition of 'wild' Texas life - it is the ideal location for rancher and cowboys. Next to the Oklahoma panhandle, and originally, founded as a way station for the Choctaw Oklahoma and Texas Railroad, it has undergone many names, including “Gouge Eye,” chosen in honor of a memorable saloon brawl. In the early 1900’s, it was renamed Alanreed in honor of Messrs. Alan and Reed, who started the contracting firm that founded the way station.

Image at Wikipedia by Faolin42
Alanreed is ideal for inexpensive real estate in an out of the way community, where old West traditions and atmosphere still exist. It once lined up with the old Route 66, but is now only accessible via Interstate 40 and FM291. It sits just 59 miles east of Amarillo, Texas and 7 miles west of Mclean, Texas.

At one time, Alanreed TX was a bustling town of 500 people, but now it's a quieter community of about 50 residents. Its proximity to the 1,500 residents of Mclean TX and the overall greater population of 22,000 of Gray County, makes it far from lonely. In the Gray County area, there are approximately 8,793 households and about 24 people per square mile. Median income for Gray County residents is about $31,368 per household, and only about 11 percent of the population lives below the poverty line.

Many ranchers, farmers and people opting for a simpler life make their home in Alanreed. Some housing stock is available, but jump on them when you can get them, and there are large parcels of property at excellent prices. Homes start at about $20,000 and increase to an average home price of about $136,000, depending on size and surrounding land. Availability of foreclosures in Alanreed TX is limited. The surrounding Gray County has several bank owned properties at superb prices, some starting in the low $20,000 range.

Amarillo TX Appraisal CompanyJohn B. Dudley, SRA is an SRA-designated commercial and residential appraiser, with 35 years experience. serving the Texas pandhandle, including Amarillo TX Canyon TX Hereford TX Pampa TX Dumas TX Panhandle TX Borger TX Claude TX Dalhart TX Friona TX.
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Posted by John Dudley on April 4th, 2013 8:55 PMPost a Comment

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