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Gaut Appraisal Blog

Dial Texas Real Estate Appraisal Market Focus
July 18th, 2013 3:58 PM

The town of Dial, Texas is southeast of Stinnett in Hutchinson County. Now a closeknit community of around 100 residents, the town is part of Hutchinson County, an area of approximately 22,000 residents.

The town itself is also known as Gulf Dial, and named for the Dial Ranch where in 1925 the Gulf Oil Company drilled the Dial No. 1 well. There were several wells still in operation in the mid-1980s to 1990s.

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The area has an interesting demography; exactly half of all residents are female, according to a 2012 census by the US Census Bureau. The region boasts a fairly young population as well, with a quarter of the population being under 18. Over 80 per cent of the area can add “high school graduate” to their resumes as well, and a quarter of residents can also state they are bachelor’s degree holders.

Roughly 25 people occupy every square mile in Hutchinson County’s 887 square miles. This means that the region boasts some beautiful, wide open spaces for tourists and residents alike to enjoy. The region, however, struggles when it comes to maintaining the same sort of income as the average Texan; where the state’s median income hovers around the $50,000 mark, those living in Hutchinson County make approximately $44,100 annually.

Petroleum continues to be the chief industry in the area, as it has been for the last century. Housing also continues to be highly affordable, as housing prices continue to sit around the $120,000 mark where the state’s average house price hovers around $177,000.

The tornado activity in the region is also significantly above the Texas state average, with the average sitting 2.7 times higher than the United States average. Earthquake activity is not as great a concern, as the chance of an earthquake occurring is roughly 68 per cent lower than that of the United States as a whole.

Farms in the region boast an average size of about 2111 acres, with one of the chief agricultural outputs being corn. There are also 6.36 cows per 100 acres, and the value of livestock, poultry and their outputs account for about 80 per cent of the agricultural market.

As a whole, Dial continues to be a sleepy sort of community where city dwellers can escape the hustle of the work world. There are a wide range of options open for those trying to determine the best housing options when making the move to a smaller community. One thing is certain; Dial is an affordable option for those wanting to make a change to a quieter lifestyle.

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 July 18th, 2013 3:58 PMPost a Comment

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