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Gaut Appraisal Blog

Edmonson TX Real Estate Market & Appraisal Area Focus
April 2nd, 2013 9:46 PM

The life of the Texas frontier lives on in communities like Edmonson TX. This is that small Texas community we’ve all heard of, where everyone knows each other and still offers that friendly morning ‘Howdy.’ Just a short distance from the Oklahoma Panhandle, the town was once known as Running Water, until 1928, when residents moved their businesses 3 miles north to the rail line, making a ghost town of Running Water. In 1938, the town council renamed the community, Edmonson, and it became an important railroad switch on the Fort Worth and Denver Railway.

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Edmonson is a small, quiet community of 150 residents and a part of the larger community of 36,000 residents of Hale County, home of the Jimmy Dean Sausage folk. In Hale County, there are approximately 11,975 households, and about 9,136 residing families with about 36 people per square mile. The median income for Hale County residents is about $35,250 per household and about 18% live under the poverty line.

Edmonson is the ideal area to settle down and raise a family in a peaceful, friendly out of the way place, where old West family traditions still exist. Sitting at the junction of State Highway 194 and Farm Road 1424, it offers a special appeal to buyers wanting inexpensive property options that offer wide open spaces and the beauty of the Texas plains.

Some housing options are available but you want to jump at the opportunities when they become available. Homes start in the low $20s and increase to an average home price of around $135,000, depending on the size, location and surrounding land. Foreclosures are limited in Edmonson but the surrounding Hale County offers several bank foreclosure and property auction options at prime prices, some starting at as low as $20,000.

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 2nd, 2013 9:46 PMPost a Comment

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