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Gaut Appraisal Blog

Skellytown TX Real Estate Market & Area Appraisal Focus
February 20th, 2013 11:05 PM

A Bit of Skellytown Real Estate History

In the mid 1920s, rancher Henry Schafer mapped out a section of land to form a town that was between two oil camps, Roxana in the north and Noelette in the east. During the early days, the Skelly Oil Company leased out this platted land and tapped underground into the nearby oil field located in Roxana. Eventually the town, which was at first nicknamed Ole Skelly, was officially renamed Skellytown, after William Grove Skelly, founder and prominent oil speculator from Oklahoma.

Skellytown TX Appraisal
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The town did not become settled until the Panhandle and Santa Fe Railway built a railway line from White Deer and a depot just north of Skellytown. The activity from the railway spurred on the settlement of all three oil towns, which eventually were joined under the Skellytown Townsite Company. With over 100 working wells and two refineries, Skellytown was booming with many shops, drugstores, warehouses and movie theaters, along with rooming houses and a hotel. At the end of the 1920s, the town had added a post office, emergency hospital and elementary school and reached a population of 450 by 1931.

The population fluctuated from a low of just slightly over 150 in two years to almost 700 during World War II. The town incorporated in the 1950s and established a water and sewer district. One of the historic buildings that still remains in Skellytown today is the old refurbished Skelly filling station. This building and a few abandoned ones are considered points of interest and photo ops for travelers along the scenic road that heads to Amarillo and through the Texas Panhandle.

Skellytown Residential Profile

Located in Carson County, Texas, this town boasts a population of nearly 500 persons with a decline in population of 22.5% since 2000. The median age for a resident is 48.6 years, and the estimated median household income in 2009 was slightly over $40,000. Most of the residents are married and are employed in transportation, manufacturing, mining, oil, utilities, and other industries.

Skellytown Real Estate Market

The 287 homes and 25 rentals in the area have a median value of almost $45,000 each, compared to just over $125,000 for Texas in 2009. Median rent in 2009 was $543 and monthly housing costs $358. Median asking price for for-sale homes and condos in 2009 was slightly over $186,000. The median size of home has 5.3 rooms, which is almost equivalent to 5.8 rooms in the state, with most having between 2 to 3 bedrooms.

The cost of living index is lower than the US average. The climate in Skellytown ranges from 20 F in winter to 90 F in the summer. There is one runway at the Skellytown Airport, three medical centers within 50 miles and two colleges that are within 60 miles. Most who work spend an average of 20 minutes to get to work and use a car as transportation. Most renters have spent an average of four years in rental, while most homeowners have been living in their home for an average of 16 years.

Skellytown City Data
SkellytownTexas Escapes

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 February 20th, 2013 11:05 PMPost a Comment

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