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Gaut Appraisal Blog

Sunray TX Real Estate Market & Appraisal Area
April 25th, 2013 11:17 PM

The rural community of Sunray, TX is home to 2,000 residents. Located 57 miles to the north of Amarillo, the main industries are oil, gas, and agriculture. The town lies on 1.7 square miles of land, making it more of a neighborhood than a city.

Image at sunraycoop.com
A real estate appraisal will give a clear picture of the value of the property in Sunray. Only 20% of the homes in the community are considered rental property. Approximately 67 % of the residents live in homes that they own. This is higher than the state average. In 2009, the median real estate property taxes for homes in Sunray with mortgages were $1,428. For units without mortgages, the taxes were $275. The median value of homes in the community is below the state average, with vacant house and condominium asking price of $186,768. Median monthly housing costs run about $547.

The average household income for a family of four is about $82,500. While the Texas unemployment is at 7.0%, the unemployment rate in Sunray is only 4.4%. Half of the working residents only spend 12 minutes driving to work. More than 65% of the residents hold white-collar jobs and the rest work at blue-collar jobs.

The low crime rate in Sunray makes it a wonderful locality to raise a family. The tiny community provides good public education. An elementary school, one middle school and a high school are located in Sunray. Family activities are not lacking in the small town. The City of Sunray owns and operates Treasure Island municipal water park at 7th Street and Ave. R. Families enjoy the two 20 foot tall water slides, a killer whale slide and the USS Bobcat pirate ship. A snack bar with drinks and a variety of snacks is ready to feed hungry swimmers. Swimming lessons are available and private parties can be arranged.

Moore County Hospital is approximately 12 miles away in Dumas, TX. Other hospitals serving the area are Hansford County Hospital in Spearman, TX, and Golden Plains Community Hospital in Borger. These are less than 35 miles from Sunray. The area is also served by the Sunray airport.

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 25th, 2013 11:17 PMPost a Comment

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