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Gaut Appraisal Blog

Hale Center TX Real Estate Market & Appraisal Area Focus
September 19th, 2013 9:26 AM

Hale Center sits at the intersection of Interstate 27 and Farm Market Road 1914 in central Hale County, just 11 miles from Plainview and 33 miles from Lubbock. The town sits on about 1.1 square miles of land. Founded in 1893 when two rival communities, Hale City and Epworth joined together to build this new site. At the time, residents moved buildings from both communities to this location.

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The town and post office were named after the county, because the community sits in the center of it. At one point, Hale Center was considered as a possible railroad prospect, but when these failed, the town experienced a long drought, and at one point almost became a ghost town. Residents moved their homes back to their ranches and in 1998 there were only two existing businesses. In 1909 the coming of the Santa Fe Railroad revived Hale Center and the town grew to a population of more than 1,000 by 1930.

Community: Currently, the town’s population reaches about 2,000 and most of the local industry is agricultural. However, the town is gaining some notoriety for the All-American Country Fiddlers contest and the large July 4th celebration that takes place here.

Just 47 miles north of Lubbock and only 12 miles from Plainview, Hale center offers easy access to shopping, schools, and entertainment activities. This community offers country living at a close to urban life location.

Real Estate Market: With such a small population, Hale Center doesn’t have many homes on the real estate market, but homes that do come up for sale are reasonably priced with average price ranges of about $80,000 to $100,000. Homes in this area are generally single family 2 to 3 bedroom homes, often built in the late 1960s, 70s, and 80s. Hale Center was not an area severely hit by the real estate crisis of the past few years, so rarely, will you find foreclosure prices. Still, as in all communities, people fall on hard times so when you do come across this type of property you want to act quickly.

Because many of these homes are older, you always want to get a reliable Hale Center appraisal before closing on any property negotiation.

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 September 19th, 2013 9:26 AMPost a Comment

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