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Gaut Appraisal Blog

Lefors TX Real Estate Market and Area Focus
May 16th, 2013 1:52 PM

Lefors, which is in our appraisal coverage area, is a small Texas community that makes up a part of Gray County, sits on the North Fork of the Red River, just twelve miles southeast of Pampa. It was named after Perry LeFors who was traveling through the Panhandle in 1878 and settled in the area, becoming the foreman for the Diamond F Ranch. The first town homestead was built in 1882 by Travis Leach, a local rancher who quickly became known, as his log cabin served as the stagecoach stop on the mail route to Tascosa.

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Soon other settlers moved to the area, and in 1892 a post office was opened, with a church-school building appearing in 1896. In 1902 when the county was formed Lefors became the county seat. During the early 1920s a local oil boom increased the population, brought a school district, electricity and other modern utilities. However during the sixties the town suffered from unemployment due to local plant closings and the tornado of 1975 further depleted the population. As of 2000, the local population of Lefors sat at about 559.

Despite, it’s tragedies the Lefors community has held strong, and today this area offers a lot of potential to people wanting to get away from big city life and take up the pleasures of country living. Just 12 miles from Pampa, Texas and 60 miles from Amarillo, Texas, Lefors is very accessible to modern city life, shopping areas and other urban attractions, such as the Pampa summer festivals, the Globe News Center for Performing Arts, the American Quarter Horse Heritage Center and the Amarillo Botanical garden.

The median household income is approximately $39,244. While this may not be the best, there are still distinct advantages to the area. For instance, the small community size, makes it beneficial for school aged children because the schools are also small. Lefors has one elementary, one middle school and one high school, with a total of 185 students. Although, not a top school district, the school’s size does benefit the learning capability of each student.

Recent real estate appraisals for home prices in this area show it an ideal investment opportunity for people looking for low price investments. When available real estate averages in Lefors stand at about $150,000, but there are also low price properties or foreclosures available starting in the $50,000 range.

Lefors offers affordable living in a small community setting. However, the community is not transient, so there are only a few homes on the real estate market at any given time. Still when real estate info is available prices are relatively affordable.

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 May 16th, 2013 1:52 PMPost a Comment

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