The story of this market
The typical home in ZIP 79029 sells for about $215,000, or $135 per square foot.
Prices are up +14.7% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,026 a month.
ZIP 79029 — Dumas
The 79029 housing market shows steady price appreciation and consistent demand, driven by local industrial stability. While inventory remains tight, the market remains accessible for families and investors compared to larger Texas metros. Current conditions reflect a balanced environment with moderate growth.
This ZIP is well-suited for families and income-focused investors who value affordability and a stable, small-city environment over high-growth urban amenities.
Median prices moved up 14.7% year over year.
Homes spend a median of 44 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 12.5% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79029, Moore County TX
Schools in the Dumas area are primarily served by the Dumas Independent School District, which provides standard public education for the region.
The region is subject to standard Texas Panhandle climate risks, including high winds and occasional severe weather events.
The local economy is anchored by agriculture, energy, and manufacturing sectors, with steady but modest development momentum.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Dumas serves as a regional hub; most residents have short commutes within the city, while regional travel relies on US-287 and US-87.
Local amenities include municipal parks, community sports facilities, and proximity to regional outdoor recreation areas in the Texas Panhandle.
The rental market is characterized by a significant share of renters and moderate vacancy pressure, with yields often attractive to income-focused investors.
The economy is driven by agriculture, energy production, and manufacturing, providing a stable employment base for the region.
Transportation is primarily highway-based, with US-287 and US-87 serving as the main corridors for regional connectivity.
Development is focused on maintaining existing infrastructure and supporting local industrial growth.
The Moore County Appraisal District manages property assessments for the county.
Parcels are subject to school district taxes and local municipal utility assessments.
Property insurance premiums are influenced by regional weather risks, including wind and hail exposure common in the Texas Panhandle.
Texas is a non-judicial foreclosure state with relatively fast timelines for lenders.
Texas requires sellers to provide a standard Seller's Disclosure Notice regarding the condition of the property.
Data retrieved from US Census Bureau and local ZIP-level aggregators.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Primary local green space for community recreation.
Serves as a hub for local athletic and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.