Real Estate Investing in Dumas, Texas (79029)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79029 (Dumas, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 13.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Dumas, TX (79029)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 79029 Dumas
Investors eyeing 79029 need to respect the fundamentals at play. Home values of $194K come alongside slower price movement and elevated management overhead.
The investment case in 79029 is sturdy only for operators who understand what they are buying. A $194K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 79029's metrics run below Moore County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 79029 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Dumas's stable or hybrid ZIPs before stepping into 79029. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Dumas:
Market Trends
Home Value History (with trend line)
📊 How Does 79029 Compare?
| Metric | 79029 | Dumas | Dumas, TX | Texas |
|---|---|---|---|---|
| Home Value | $193,681 | $189,498 | N/A | $297,000 |
| 5-Year CAGR | 3.1% | 3.1% | N/A | 5.4% |
| Avg Rent | $1,026 | $968 | N/A | - |
| Cap Rate | 4.1% | 4.0% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79029 (Dumas, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $193,681 |
| Monthly Rent | $1,026 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +4.0% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79029
Population: 15,095
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 79029
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
How high is vacancy risk in Dumas, TX?
Occupancy in Dumas, TX runs steady with elevated vacancy. Well-priced units at $1,026/mo lease on reasonable timelines.
What is the average home sale price in Dumas, TX?
The median home value in Dumas, TX is roughly $194K. That puts it reasonable relative to the TX statewide average.
What is the average monthly rent in Dumas, TX?
Rental rates in Dumas, TX average $1,026/mo. Tenant demand and $194K home values make the yield look reasonable by investor standards.
Are eviction rules reasonable in Dumas, TX?
The landlord environment in Dumas, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What is the smart move for investors in Dumas, TX?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Dumas, TX. The numbers - $194K homes against $1,026/mo rents - support that play.
You know 79029 now. You don’t know where it ranks.
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