The typical owner-occupied home in Dumas is worth about $156,300, 45% below the Texas median of $283,800 and 53% below the national median of $332,700. Owners pay a median $2,293 a year in property taxes, about 1.47% of their home's value, close to the Texas rate of 1.49%. The median household earns $63,788 a year, so the median home costs 2.5 times the median income (3.6 times for Texas). 62% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Dumas at a glance
| Dumas | Texas | U.S. | |
|---|---|---|---|
| Median home value | $156,300 | $283,800 | $332,700 |
| Median property tax paid per year | $2,293 | $4,232 | $3,119 |
| Property tax as a share of value | 1.47% | 1.49% | 0.94% |
| Median household income | $63,788 | $78,476 | $80,734 |
| Homes lived in by their owners | 62% | 63% | 65% |
| Owner homes with a mortgage | 53% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,443 | $2,106 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 21.7% | 21.0% |
| Median rent | $1,028 | $1,403 | $1,413 |
| Rent as a share of renters' income | 20.4% | 30.9% | 30.6% |
| Median year homes were built | 1972 | 1992 | 1980 |
| Vacant homes | 14.0% | 9.4% | 10.1% |
| Population | 14,452 | 30,188,424 | 334,922,499 |
What a typical home costs per month in Dumas
At this week's average 30-year rate of 7.11%, buying the median Dumas home of $156,300 with 20% down costs about $1,098 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,358, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $47,046 for the 20%-down payment. That payment is 21% of the median Dumas household income of $63,788; at that income and 20% down, the 28% guideline points to a home of about $212,000.
The median rent here is $1,028 a month, so owning the median home costs about $70 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,260 |
|---|---|
| Loan amount | $125,040 |
| Principal and interest | $841 |
| Property taxes (1.47% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $1,098 |
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| Down payment | $5,470 |
|---|---|
| Loan amount | $153,469 |
| Principal and interest | $1,032 |
| Property taxes (1.47% a year) | $191 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,358 |
Change the numbers in the calculator
Questions about home buying in Dumas
What is the median home value in Dumas?
About $156,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dumas?
Homeowners pay a median $2,293 a year, which is about 1.47% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Dumas?
For the median home with 20% down at 7.11%, the payment is about $1,098 a month. Keeping that under 28% of gross income takes about $47,046 a year.
More about Dumas
- Mortgage Refinance in Dumas
- Debt Relief in Dumas
- Home Equity Loans in Dumas
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data