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$75,000

NAL Estimated Property Value

3006 FM 51 Road, Decatur, TX, 76234

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

This lot is located on highway frontage in the well-established Lipsey Addition and is a great place to build your new home. With several trees on the property it will supply shade for your back yard. While it has city services being water and sewer in the alley behind the lot it also has a 400' Trinity water well with plenty of water for watering your yard or use on your future pool is so desired or whatever you want to use it for. The lot is 0.334 acres being 100' x 150' in size. Decatur is very limited on lots like this especially ones with their own well and it won't last long.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$450 /month
Positive
Cash Flow Estimate:
$150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Decatur

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3006 FM 51 Road | Property Details | No Agent List