CITY SPOTLIGHT:
TOM BEAN, TEXAS
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Tom Bean, Texas
At A Glance
Population: 997
Increase Since Last Census: +7.09%
Median Home Price: $236,000
YOY Increase: +3.4%
Unemployment Rate: 2.6%
*latest numbers as of May 2024
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TOM BEAN:
GRAYSON CO. GROWTH STRIKES SMALL TOWNS TOO
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Additionally, the infrastructure development in and around Tom Bean further enhances its appeal to investors. The region benefits from well-maintained roads and highways, facilitating seamless connectivity to major employment centers in Sherman and Denison.
Furthermore, lower property taxes and relatively affordable housing costs allow investors to maximize their returns and achieve higher cash flow margins.
Overall, investing in Tom Bean, Texas, presents an opportunity for real estate investors seeking to leverage the growth potential of the Sherman-Denison metropolitan area. With its strategic location, robust infrastructure, affordable real estate prices, and quality-of-life amenities, Tom Bean offers a perfect blend of urban convenience and suburban tranquility.
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TOM BEAN:
FROM RAILROAD TOWN TO SATELLITE CITY
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Forming a Foundation in 20th Century | |
In the early days of the 20th century, the city boomed. Within a few years, it boasted a grain company, a furniture company, a drugstore, a newspaper called the Tom Bean Bulletin, a saloon, a dance hall, a movie theater, and the Tom Bean social club.
By 1891, the city school was operating out of a two-story building with a large auditorium and several churches were built in the area.
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Importance of Its Neighbors | |
As time progressed, the sharp increase in automobile travel and transport, and the decline of cotton as the principal crop of the area, led businesses to the larger cities of Denison and Sherman.
Nowadays, Tom Bean's importance as an investment satellite is its proximity to Sherman, where tens of thousands of jobs are expected to come in the next 5-10 years. Where will they move if not the closest towns around?
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TOM BEAN:
NEARBY THINGS TO DO
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Cottonwood Farms
Bringing sourdough baked goods fresh daily to Texoma! 'Grab and Go' family dinners & lunch items utilizing freshly sourced organic produce from Cottonwood Farms in Bells as well as retail farm-crafted gifts. Located in Whitewright, just a few miles north of Tom Bean, it's an easy trip for anyone in the area to stop in and get some of the best sourdough bread they've ever had!
Learn more
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Denison Farmers Market
Just a few short miles from Tom Bean, the Downtown Denison Farmers Market gives their customers the best shopping experience in the Grayson County area. For more than 10 years, the farmers market has offered residents their homemade and homegrown goods, and the market stays open through early October!
Learn more
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BarnHill Vineyards
Barnhill Vineyards, in nearby Anna, is a delightful blend of rustic charm and modern flair. It's nestled in the serene countryside and offers fabulous live music, as well as some sip and shops, wine tasting, and of course, the beautiful Texas skies and sunsets that you won't find anywhere else in the country!
Learn more
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Buckley Farms
Want a barn where you can receive professional coaching and training and still enjoy a family-friendly, relaxed environment? Whether you are looking for your first riding lesson or getting ready for a National event we welcome the opportunity to serve you by providing personalized training and instruction to fit your needs and goals.
Learn more
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- Sherman- 15min
- Denison- 20min
- McKinney- 35min
- Dallas- 55min
- Near U.S. 75
- Texas Highway 11
- Texas Highway 69
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Storing corn a key aspect of marketing plan
Farm Progress
From Bruce and Chad Wetzel’s shop yard, the view downhill into bottomland is framed by several grain bins on either side of an opening into a field of corn that’s bordered on the backside by a brilliant green stand of soybeans.
It’s a good photo op. But those grain bins offer much more than an ideal place to take a photo.
“Grain storage will make money,” Chad says. Their bins represent 300,000 bushels of storage capacity. “We have another 50,000 bushels of capacity on another farm,” he says. “I’d like to have more — enough to store wheat and corn. I think we can make money storing corn and wheat into the winter.”
Read more!
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Texas election recap, what's to come for Grayson College
KXII-TV
Saturday voters passed multimillion dollar bond packages for Whitesboro and Tioga ISD’s, as well as Grayson College.
“The bond is a $456 million project. It’s a ten-year project that entails a number of buildings for us, the first of which will be a renovation,” said Grayson College President, Dr. Jermey Mcmillen.
He said renovations will start after the semester ends.
First for the Electrical Engineering Technology Program, then the Health Sciences facility.
Read more!
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5 big plans that could bring explosive growth north of Dallas
Dallas News
The developer of McKinney’s huge Craig Ranch community made headlines this week when it won approval for a sprawling $4 billion development on the Texas side of Lake Texoma.
Developer Craig International plans to build a more than 3,100-acre project on the lake’s south shore about an hour and a half north of Dallas.
It’ll include more than 7,000 residential units, including single-family homes and multifamily, along with a resort hotel, restaurant and marina.
It’s the latest big project to surface in Grayson County, the last county on U.S. Highway 75 between Collin County and Oklahoma.
Read more!
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READY TO INVEST IN TOM BEAN?
CONTACT OMNIKEY REALTY'S
INVESTMENTS TEAM!
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We are a licensed, top-rated, and experienced property management firm servicing North, East, Central, and South Texas and beyond since 2006. We specialize in single, multi-family, and commercial properties. Our goal is to make the investment property ownership and rental experience a positive, stress-free, and successful one.
VISIT THEIR WEBSITE NOW!
TX #0560726 & OK #205650
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info for this email from: World Population Review, redfin.com, Rocket Homes, areavibes.com, U.S. Bureau of Labor Statistics, Point2Homes.com, rate.com, Federal Reserve Bank of St. Louis, Census Reporter, U.S. Census 2010, U.S. Census 2020, Herald-Banner, American Cottom Museum website, Trip Advisor, ratemyballpark.com, Front Porch News | |
TOM BEAN, TEXAS CITY SPOTLIGHT | |
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