Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$219,579+4.1% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 20% have cut their price
Income needed to buy, per year$47,600About 0.7× the local median income ($71,014): affordable for a typical household
Days on market49 daysFaster than a year ago: sellers have the edge
Next 12 months+2.6%Zillow expects prices to rise slightly
The typical home in Amarillo, TX is worth $219,579, up 4.1% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $204,433, so the area is 7.4% overvalued. It is a seller's market: homes take about 49 days to sell, listings are down 13% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 2.6% over the next year. A household needs about $47,600 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,014. Typical rent is $1,309 a month, or $1,659 for a house. In the latest IRS figures, 146 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$219,579
Change in 1 year
+4.1%
Overvalued %
+7.4%
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Fair home value
$204,433
Change in 5 years
+23.7%
Zillow forecast, next 12 months
+2.6%
Home value to income
3.1×
Monthly mortgage payment (20% down)
$1,190
Income needed to afford it
$47,600
Property tax rate
1.44%
Rent and investing
Typical rent
$1,309
Typical rent for houses
$1,659
Price-to-rent ratio
14.0×
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HUD Fair Market Rent, 2 bedrooms
$1,107
Gross rental yield
7.15%
Cap rate (estimate)
4.65%
Market activity
Listings vs a year ago
−12.6%
Days on market
49
Listings with a price cut
19.9%
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Homes for sale
851
Pending sales per 100 listings
34
Asking price per sq ft
$161
People and jobs
Median household income
$71,014
Population change (1 year)
+0.7%
Unemployment rate
3.2%
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Population
276,235
Income adjusted for cost of living
$77,357
Net moves in (IRS)
+146
Cost of living (US = 100)
91.8
Schools, risk and environment
School rating (1 to 10)
7.1
FEMA hazard risk score (0 to 100)
86.1
Unhealthy air days a year
0
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Flood risk score
65.2
Wildfire risk score
95.0
Walkability (1 to 20)
9.9
Road, rail and air noise
53 dB
Questions people ask
Is Amarillo, TX overvalued?
Home prices in Amarillo, TX are slightly above what local incomes have historically supported: fair value is about $204,433, so the area is 7.4% overvalued.
Is Amarillo, TX a buyer's or seller's market?
Amarillo, TX is a seller's market: homes take about 49 days to sell, listings are down 13% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Amarillo, TX?
Home values in Amarillo, TX are up 4.1% over the last year. Zillow's forecast for the next 12 months is +2.6%.
How much do you need to earn to buy a home in Amarillo, TX?
A household needs about $47,600 a year to afford the typical home in Amarillo, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,014.