Downtown Amarillo, Amarillo, TX—79101
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown Amarillo, Amarillo, TX
As of Oct '25, the median home price in Downtown Amarillo, Amarillo, TX is $104,000, with a year-over-year change of -5.7%. This indicates that home prices in Downtown Amarillo, Amarillo, TX are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $104,000 | -5.7% |
| Single Family | $104,000 | -5.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $91,000 | -8.1% |
3 Bed | $114,000 | -5.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown Amarillo, Amarillo, TX
As of July '25, Rentcast reports the average rent in Downtown Amarillo, Amarillo, TX is $927, with a year-over-year rent change of 17.6%. Per bedroom, the median rent as of July '25 in Downtown Amarillo, Amarillo, TX is studios: $550, 1-bedrooms: $949, 2-bedrooms: $1,170, 3-bedrooms: $900. The most common rental property sizes in Downtown Amarillo, Amarillo, TX are 1-bedroom and 2-bedroom, accounting for 42.5% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $745 | $927 |
| Studio Rent | $550 | $550 |
| 1 Bed Rent | $745 | $949 |
| 2 Bed Rent | $825 | $1,170 |
| 3 Bed Rent | $900 | $900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Downtown Amarillo, Amarillo, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown Amarillo, Amarillo, TX is 107. This is a increase of 15.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | 14.0% |
Listing Count | 1 | -43.0% |
| Listings as % of Homes | 0.3% | -43.0% |
Days on Market | 107 | 15.0% |
Demographics — Downtown Amarillo, Amarillo, TX
As of the latest ACS Survey released in 2023, Downtown Amarillo, Amarillo, TX has a population of 2,460, which has increased by 15.2% over the past 5 years. Downtown Amarillo, Amarillo, TX is a less popular place for families, as children make up 12.2% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,460 | 15.2% |
% Under 18 | 12.2% | -6.9% |
% Seniors | 30.0% | -16.7% |
% WFH | 2.6% | ∞% |
% w/ College Degree | 14.9% | -33.8% |
As of the latest ACS Survey released in 2023, Downtown Amarillo, Amarillo, TX is a predominantly white area, with 63.9% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Downtown Amarillo, Amarillo, TX is hispanic, making up 24.2% of the population. Foreign-born residents account for 3.9% of the population in Downtown Amarillo, Amarillo, TX, and this percentage has decreased by 42.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.9% | -10.9% |
% Black | 4.5% | -46.4% |
% Hispanic | 24.2% | 79.3% |
% Asian | 1.9% | ∞% |
% Foreign Born | 3.9% | -42.6% |
Mortgage and Risk — Downtown Amarillo, Amarillo, TX
According to HUD data as of 2023, there were 8 mortgage originations in Downtown Amarillo, Amarillo, TX, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Downtown Amarillo, Amarillo, TX. Investor activity is high, as 50.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 8 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 50.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Downtown Amarillo, Amarillo, TX
Downtown Amarillo, Amarillo, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 112 |
Total Units Section 8 | 112 |
% Rentals under Section 8 | 10.2% |
% Occupied Section 8 | 69.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $85 | $745 | $830 |
| 2 Bedroom | $185 | $825 | $1,010 |
| 3 Bedroom | $490 | $900 | $1,390 |
| 4 Bedroom | N/A | N/A | $1,610 |
Affordability — Downtown Amarillo, Amarillo, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $104,000 |
| Median Household Income | $40,300 |