South Amarillo, Amarillo, TX—79102
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Amarillo, Amarillo, TX
As of Oct '25, the median home price in South Amarillo, Amarillo, TX is $149,000, with a year-over-year change of 0.8%. This indicates that home prices in South Amarillo, Amarillo, TX are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $149,000 | 0.8% |
| Single Family | $149,000 | 0.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $114,000 | -1.7% |
3 Bed | $169,000 | 1.2% |
4 Bed | $226,000 | -0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — South Amarillo, Amarillo, TX
As of July '25, Rentcast reports the average rent in South Amarillo, Amarillo, TX is $1,130, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in South Amarillo, Amarillo, TX is 1-bedrooms: $738, 2-bedrooms: $999, 3-bedrooms: $1,460, 4-bedrooms: $1,550. The most common rental property sizes in South Amarillo, Amarillo, TX are 1-bedroom and 2-bedroom, accounting for 39.7% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $745 | $738 |
| 2 Bed Rent | $895 | $999 |
| 3 Bed Rent | $1,400 | $1,460 |
| 4 Bed Rent | $1,550 | $1,550 |
% of Rental Stock
Property Listings — South Amarillo, Amarillo, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in South Amarillo, Amarillo, TX is 55. This is a increase of 4.0% 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 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | 19.0% |
Listing Count | 46 | 6.0% |
| Listings as % of Homes | 0.4% | 6.0% |
Days on Market | 55 | 4.0% |
Demographics — South Amarillo, Amarillo, TX
As of the latest ACS Survey released in 2023, South Amarillo, Amarillo, TX has a population of 8,820, which has decreased by -15.1% over the past 5 years. South Amarillo, Amarillo, TX is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 20.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,820 | -15.1% |
% Under 18 | 24.1% | -18.6% |
% Seniors | 16.3% | 61.4% |
% WFH | 4.1% | 41.4% |
% w/ College Degree | 20.0% | 10.5% |
As of the latest ACS Survey released in 2023, South Amarillo, Amarillo, TX is a predominantly white area, with 50.3% of the population identifying as white. The white population has grown by 6.8% in the last 5 years. The second most common race or ethnicity in South Amarillo, Amarillo, TX is hispanic, making up 40.1% of the population. Foreign-born residents account for 9.6% of the population in South Amarillo, Amarillo, TX, and this percentage has decreased by 43.9% 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 | 50.3% | 6.8% |
% Black | 3.3% | -48.4% |
% Hispanic | 40.1% | 13.3% |
% Asian | 4.2% | -52.3% |
% Foreign Born | 9.6% | -43.9% |
Mortgage and Risk — South Amarillo, Amarillo, TX
According to HUD data as of 2023, there were 123 mortgage originations in South Amarillo, Amarillo, TX, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in South Amarillo, Amarillo, TX. Investor activity is low, as 9.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 123 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 9.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — South Amarillo, Amarillo, TX
As of 2024, the percent of homes in South Amarillo, Amarillo, TX under the Section 8 program is 13.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In South Amarillo, Amarillo, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 241 |
Total Units Section 8 | 241 |
% Rentals under Section 8 | 13.4% |
% Occupied Section 8 | 73.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $145 | $745 | $890 |
| 2 Bedroom | $185 | $895 | $1,080 |
| 3 Bedroom | $80 | $1,400 | $1,480 |
| 4 Bedroom | $170 | $1,550 | $1,720 |
Affordability — South Amarillo, Amarillo, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $149,000 |
| Median Household Income | $48,600 |