Plemons, Amarillo, TX—79107
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Plemons, Amarillo, TX
As of Oct '25, the median home price in Plemons, Amarillo, TX is $103,000, with a year-over-year change of -0.9%. This indicates that home prices in Plemons, Amarillo, TX are flat. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $103,000 | -0.9% |
| Single Family | $103,000 | -1.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $58,000 | -4.9% |
2 Bed | $81,000 | -3.6% |
3 Bed | $118,000 | 0.9% |
4 Bed | $138,000 | 1.5% |
| 5 Bed | $148,000 | 3.5% |
% of Housing Stock
Rental Trends — Plemons, Amarillo, TX
As of July '25, Rentcast reports the average rent in Plemons, Amarillo, TX is $978, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in Plemons, Amarillo, TX is 1-bedrooms: $720, 2-bedrooms: $839, 3-bedrooms: $1,200, 4-bedrooms: $1,100. The most common rental property sizes in Plemons, Amarillo, TX are 3-bedroom and 2-bedroom, accounting for 43.9% and 31.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $970 | $978 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $700 | $720 |
| 2 Bed Rent | $850 | $839 |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | $1,100 | $1,100 |
% of Rental Stock
Property Listings — Plemons, Amarillo, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Plemons, Amarillo, TX is 48. This is a increase of 9.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $137,000 | 9.0% |
Listing Count | 68 | -5.0% |
| Listings as % of Homes | 0.3% | -5.0% |
Days on Market | 48 | 9.0% |
Demographics — Plemons, Amarillo, TX
As of the latest ACS Survey released in 2023, Plemons, Amarillo, TX has a population of 36,400, which has increased by 4.5% over the past 5 years. Plemons, Amarillo, TX is a popular place for families, as children make up 27.7% of the population. The area has a poorly educated workforce, with 6.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,400 | 4.5% |
% Under 18 | 27.7% | -17.1% |
% Seniors | 9.0% | 8.4% |
% WFH | 3.2% | 300.0% |
% w/ College Degree | 6.0% | -9.1% |
As of the latest ACS Survey released in 2023, Plemons, Amarillo, TX is a predominantly hispanic area, with 45.1% of the population identifying as hispanic. The hispanic population has shrunk by 17.2% in the last 5 years. The second most common race or ethnicity in Plemons, Amarillo, TX is black, making up 25.8% of the population. Foreign-born residents account for 26.6% of the population in Plemons, Amarillo, TX, and this percentage has decreased by 6.7% 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 | 16.2% | 1.9% |
% Black | 25.8% | 64.3% |
% Hispanic | 45.1% | -17.2% |
% Asian | 10.5% | -11.0% |
% Foreign Born | 26.6% | -6.7% |
Mortgage and Risk — Plemons, Amarillo, TX
According to HUD data as of 2023, there were 226 mortgage originations in Plemons, Amarillo, TX, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 45.0% above 90% LTV (very high). This implies large mortgage risk in Plemons, Amarillo, TX. Investor activity is low, as 8.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 226 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 8.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Plemons, Amarillo, TX
As of 2024, the percent of homes in Plemons, Amarillo, TX under the Section 8 program is 19.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Plemons, 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 | 865 |
Total Units Section 8 | 865 |
% Rentals under Section 8 | 19.2% |
% Occupied Section 8 | 68.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $700 | $900 |
| 2 Bedroom | $240 | $850 | $1,090 |
| 3 Bedroom | $300 | $1,200 | $1,500 |
| 4 Bedroom | $640 | $1,100 | $1,740 |
Affordability — Plemons, Amarillo, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $103,000 |
| Median Household Income | $39,500 |