Southwest Amarillo, Amarillo, TX—79108
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southwest Amarillo, Amarillo, TX
As of Oct '25, the median home price in Southwest Amarillo, Amarillo, TX is $194,000, with a year-over-year change of 1.5%. This indicates that home prices in Southwest Amarillo, Amarillo, TX are increasing. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $194,000 | 1.5% |
| Single Family | $194,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $111,000 | -4.3% |
2 Bed | $137,000 | 1.5% |
3 Bed | $208,000 | 2.5% |
4 Bed | $261,000 | 2.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Southwest Amarillo, Amarillo, TX
As of July '25, Rentcast reports the average rent in Southwest Amarillo, Amarillo, TX is $1,240, with a year-over-year rent change of -3.1%. Per bedroom, the median rent as of July '25 in Southwest Amarillo, Amarillo, TX is 2-bedrooms: $1,060, 3-bedrooms: $1,300, 4-bedrooms: $1,800. The most common rental property sizes in Southwest Amarillo, Amarillo, TX are 3-bedroom and 2-bedroom, accounting for 47.3% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,240 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $900 | $1,060 |
| 3 Bed Rent | $1,400 | $1,300 |
| 4 Bed Rent | $1,800 | $1,800 |
% of Rental Stock
Property Listings — Southwest Amarillo, Amarillo, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Southwest Amarillo, Amarillo, TX is 73. 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $211,000 | -13.0% |
Listing Count | 39 | 1.0% |
| Listings as % of Homes | 0.7% | 1.0% |
Days on Market | 73 | 15.0% |
Demographics — Southwest Amarillo, Amarillo, TX
As of the latest ACS Survey released in 2023, Southwest Amarillo, Amarillo, TX has a population of 11,000, which has decreased by -31.7% over the past 5 years. Southwest Amarillo, Amarillo, TX is a moderately popular place for families, as children make up 24.9% of the population. The area has a poorly educated workforce, with 13.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,000 | -31.7% |
% Under 18 | 24.9% | 58.6% |
% Seniors | 18.5% | 52.9% |
% WFH | 8.3% | 144.1% |
% w/ College Degree | 13.9% | 35.0% |
As of the latest ACS Survey released in 2023, Southwest Amarillo, Amarillo, TX is a predominantly white area, with 65.5% of the population identifying as white. The white population has grown by 12.3% in the last 5 years. The second most common race or ethnicity in Southwest Amarillo, Amarillo, TX is hispanic, making up 23.0% of the population. Foreign-born residents account for 8.1% of the population in Southwest Amarillo, Amarillo, TX, and this percentage has increased by 12.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 65.5% | 12.3% |
% Black | 2.2% | -85.3% |
% Hispanic | 23.0% | -5.3% |
% Asian | 3.1% | 287.5% |
% Foreign Born | 8.1% | 12.5% |
Mortgage and Risk — Southwest Amarillo, Amarillo, TX
According to HUD data as of 2023, there were 171 mortgage originations in Southwest Amarillo, Amarillo, TX, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 48.0% above 90% LTV (very high). This implies large mortgage risk in Southwest Amarillo, Amarillo, TX. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 171 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Southwest Amarillo, Amarillo, TX
Southwest Amarillo, Amarillo, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 93 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,030 |
| 2 Bedroom | $350 | $900 | $1,250 |
| 3 Bedroom | $320 | $1,400 | $1,720 |
| 4 Bedroom | $190 | $1,800 | $1,990 |
Affordability — Southwest Amarillo, Amarillo, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $194,000 |
| Median Household Income | $63,400 |