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Southwest Amarillo, Amarillo, TX—79108

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$205,000
2.5% YoY Growth
Household Income
$63,400
20.8% YoY Growth
Days on Market
50
14.0% Longer YoY
Home Price Forecast
1.0%
Median Rent
$1,150
3.1% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
$900
20.0% YoY Growth
3-Bed Rent
$1,400
19.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Southwest Amarillo, Amarillo, TX

As of May '26, the median home price in Southwest Amarillo, Amarillo, TX is $205,000, with a year-over-year change of 2.5%. This indicates that home prices in Southwest Amarillo, Amarillo, TX are increasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$205,0002.5%
Single Family $205,0002.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $123,000
    3.4%
    2 Bed
    		$144,0002.1%
    3 Bed
    		$217,0002.8%
    4 Bed
    		$271,0002.7%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    0.2%
    1 Bedroom
    4.1%
    2 Bedrooms
    25.1%
    3 Bedrooms
    54.7%
    4 Bedrooms
    14.4%
    5+ Bedrooms
    1.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,150$1,240
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent $900$1,060
    3 Bed Rent $1,400$1,300
    4 Bed Rent $1,800$1,800
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    % of Rental Stock

    1 Bedroom
    15.7%
    2 Bedrooms
    32.5%
    3 Bedrooms
    47.3%
    4 Bedrooms
    4.4%

    Property Listings — Southwest Amarillo, Amarillo, TX

    As of May '26, Realtor.com reports that the median days on market for a home in Southwest Amarillo, Amarillo, TX is 50. This is a increase of 14.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$235,00011.0%
    Listing Count
    		38-14.0%
    Listings as % of Homes0.7%-14.0%
    Days on Market
    		5014.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/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

    MetricZip Code Average
    Home Price to Income Ratio3
    Median Home Price$205,000
    Median Household Income$63,400

    Southwest Amarillo, Amarillo, TX — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Plemons, Amarillo, TX

    79107

    Downtown Amarillo, Amarillo, TX

    79101

    Amarillo Heights, Amarillo, TX

    79104

    South Amarillo, Amarillo, TX

    79102

    East Amarillo, Amarillo, TX

    79103

    Frequently Asked Questions