Northwest Amarillo Ext., Amarillo, TX—79119
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northwest Amarillo Ext., Amarillo, TX
As of Oct '25, the median home price in Northwest Amarillo Ext., Amarillo, TX is $374,000, with a year-over-year change of 0.2%. This indicates that home prices in Northwest Amarillo Ext., 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 | $374,000 | 0.2% |
| Single Family | $374,000 | 0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $239,000 | 0.4% |
3 Bed | $310,000 | -0.3% |
4 Bed | $459,000 | 1.5% |
| 5 Bed | $684,000 | 0.7% |
% of Housing Stock
Rental Trends — Northwest Amarillo Ext., Amarillo, TX
As of July '25, Rentcast reports the average rent in Northwest Amarillo Ext., Amarillo, TX is $2,220, with a year-over-year rent change of 3.7%. Per bedroom, the median rent as of July '25 in Northwest Amarillo Ext., Amarillo, TX is 1-bedrooms: $1,110, 2-bedrooms: $1,440, 3-bedrooms: $2,050, 4-bedrooms: $2,860. The most common rental property sizes in Northwest Amarillo Ext., Amarillo, TX are 2-bedroom and 1-bedroom, accounting for 41.8% and 28.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,220 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,080 | $1,110 |
| 2 Bed Rent | $1,500 | $1,440 |
| 3 Bed Rent | $1,950 | $2,050 |
| 4 Bed Rent | $2,950 | $2,860 |
% of Rental Stock
Property Listings — Northwest Amarillo Ext., Amarillo, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Northwest Amarillo Ext., Amarillo, TX is 59. This is a decrease of -14.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $500,000 | 3.0% |
Listing Count | 201 | -2.0% |
| Listings as % of Homes | 1.2% | -2.0% |
Days on Market | 59 | -14.0% |
Demographics — Northwest Amarillo Ext., Amarillo, TX
As of the latest ACS Survey released in 2023, Northwest Amarillo Ext., Amarillo, TX has a population of 23,200, which has increased by 41.5% over the past 5 years. Northwest Amarillo Ext., Amarillo, TX is a moderately popular place for families, as children make up 24.5% of the population. The area has a moderately educated workforce, with 43.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,200 | 41.5% |
% Under 18 | 24.5% | 3.8% |
% Seniors | 15.2% | 7.0% |
% WFH | 7.8% | 69.6% |
% w/ College Degree | 43.6% | -6.2% |
As of the latest ACS Survey released in 2023, Northwest Amarillo Ext., Amarillo, TX is a predominantly white area, with 74.5% of the population identifying as white. The white population has shrunk by 5.7% in the last 5 years. The second most common race or ethnicity in Northwest Amarillo Ext., Amarillo, TX is hispanic, making up 17.3% of the population. Foreign-born residents account for 6.2% of the population in Northwest Amarillo Ext., Amarillo, TX, and this percentage has increased by 34.8% 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 | 74.5% | -5.7% |
% Black | 1.9% | 171.4% |
% Hispanic | 17.3% | -0.6% |
% Asian | 3.9% | 85.7% |
% Foreign Born | 6.2% | 34.8% |
Mortgage and Risk — Northwest Amarillo Ext., Amarillo, TX
According to HUD data as of 2023, there were 579 mortgage originations in Northwest Amarillo Ext., Amarillo, TX, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Northwest Amarillo Ext., Amarillo, TX. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 579 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Northwest Amarillo Ext., Amarillo, TX
As of 2024, the percent of homes in Northwest Amarillo Ext., Amarillo, TX under the Section 8 program is 0.2%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Northwest Amarillo Ext., Amarillo, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,080 | $1,090 |
| 2 Bedroom | -$170 | $1,500 | $1,330 |
| 3 Bedroom | -$120 | $1,950 | $1,830 |
| 4 Bedroom | -$830 | $2,950 | $2,120 |
Affordability — Northwest Amarillo Ext., Amarillo, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $374,000 |
| Median Household Income | $101,000 |