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  5. /Downtown Amarillo, Amarillo, TX - 79101

Downtown Amarillo, Amarillo, TX—79101

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$113,000
0.9% YoY Growth
Household Income
$40,300
52.3% YoY Growth
Days on Market
145
149.0% Longer YoY
Home Price Forecast
1.8%
Median Rent
$745
17.6% YoY Growth
1-Bed Rent
$745
39.6% YoY Growth
2-Bed Rent
$825
6.4% YoY Growth
3-Bed Rent
$900
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Downtown Amarillo, Amarillo, TX

As of May '26, the median home price in Downtown Amarillo, Amarillo, TX is $113,000, with a year-over-year change of -0.9%. This indicates that home prices in Downtown Amarillo, Amarillo, TX are flat. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$113,000-0.9%
Single Family $113,0000.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$99,0000.0%
    3 Bed
    		$125,0002.5%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    9.2%
    1 Bedroom
    36.9%
    2 Bedrooms
    31.9%
    3 Bedrooms
    16.8%
    4 Bedrooms
    2.3%
    5+ Bedrooms
    2.9%

    Rental Trends — Downtown Amarillo, Amarillo, TX

    As of July '25, Rentcast reports the average rent in Downtown Amarillo, Amarillo, TX is $927, with a year-over-year rent change of 17.6%. Per bedroom, the median rent as of July '25 in Downtown Amarillo, Amarillo, TX is studios: $550, 1-bedrooms: $949, 2-bedrooms: $1,170, 3-bedrooms: $900. The most common rental property sizes in Downtown Amarillo, Amarillo, TX are 1-bedroom and 2-bedroom, accounting for 42.5% and 32.1% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$745$927
    Studio Rent $550$550
    1 Bed Rent $745$949
    2 Bed Rent $825$1,170
    3 Bed Rent $900$900
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    7.4%
    1 Bedroom
    42.5%
    2 Bedrooms
    32.1%
    3 Bedrooms
    17.0%
    4 Bedrooms
    1.0%

    Property Listings — Downtown Amarillo, Amarillo, TX

    As of May '26, Realtor.com reports that the median days on market for a home in Downtown Amarillo, Amarillo, TX is 145. This is a increase of 149.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$125,000-18.0%
    Listing Count
    		57.0%
    Listings as % of Homes0.3%7.0%
    Days on Market
    		145149.0%
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    Demographics — Downtown Amarillo, Amarillo, TX

    As of the latest ACS Survey released in 2023, Downtown Amarillo, Amarillo, TX has a population of 2,460, which has increased by 15.2% over the past 5 years. Downtown Amarillo, Amarillo, TX is a less popular place for families, as children make up 12.2% of the population. The area has a poorly educated workforce, with 14.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.6% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		2,46015.2%
    % Under 18
    		12.2%-6.9%
    % Seniors
    		30.0%-16.7%
    % WFH
    		2.6%∞%
    % w/ College Degree
    		14.9%-33.8%
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    As of the latest ACS Survey released in 2023, Downtown Amarillo, Amarillo, TX is a predominantly white area, with 63.9% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Downtown Amarillo, Amarillo, TX is hispanic, making up 24.2% of the population. Foreign-born residents account for 3.9% of the population in Downtown Amarillo, Amarillo, TX, and this percentage has decreased by 42.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		63.9%-10.9%
    % Black
    		4.5%-46.4%
    % Hispanic
    		24.2%79.3%
    % Asian
    		1.9%∞%
    % Foreign Born
    		3.9%-42.6%
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    Mortgage and Risk — Downtown Amarillo, Amarillo, TX

    According to HUD data as of 2023, there were 8 mortgage originations in Downtown Amarillo, Amarillo, TX, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Downtown Amarillo, Amarillo, TX. Investor activity is high, as 50.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		8
    % Conventional Loans
    		75.0%
    % Government Loans
    		25.0%
    % Investor Loans
    		50.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		12.0%
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    Rentals and Section 8 — Downtown Amarillo, Amarillo, TX

    Downtown Amarillo, Amarillo, TX lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		112
    Total Units Section 8
    		112
    % Rentals under Section 8
    		10.2%
    % Occupied Section 8
    		69.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$85$745$830
    2 Bedroom$185$825$1,010
    3 Bedroom$490$900$1,390
    4 BedroomN/AN/A$1,610

    Affordability — Downtown Amarillo, Amarillo, TX

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.7
    Median Home Price$113,000
    Median Household Income$40,300

    Downtown Amarillo, Amarillo, TX — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    79102

    East Amarillo, Amarillo, TX

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    Southeast Amarillo, Amarillo, TX

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    Frequently Asked Questions