Crestview Area, Amarillo, TX—79109
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Crestview Area, Amarillo, TX
As of Oct '25, the median home price in Crestview Area, Amarillo, TX is $227,000, with a year-over-year change of 0.4%. This indicates that home prices in Crestview Area, Amarillo, TX are flat. 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 | $227,000 | 0.4% |
| Single Family | $228,000 | 0.9% |
| Condos | $150,000 | 1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | 0.6% |
3 Bed | $225,000 | 0.4% |
4 Bed | $308,000 | 0.3% |
| 5 Bed | $413,000 | 0.0% |
% of Housing Stock
Rental Trends — Crestview Area, Amarillo, TX
As of July '25, Rentcast reports the average rent in Crestview Area, Amarillo, TX is $1,340, with a year-over-year rent change of -0.7%. Per bedroom, the median rent as of July '25 in Crestview Area, Amarillo, TX is studios: $631, 1-bedrooms: $781, 2-bedrooms: $1,060, 3-bedrooms: $1,820, 4-bedrooms: $2,150. The most common rental property sizes in Crestview Area, Amarillo, TX are 1-bedroom and 3-bedroom, accounting for 38.5% and 26.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,340 |
| Studio Rent | $625 | $631 |
| 1 Bed Rent | $745 | $781 |
| 2 Bed Rent | $995 | $1,060 |
| 3 Bed Rent | $1,750 | $1,820 |
| 4 Bed Rent | $2,200 | $2,150 |
% of Rental Stock
Property Listings — Crestview Area, Amarillo, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Crestview Area, Amarillo, TX is 57. This is a increase of 2.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $266,000 | 4.0% |
Listing Count | 204 | -7.0% |
| Listings as % of Homes | 0.5% | -7.0% |
Days on Market | 57 | 2.0% |
Demographics — Crestview Area, Amarillo, TX
As of the latest ACS Survey released in 2023, Crestview Area, Amarillo, TX has a population of 42,400, which has decreased by -4.4% over the past 5 years. Crestview Area, Amarillo, TX is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 32.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,400 | -4.4% |
% Under 18 | 22.7% | -4.2% |
% Seniors | 18.7% | 13.3% |
% WFH | 6.9% | 176.0% |
% w/ College Degree | 32.9% | 7.2% |
As of the latest ACS Survey released in 2023, Crestview Area, Amarillo, TX is a predominantly white area, with 70.4% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Crestview Area, Amarillo, TX is hispanic, making up 18.6% of the population. Foreign-born residents account for 4.5% of the population in Crestview Area, Amarillo, TX, and this percentage has decreased by 16.7% 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 | 70.4% | -4.0% |
% Black | 5.2% | -3.7% |
% Hispanic | 18.6% | 8.1% |
% Asian | 0.8% | -52.9% |
% Foreign Born | 4.5% | -16.7% |
Mortgage and Risk — Crestview Area, Amarillo, TX
According to HUD data as of 2023, there were 563 mortgage originations in Crestview Area, Amarillo, TX, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Crestview Area, Amarillo, TX. Investor activity is low, as 4.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 563 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Crestview Area, Amarillo, TX
As of 2024, the percent of homes in Crestview Area, Amarillo, TX under the Section 8 program is 12.4%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Crestview Area, Amarillo, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 905 |
Total Units Section 8 | 905 |
% Rentals under Section 8 | 12.4% |
% Occupied Section 8 | 77.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $245 | $745 | $990 |
| 2 Bedroom | $205 | $995 | $1,200 |
| 3 Bedroom | -$100 | $1,750 | $1,650 |
| 4 Bedroom | -$290 | $2,200 | $1,910 |
Affordability — Crestview Area, Amarillo, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $227,000 |
| Median Household Income | $68,600 |