Amarillo, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Amarillo Neighborhoods Since 2000




Amarillo, TX Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Amarillo Housing Market Information

With 198,645 people, 74,769 houses or apartments, and a median cost of homes of $110,830, house prices in Amarillo are solidly below the national average.

Single-family detached homes are the single most common housing type in Amarillo, accounting for 71.73% of the city's housing units. Other types of housing that are prevalent in Amarillo include large apartment complexes or high rise apartments ( 16.02%), duplexes, homes converted to apartments or other small apartment buildings ( 5.02%), and a few mobile homes or trailers ( 4.33%).

The most prevalent building size and type in Amarillo are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.47% owning and 39.53% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Amarillo's housing was primarily built during this period, from the '40s through the '60s. A full 41.88% of the city's housing hails from this era. Other housing ages represented in Amarillo include homes built between 1970-1999 ( 36.70%) and housing constructed between 2000 and later ( 14.15%). There's also some housing in Amarillo built before 1939 ( 7.28%).

Amarillo Home Appreciation Rates

In the last 10 years, Amarillo has experienced some of the highest home appreciation rates of any community in the nation. Amarillo real estate appreciated 19.26% over the last ten years, which is an average annual home appreciation rate of 1.78%, putting Amarillo in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Amarillo definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Amarillo's appreciation rate, at 3.57%, has been at or slightly above the national average. In the latest quarter, Amarillo's appreciation rate has been -0.91%, which annualizes to a rate of -3.61%.

Notably, Amarillo's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Amarillo's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Amarillo differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Amarillo - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Amarillo real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$110,830

Amarillo, TX HOME PRICES

Value Range
> $1,113,000 0.3
$834,001 - $1,113,000 0.2
$556,001 - $834,000 0.9
$445,001 - $556,000 0.7
$334,001 - $445,000 2.5
$222,001 - $334,000 9.0
$111,001 - $222,000 38.3
$56,001 - $111,000 34.0
$0 - $56,000 14.1

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
70.8543302472753 55.4474708171206

Number Of Homes And Apartments:
74,769

Amarillo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
53.67% 2.52% 2 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$956 / per month

Homeownership Rate

Homeownership
Owners 60.47
Renters 39.53
Vacant 9.42

Housing Market Details

 

Age of Homes

AGE OF Amarillo HOMES
2000 or Newer 14.1
1970 - 1999 36.7
1940 - 1969 41.9
1939 or Older 7.3

Types of Homes

TYPE OF Amarillo HOMES
Single-Family 71.7
Townhomes 2.9
Small Apt. Buildings 5.0
Apt. Complexes 16.0
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Amarillo HOMES
No Bedroom 1.94
1 Bedroom 12.70
2 Bedrooms 25.63
3 Bedrooms 46.20
4 Bedrooms 11.91
5 or more bedrooms 1.63