Amarillo housing market
Typical home value
$220K
▲ 4.1% 1 yr
Typical rent
$1,309/mo
▲ 6.9% 1 yr
12-month forecast
+2.6%
#184 of 546 metros
Gross rent yield
7.2%
#109 of 546 · U.S. 6.3%
Days to pending
50 days
▼ −28 days 1 yr
Listings with a price cut
27%
▼ −0.1 pts 1 yr
Key takeaways
- 1The typical home is worth $219,579, up 4.1% in a year and up 24% over five years.
- 2Zillow forecasts home values rising 2.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,309/mo (+6.9% YoY), a 7.2% gross yield, above the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,207/mo in principal and interest, $102 less than renting.
- 5Homes go under contract in 50 days (−28 days vs last year); 27% of listings have had a price cut.
Market temperature
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 56/100, #72 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Amarillo compares
| Measure | Amarillo | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +4.1% | +1.2% | #114 |
| Home value, 5-yr change | +23.7% | +19.7% | |
| 12-month forecast | +2.6% | +1.1% | #184 |
| Rent, 1-yr change | +6.9% | +2.7% | #53 |
| Gross rent yield | 7.2% | 6.3% | #109 |
| Price-to-rent ratio | 14.0 | 15.8 | |
| Mortgage P&I on typical home | $1,207 | $2,012 | |
| Income needed to buy | $70,238 | $100,902 | |
| Days to pending | 50 | 56 |
Cities in the Amarillo metro
2 cities with home value and rent data.
Run the numbers
Rental property calculator
Cash flow on a typical Amarillo rental ($220K, $1,309/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Amarillo home.
Rent vs buy
Is it cheaper to rent or buy in Amarillo?
Renting out a property in Texas? See deposit limits, late fee rules and notice periods.
Other Texas metros
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Corpus Christi, TX
$222K home$1,425 rent7.7% yield
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Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.