Amarillo, TX Housing Market
AI-powered market intelligence for the Amarillo, TX metro area.
PropertyIQ Scores
Amarillo, TX Market Analysis
Market Overview
Amarillo, TX posts a PropertyIQ Score of 71 out of 100, placing it in moderately strong territory. The score is driven by home value momentum of 6.52% over 12 months and 0.53% over 3 months, median days on market of 49 days, and a 19.7% share of listings with a price cut. These point to an active but not overheated market: homes sell at a moderate pace, and roughly one in five listings has had a price reduction, indicating some negotiation room without broad distress.
Compared with state averages, Amarillo is more affordable. The median home value is $221,566, well below the Texas state average of $299,367, and the rent index is $1,324, below the state average of $1,403. Unemployment is 3.1%, much lower than the state average of 4.5%. Median household income is $69,611, below the state average of $78,476. The local home value-to-income gap is narrower than the state-level gap, suggesting housing costs are more aligned with local earning power. Population growth data is not available.
Key Trends
First, home value momentum is positive but moderating. The 12-month momentum of 6.52% shows meaningful annual appreciation, while the 3-month momentum of 0.53% indicates a slower recent pace. The provided year-over-year home value change is $3, essentially flat in dollar terms and contrasting with the percentage-based momentum indicators. The 12-month momentum is the stronger signal of appreciation over the past year.
Second, affordability stands out. With a median home value of $221,566 and median household income of $69,611, the home value-to-income ratio is about 3.2, compared with roughly 3.8 for Texas using the state median home value of $299,367 and median household income of $78,476. The rent index of $1,324 is also below the state average of $1,403.
Third, inventory and selling conditions are balanced. There are 781 homes for sale, and median days on market is 49 days. That pace is neither very fast nor very slow. The 19.7% share of listings with a price cut indicates sellers are adjusting expectations in some cases, giving buyers moderate leverage.
Fourth, labor market strength supports demand. Amarillo’s unemployment rate of 3.1% is well below the state average of 4.5%. Population growth data is unavailable, so the extent of new resident demand remains unclear.
Who Is This Market For
Amarillo’s profile likely suits first-time buyers and middle-income households. The median home value of $221,566 is significantly below the state average of $299,367, and the local price-to-income ratio is more favorable than the state-level comparison. With median household income of $69,611 and unemployment at 3.1%, workers with stable local employment may find entry-level and mid-range homes within reach.
The market may also appeal to buy-and-hold investors. The rent index of $1,324 is close to the state average of $1,403, while the median home value is much lower, which can support stronger gross rent yields than higher-priced Texas markets. The 49-day median days on market and 19.7% price-cut share also offer investors some negotiating room.
Move-up buyers may find opportunity as well. With 781 homes for sale and about one in five listings reducing price, buyers can be selective. The 12-month appreciation of 6.52% suggests some equity building for existing homeowners, while the slower 3-month momentum of 0.53% means move-up buyers are not facing an overheated environment.
Outlook
The data points to a stable, moderately positive outlook. The 12-month home value momentum of 6.52% indicates underlying appreciation, but the 3-month momentum of 0.53% suggests price growth has cooled recently. A median days-on-market figure of 49 days and a 19.7% share of listings with price cuts point to a balanced market where sellers may need to price competitively. Inventory of 781 homes for sale offers moderate choice. The 3.1% unemployment rate is a meaningful strength relative to the state average of 4.5% and should support housing demand. However, the absence of population growth data limits the ability to project demand from new residents. Overall, the numbers support continued but modest activity, with the near-term pace likely shaped by whether the slower 3-month momentum persists or the stronger 12-month trend resumes.
AI-generated analysis based on current market data. Last updated October 2, 2026.
Get Amarillo, TX market updates
Choose your role for tailored insights.
Amarillo, TX market data
Amarillo, TX Housing Market Overview
Amarillo, TX's median home value is $222K, up 6.5% over the past year. Homes here sell in a median 49 days. Its PropertyIQ Score of 71 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Whether you're considering buying a home, investing in rental property, or weighing entry timing in the Amarillo, TX area, the PropertyIQ Score gives you a single, data-first read on relative market strength. It is validated against actual market outcomes from 2001 to 2023, with a positive score-to-return relationship in every validated year across TX and every other US state.
South Central housing markets are propelled by energy sector economics, corporate relocations, and rapid population growth. Texas metros in particular have seen explosive expansion, though affordability pressures are emerging in the fastest-growing areas. Within the South Central, Amarillo, TX's PropertyIQ Score of 71 ranks among the South Central's stronger demand signals.
Texas continues to be one of America's top relocation destinations, with no state income tax and a business-friendly regulatory environment driving corporate headquarters relocations and population growth.
For the Amarillo, TX market, PropertyIQ calculates a single score each month from four inputs: twelve-month Zillow home-value momentum, three-month Zillow home-value momentum, median days on market from Realtor.com, and the Realtor.com price-reduced share. The score is computed nationally across all metros and calibrated so 50 equals the state average. Across the validation history, metro markets in the top score band have outperformed their state by roughly 1.7 percentage points more per year than bottom-band markets. Momentum here has been positive, with home values up 6.5% over the past year.
View Amarillo, TX's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Amarillo, TX metro area
ZIP codes in the Amarillo, TX metro area
View all 20 →Top markets in TX
Market data through August 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Amarillo, TX a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Amarillo, TX currently scores 71, a rising-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $222K, up 6.5% over the past year. So whether Amarillo, TX is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Amarillo, TX?
Amarillo, TX's PropertyIQ Score is 71, indicating rising momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 71 places Amarillo, TX above its state benchmark.
Are home prices in Amarillo, TX rising or falling?
Home prices in Amarillo, TX are rising. Over the past year, the median home value increased 6.5%, reaching $222K. Over the latest three months, values moved up 0.5%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Amarillo, TX's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Amarillo, TX?
In Amarillo, TX, homes sell in a median of 49 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 20% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Amarillo, TX market data is refreshed on a monthly cycle, with the latest figures current through August 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.