There are currently 76,697 real estate properties in Amarillo, TX, with a median automated valuation model (AVM) price of $160,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Amarillo, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Amarillo, TX, is $187,250.00, with the most expensive house in Amarillo, TX, topping out at $7,310,500.00 and the cheapest home in Amarillo, TX, clocking in at $10,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Amarillo, TX!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Amarillo, TX, is on a rollercoaster ride. The average rent price in Amarillo, TX, is $1,236.00. Indeed, when looking to rent in Amarillo, TX, you can expect to pay as little as $470.00 or as much as $3,240.00, with the average rent median estimated to be $1,190.00. The good news is that finding an affordable and desirable property to rent in Amarillo, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Amarillo, TX area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Amarillo, TX and much more. Save thousands at closing with home foreclosure listings in Amarillo, TX — up to 75% off market value!
Amarillo is located in Potter, Texas, with an estimated municipal population of 199,371 residents. All of the best foreclosed homes for sale in Amarillo are located in the following zip code areas on Foreclosure.com: 79121 79109 79101 79102 79103 79104 79106 79107 79118 79111 79110 79114 79116 79117 79120 79166 79168 79172 79174 79178 79189. The estimated population per square kilometer (.62 miles) in Amarillo is 756.
So, about how much do homes cost in Amarillo? The most recent median value of resident-owned homes in Amarillo is 130,443. An estimated 60.5 percent of households in Amarillo own their homes, with an average family size of 3.24. The median household income in Amarillo is 52,725, with20.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Amarillo, the median commute time of resident workers (in minutes) is 18.2. And last, but certainly not least, are you looking for homes to rent in Amarillo? If so, the average rent price paid by renters in Amarillo is 850, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Amarillo, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Amarillo is 34.2, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Amarillo is 50.3, with an average family size of 3.24.
The percentage of residents who report their race in Amarillo is as follows:
|Black / African American||6.6%|
|American Indian / Alaskan Native||0.6%|
|Native Hawaiian / Other Pacifc Islander||0.3%|
Looking for family-friendly neighborhoods in and/or near Amarillo? Or maybe you are searching for 55+ active adult communities in and/or near Amarillo?
The percentage of residents who report their age in Amarillo is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Amarillo with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Amarillo.
How do you know that living in -- or moving to -- Amarillo is right where you need to be? Perhaps you grew up in Amarillo or already live nearby; therefore, the decision to buy a home in Amarillo is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Amarillo for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Amarillo:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Amarillo.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Amarillo can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Amarillo, meanwhile, can field multiple offers from more qualified buyers.