The housing market in Amarillo, TX (zip code 79118) is doing well compared to the rest of the US. The median value of a home in this area is $231,400, and has seen an appreciation rate of 9.34% over the past year, compared to 8.27% nationally. These figures show that housing values have been growing steadily in this area and it could be a great time for potential homeowners or investors to take advantage of the relatively low prices in comparison to other areas across the country.
The median home cost in Amarillo (zip 79118) is $231,400. Home appreciation the last 10 years has been 65.7%. Home Appreciation in Amarillo (zip 79118) is up 14.3%.
Average Age of Homes
- The median age of Amarillo (zip 79118) real estate is 17 years old
The Rental Market in Amarillo (zip 79118)
- Renters make up 17.9% of the Amarillo (zip 79118) population
- 1.3% of houses and apartments in Amarillo (zip 79118), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.