Real Estate Investing in Amarillo, Texas (79101)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79101 (Amarillo, TX)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.3% of homes vacant — above national norms.
- Elevated poverty: 20.4% poverty rate — can affect rent collection.
- Lower household income: $38,291 median — tenant affordability is tighter.
What’s happening in Amarillo, TX (79101)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 79101 Amarillo
Investors eyeing 79101 need to respect the fundamentals at play. Home values of $113K come alongside slower price movement and elevated management overhead.
The investment case in 79101 is sturdy only for operators who understand what they are buying. A $113K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader TX picture, 79101 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A sturdy renter share of 90% in 79101 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 79101 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Amarillo:
Property Strategy for 79101
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $91,404 | $1,050 | 8.3% | +5.8% | $45,702 |
| 3BR | $114,352 | $1,440 | 9.1% | +5.9% | $38,117 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79101 Compare?
| Metric | 79101 | Amarillo | Amarillo, TX | Texas |
|---|---|---|---|---|
| Home Value | $113,002 | $140,122 | N/A | $297,000 |
| 5-Year CAGR | 5.4% | 5.5% | N/A | 5.4% |
| Avg Rent | $798 | $1,170 | N/A | - |
| Cap Rate | 5.5% | 4.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79101 (Amarillo, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 79101 (Amarillo, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $113,002 |
| Monthly Rent | $798 |
| Price-to-Rent | 11.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.5% |
| Cap Rate | 5.5% |
| 5-Year IRR | 10.9% |
📈 Home Appreciation
| 1-Year | +7.0% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79101
Population: 2,458
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 79101
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
HOUSTON MIDDLE
SUNRISE EL
AVONDALE EL
BOWIE MIDDLE
HUMPHREY'S HIGHLAND EL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,713 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Should investors consider Amarillo, TX?
The 3.0/5 investability rating in Amarillo, TX reflects its $113K prices and $798/mo rents. Investors generally consider it a solid option within TX.
How do landlord-tenant laws work in Amarillo, TX?
TX ranks as a landlord-friendly state for landlord-tenant law. Amarillo generally follows the statewide framework, so landlords face reasonable operating rules.
What kind of vacancy should I budget for in Amarillo, TX?
Amarillo, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Does a duplex house hack pencil in Amarillo, TX?
For house hackers, Amarillo, TX is a challenging. The $798/mo rent on a unit helps defray the mortgage on a $113K property.
What strategy should investors use in Amarillo, TX?
Investors usually favor careful cash-flow rentals with hands-on management in Amarillo, TX. With home values at $113K and rents near $798/mo, other strategies can work but produce measured rather than outsized returns.
You know 79101 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 79101 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 79101 ranks in Amarillo, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 79101 (Amarillo)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 79101 (Amarillo, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.