Real Estate Investing in Amarillo, Texas (79102)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79102 (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.
- Elevated vacancy: 10.5% vacancy may signal weakening demand.
What’s happening in Amarillo, TX (79102)?
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Market Analysis: 79102 Amarillo
ZIP 79102 in Amarillo, TX carries a notable set of headwinds. Home values near $160K and rents of $1,247/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 79102 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 79102 sits on the difficult end of the TX spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 79102 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
New investors are better served looking at Amarillo's stable or hybrid ZIPs before stepping into 79102. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Amarillo:
Property Strategy for 79102
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $113,768 | $1,050 | 6.6% | +6.0% | $56,884 |
| 3BR | $168,661 | $1,440 | 6.1% | +5.8% | $56,220 |
| 4BR | $225,985 | $1,670 | 5.3% | +5.4% | $56,496 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79102 Compare?
| Metric | 79102 | Amarillo | Amarillo, TX | Texas |
|---|---|---|---|---|
| Home Value | $160,447 | $140,122 | N/A | $297,000 |
| 5-Year CAGR | 5.1% | 5.5% | N/A | 5.4% |
| Avg Rent | $1,247 | $1,170 | N/A | - |
| Cap Rate | 6.1% | 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 79102 (Amarillo, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $160,447 |
| Monthly Rent | $1,247 |
| Price-to-Rent | 10.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.3% |
| Cap Rate | 6.1% |
| 5-Year IRR | 11.2% |
📈 Home Appreciation
| 1-Year | +7.3% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (6.1%). 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 79102
Population: 8,822
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 79102
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
HOUSTON MIDDLE
AVONDALE EL
OAK DALE EL
SAN JACINTO EL
BELMAR 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
How expensive is real estate in Amarillo, TX?
Homes in Amarillo, TX typically sell near $160K. Prices have moved at a 0.0% 5-year CAGR, which predictable long-term demand.
What monthly rent should investors expect in Amarillo, TX?
Amarillo, TX rentals go for roughly $1,247/mo a month. That puts gross yield in solid territory relative to $160K acquisition costs.
What type of investing works in Amarillo, TX?
Most investors in Amarillo, TX run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
How does Amarillo, TX rate as a rental market?
Our data puts Amarillo, TX at 3.0/5 for investability. Home prices of $160K and rents around $1,247/mo create a solid backdrop for investor activity.
Are tenants stable in Amarillo, TX?
Expect a solid tenant pool in Amarillo, TX. The rental market absorbs $1,247/mo rents without meaningful friction.
You know 79102 now. You don’t know where it ranks.
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How 79102 ranks in Amarillo, TX
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