Real Estate Investing in Amarillo, Texas (79103)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79103 (Amarillo, TX)? Our answer, based on the numbers below.
Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Amarillo, TX (79103)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 79103 Amarillo
Not every below-median market is a bargain. Amarillo's 79103 ZIP stands at signals that favor experienced operators who can absorb the risk $160K pricing implies.
For an experienced owner, 79103 can be a a strong candidate for hunting ground — but the discount at $160K reflects genuine risk that outside investors often underestimate.
ZIP 79103's metrics run below Potter County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 79103 ZIP's population of 11,591 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that clocks in at the need for careful underwriting.
Strategy in 79103 is an operator game, not a passive one. Stepping back, entry prices of $160K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Amarillo:
Property Strategy for 79103
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $104,192 | $1,190 | 8.2% | +11.1% | $52,096 |
| 3BR | $153,697 | $1,620 | 7.6% | +7.3% | $51,232 |
| 4BR | $177,574 | $1,870 | 7.6% | +7.0% | $44,393 |
Market Trends
Home Value History (with trend line)
📊 How Does 79103 Compare?
| Metric | 79103 | Amarillo | Amarillo, TX | Texas |
|---|---|---|---|---|
| Home Value | $159,822 | $140,122 | N/A | $297,000 |
| 5-Year CAGR | 6.3% | 5.5% | N/A | 5.4% |
| Avg Rent | $1,071 | $1,170 | N/A | - |
| Cap Rate | 5.2% | 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 79103 (Amarillo, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 79103 (Amarillo, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $159,822 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 12.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (5.2%). 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 79103
Population: 11,591
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 79103
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
SUNRISE EL
BOWIE MIDDLE
HUMPHREY'S HIGHLAND EL
SANBORN EL
BIVINS 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
Is real estate in Amarillo, TX a good investment right now?
Amarillo, TX scores 3.0/5 for investability. Home values sit at $160K and rents near $1,071/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What do rentals go for in Amarillo, TX?
Average rent in Amarillo, TX is approximately $1,071/mo per month. Against $160K home values that yields a reasonable rent-to-price ratio.
How tight is the rental market in Amarillo, TX?
Vacancy risk in Amarillo, TX is elevated. That supports stable cash flow for typical rental holds.
Can I house hack in Amarillo, TX?
Amarillo, TX offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,071/mo rent level.
Is Amarillo, TX landlord-friendly?
TX law landlord-friendly for landlords, and Amarillo inherits those rules. Investors should still review local ordinances for rental licensing.
You know 79103 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 79103 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 79103 ranks in Amarillo, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 79103 (Amarillo)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 79103 (Amarillo, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.