Real Estate Investing in Amarillo, Texas (79107)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79107 (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 balanced market — moderate cash flow and moderate appreciation. A "steady" investor profile fits best.
- High vacancy: 14.7% of homes vacant — above national norms.
- Elevated poverty: 25.0% poverty rate — can affect rent collection.
- Lower household income: $38,047 median — tenant affordability is tighter.
What’s happening in Amarillo, TX (79107)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 79107 Amarillo
Investors eyeing 79107 need to respect the fundamentals at play. Home values of $115K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $115K asset, 79107 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 79107 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A significant renter share of 40% in 79107 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 79107 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Amarillo:
Property Strategy for 79107
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $57,979 | $870 | 10.8% | +6.5% | $57,979 |
| 2BR | $81,366 | $1,060 | 9.4% | +8.8% | $40,683 |
| 3BR | $117,532 | $1,440 | 8.8% | +8.4% | $39,177 |
| 4BR | $138,442 | $1,670 | 8.7% | +8.0% | $34,611 |
| 5BR | $148,219 | — | — | +8.2% | $29,644 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79107 Compare?
| Metric | 79107 | Amarillo | Amarillo, TX | Texas |
|---|---|---|---|---|
| Home Value | $115,036 | $140,122 | N/A | $297,000 |
| 5-Year CAGR | 7.4% | 5.5% | N/A | 5.4% |
| Avg Rent | $1,001 | $1,170 | N/A | - |
| Cap Rate | 6.8% | 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 79107 (Amarillo, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $115,036 |
| Monthly Rent | $1,001 |
| Price-to-Rent | 9.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.4% |
| Cap Rate | 6.8% |
| 5-Year IRR | 14.2% |
📈 Home Appreciation
| 1-Year | +11.4% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +7.4% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | -7.5% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.8%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79107
Population: 36,425
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 79107
Schools in This ZIP Code
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
What type of investing works in Amarillo, TX?
In Amarillo, TX the impressive play is typically careful cash-flow rentals with hands-on management. The combination of $115K prices and $1,001/mo rents suits that approach.
Where do rents currently stand in Amarillo, TX?
Expect rents around $1,001/mo per month in Amarillo, TX. With home values at $115K, the yield math works out to reasonable levels for rental investors.
Is rental property easy to operate 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 are vacancy rates like in Amarillo, TX?
Vacancy risk in Amarillo, TX is elevated. That supports reliable cash flow for typical rental holds.
Does house hacking work in Amarillo, TX?
For house hackers, Amarillo, TX is a challenging. The $1,001/mo rent on a unit helps defray the mortgage on a $115K property.
You know 79107 now. You don’t know where it ranks.
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How 79107 ranks in Amarillo, TX
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