Real Estate Investing in Amarillo, Texas (79108)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79108 (Amarillo, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.1% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Amarillo, TX (79108)?
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Market Analysis: 79108 Amarillo
The 79108 ZIP in Amarillo, TX is a local-operator market. Outside capital chasing a $206K entry has to pair deep knowledge with the discount.
The investment case in 79108 is significant only for operators who understand what they are buying. A $206K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 79108'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.
Employment concentration in 79108 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 79108 is an operator game, not a passive one. In practical terms, entry prices of $206K 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 79108
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $111,415 | $950 | 6.1% | +1.7% | $111,415 |
| 2BR | $136,891 | $1,160 | 6.1% | +6.3% | $68,445 |
| 3BR | $208,286 | $1,580 | 5.5% | +7.2% | $69,429 |
| 4BR | $261,129 | $1,830 | 5.0% | +7.1% | $65,282 |
Market Trends
Home Value History (with trend line)
📊 How Does 79108 Compare?
| Metric | 79108 | Amarillo | Amarillo, TX | Texas |
|---|---|---|---|---|
| Home Value | $205,786 | $140,122 | N/A | $297,000 |
| 5-Year CAGR | 5.4% | 5.5% | N/A | 5.4% |
| Avg Rent | $1,044 | $1,170 | N/A | - |
| Cap Rate | 4.0% | 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 79108 (Amarillo, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $205,786 |
| Monthly Rent | $1,044 |
| Price-to-Rent | 16.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.1% |
| Cap Rate | 4.0% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (4.0%). 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 79108
Population: 10,979
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 79108
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
How do experienced investors play Amarillo, TX?
In Amarillo, TX the durable play is typically careful cash-flow rentals with hands-on management. The combination of $206K prices and $1,044/mo rents suits that approach.
How much should I expect to pay for a home in Amarillo, TX?
Median home price in Amarillo, TX is near $206K, with a 5-year CAGR of 0.0%. Prices have been stable and supportive of buy-and-hold strategies.
What is the average monthly rent in Amarillo, TX?
Rental rates in Amarillo, TX average $1,044/mo. Tenant demand and $206K home values make the yield look reasonable by investor standards.
How qualified is the tenant pool in Amarillo, TX?
Tenant quality in Amarillo, TX ranks as solid. Landlords generally report measured occupancy at market rents of $1,044/mo.
Is real estate in Amarillo, TX a good investment right now?
Amarillo, TX reports an investability rating of 3.0/5, with median home values near $206K and average rents around $1,044/mo. That combination puts it in the solid tier for investor interest.
You know 79108 now. You don’t know where it ranks.
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How 79108 ranks in Amarillo, TX
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