Real Estate Investing in Amarillo, Texas (79109)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79109 (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.
- Elevated vacancy: 10.5% vacancy may signal weakening demand.
What’s happening in Amarillo, TX (79109)?
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Market Analysis: 79109 Amarillo
Looking more closely, ZIP 79109 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $239K median. It rewards specialists, not generalists.
The 79109 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 79109 sits on the difficult end of the TX spectrum. The a viable market for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 79109 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
appears to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Amarillo:
Property Strategy for 79109
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $154,653 | $1,170 | 5.4% | +6.2% | $77,326 |
| 3BR | $225,333 | $1,590 | 5.1% | +6.1% | $75,111 |
| 4BR | $308,107 | $1,840 | 4.3% | +5.5% | $77,027 |
| 5BR | $412,566 | — | — | +5.6% | $82,513 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79109 Compare?
| Metric | 79109 | Amarillo | Amarillo, TX | Texas |
|---|---|---|---|---|
| Home Value | $238,581 | $140,122 | N/A | $297,000 |
| 5-Year CAGR | 4.8% | 5.5% | N/A | 5.4% |
| Avg Rent | $1,099 | $1,170 | N/A | - |
| Cap Rate | 3.6% | 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 79109 (Amarillo, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $238,581 |
| Monthly Rent | $1,099 |
| Price-to-Rent | 18.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +4.8% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | -15.4% ▼ |
| 3-Year CAGR | -4.6% ▼ |
| 5-Year CAGR | -0.4% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). 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 79109
Population: 42,410
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 79109
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 4,162 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Amarillo, TX stack up for property investment?
With a 3.0/5 investability score, Amarillo, TX ranks as a solid market for rental property investors. Median prices of $239K and rents of $1,099/mo drive the underlying numbers.
How much should I expect to pay for a home in Amarillo, TX?
Amarillo, TX median home values land near $239K. That is reasonable territory for investors looking at $1,099/mo-per-month rentals.
How much do tenants pay in Amarillo, TX?
The typical rental in Amarillo, TX commands about $1,099/mo monthly. That rent profile consistent cash flow against the $239K purchase basis.
How do landlord-tenant laws work in Amarillo, TX?
The landlord environment in Amarillo, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
Is vacancy a concern in Amarillo, TX?
Occupancy in Amarillo, TX runs measured with elevated vacancy. Well-priced units at $1,099/mo lease on reasonable timelines.
You know 79109 now. You don’t know where it ranks.
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How 79109 ranks in Amarillo, TX
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