Real Estate Investing in Amarillo, Texas (79119)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79119 (Amarillo, TX)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
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.
What’s happening in Amarillo, TX (79119)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 79119 Amarillo
This part of Randall County is not an easy win. The 79119 ZIP sits at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,595/mo on a $388K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 79119 sits below the stated 0.0% once reality is priced in.
In practical terms, 79119 offers a low basis, the region around Amarillo has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Resident income in 79119 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 79119. 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 79119
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $238,956 | $1,270 | 3.8% | +5.6% | $119,478 |
| 3BR | $310,244 | $1,730 | 4.0% | +5.8% | $103,415 |
| 4BR | $458,621 | $2,000 | 3.1% | +6.1% | $114,655 |
| 5BR | $684,422 | — | — | +5.3% | $136,884 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79119 Compare?
| Metric | 79119 | Amarillo | Amarillo, TX | Texas |
|---|---|---|---|---|
| Home Value | $388,408 | $140,122 | N/A | $297,000 |
| 5-Year CAGR | 4.4% | 5.5% | N/A | 5.4% |
| Avg Rent | $1,595 | $1,170 | N/A | - |
| Cap Rate | 3.2% | 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 79119 (Amarillo, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $388,408 |
| Monthly Rent | $1,595 |
| Price-to-Rent | 20.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.9% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +1.7% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 Rent Trends
| 1-Year | -5.5% ▼ |
| 3-Year CAGR | +1.3% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.2%). 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 79119
Population: 23,202
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 79119
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 high is vacancy risk in Amarillo, TX?
Vacancy risk in Amarillo, TX is elevated. That supports reliable cash flow for typical rental holds.
How much is rent in Amarillo, TX?
Rents in Amarillo, TX run near $1,595/mo. Compared with median home prices of $388K that produces solid gross yields for typical rentals.
What is the smart move for investors 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.
Is TX a landlord-friendly state?
The landlord environment in Amarillo, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How do home values compare in Amarillo, TX?
In Amarillo, TX the median home value sits at $388K. Against the broader TX market, that reads as reasonable for most investors.
You know 79119 now. You don’t know where it ranks.
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How 79119 ranks in Amarillo, TX
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