Real Estate Investing in Amarillo, Texas (79124)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79124 (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 price-to-rent: Price-to-rent ratio 27.0 — hard to cash-flow at these prices.
What’s happening in Amarillo, TX (79124)?
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Market Analysis: 79124 Amarillo
ZIP 79124 inside Potter County looks affordable on the surface — median value of $386K — but the discount exists for reasons that a careful buyer should understand before committing.
Rent of $1,192/mo on a $386K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 79124 sits below the stated 0.0% once reality is priced in.
ZIP 79124'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 demographic picture in 79124 includes headwinds that any investor should price in. Income distribution skews lower than Amarillo averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 79124 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Amarillo:
Property Strategy for 79124
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $228,541 | $1,170 | 3.7% | +5.9% | $114,271 |
| 3BR | $330,080 | $1,590 | 3.5% | +6.0% | $110,027 |
| 4BR | $451,405 | $1,840 | 2.9% | +6.5% | $112,851 |
| 5BR | $644,633 | — | — | +5.3% | $128,927 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79124 Compare?
| Metric | 79124 | Amarillo | Amarillo, TX | Texas |
|---|---|---|---|---|
| Home Value | $385,648 | $140,122 | N/A | $297,000 |
| 5-Year CAGR | 4.4% | 5.5% | N/A | 5.4% |
| Avg Rent | $1,192 | $1,170 | N/A | - |
| Cap Rate | 2.4% | 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 79124 (Amarillo, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $385,648 |
| Monthly Rent | $1,192 |
| Price-to-Rent | 27.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 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 (2.4%). 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 79124
Population: 11,800
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 79124
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?
Investors usually favor careful cash-flow rentals with hands-on management in Amarillo, TX. With home values at $386K and rents near $1,192/mo, other strategies can work but produce measured rather than outsized returns.
What is the tenant pool like in Amarillo, TX?
The tenant pool in Amarillo, TX is solid, supported by local employment and population fundamentals. Rents of $1,192/mo are well-absorbed by the market.
What is the average monthly rent in Amarillo, TX?
Expect rents around $1,192/mo per month in Amarillo, TX. With home values at $386K, the yield math works out to reasonable levels for rental investors.
Does Amarillo, TX favor landlords or tenants?
Rental owners in Amarillo, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How much does a house cost in Amarillo, TX?
Homes in Amarillo, TX typically sell near $386K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
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How 79124 ranks in Amarillo, TX
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