Market Overview
Home Prices in Amarillo, TX
The median home value in Amarillo, TX is $211,834 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.2% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Amarillo are priced48% below average. Amarillo is part of the Amarillo, TX metro area.
Over the past five years, Amarillo home values have risen by approximately28.0%, reflecting strong long-term appreciation in this market.
Price History
Amarillo Home Price Trend
City Comparison
Amarillo vs. National Median
At $211,834, homes in Amarillo cost 48% below the national median of $410,000. This makes Amarillo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Amarillo?
20% Down Payment
$42,367
on $211,834
Monthly P&I
$1,105/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,403/mo
incl. taxes & insurance
Income Needed
$56,120
gross annual (30% rule)
10% Down Option
$21,183
+ PMI applies
Loan Amount (20% dn)
$169,467
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Amarillo, TX?
The median home value in Amarillo is $211,834 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.2% year-over-year.
How much have home prices changed in Amarillo?
Over the past year, home values in Amarillo have increased by 3.2%. Over five years, prices have risen approximately 28.0%.
How much do I need to earn to buy a home in Amarillo?
To comfortably afford the median home price of $211,834 with a 20% down payment ($42,367) at today's rates (6.8%), you'd need a gross annual income of approximately $56,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Amarillo compare to the national average home price?
The national median home value is approximately $410,000. At $211,834, homes in Amarillo are 48% below the national average.
What metro area is Amarillo part of?
Amarillo is part of the Amarillo, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.