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Cheap Homes in Amarillo, TX 79101

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Amarillo, TX Foreclosures

Current Market Conditions in in Amarillo, TX As of February 2026?
In the last month, Amarillo's real estate market has experienced a slight uptick in sales, with more homes being listed as the season changes. However, inventory remains low, leading to increased competition among buyers and potential bidding wars. Average sale prices have continued to rise, reflecting the city's growing desirability. Real estate professionals note that homes in good condition are selling quickly, often within days of being listed, which highlights the urgency for prospective buyers to act swiftly.
How much do homes sell for in Amarillo, TX?
The average home price is currently $234,956.
What’s the average rental cost in Amarillo, TX?
The average rental price in Amarillo is $1,238.
What is the most expensive home in Amarillo?
The most expensive home sold in Amarillo had a price of $8,987,409.
What is currently the cheapest priced home in Amarillo, TX?
The cheapest home for sale in Amarillo is priced at $10,006.

Living in Amarillo, TX

Amarillo, Texas, known for its vibrant culture and rich history, offers a unique blend of urban living and Western charm. The city features a variety of attractions, including the famed Big Texan Steak Ranch and the stunning Palo Duro Canyon. With a growing real estate market and friendly community, Amarillo is an appealing choice for families and individuals alike.

Buyer vs Seller Market in Amarillo, TX

The Amarillo real estate market has shown steady growth over the past year, buoyed by the area's affordable housing prices and a stable economy. Homebuyers are drawn to the city's combination of urban amenities and rural lifestyle, leading to a competitive market with an increase in demand.

Recent data shows a rise in home values and a decrease in inventory, creating a seller's market as more buyers are seeking to invest in Amarillo. The residential market is diverse, offering everything from contemporary homes to charming historic properties.

Home Value Estimator For Amarillo, TX

There are currently 87,354 real estate properties in Amarillo, TX, with a median automated valuation model (AVM) price of $197,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Amarillo, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Amarillo, TX, is $234,956.00, with the most expensive house in Amarillo, TX, topping out at $8,987,409.00 and the cheapest home in Amarillo, TX, clocking in at $10,006.00. In other words, there’s something for every potential homebuyer or savvy investor in Amarillo, TX!

Rent Prices In Amarillo, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Amarillo, TX, is on a rollercoaster ride. The average rent price in Amarillo, TX, is $1,238.00. Indeed, when looking to rent in Amarillo, TX, you can expect to pay as little as $440.00 or as much as $3,240.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Amarillo, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Cheap Homes in Amarillo, TX 79101

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