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Preforeclosure Homes in Amarillo, TX 79121

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Amarillo, TX Foreclosures

How much do homes sell for in Amarillo, TX?
The average home price is currently $234,788.
In Amarillo, TX, how many homes are available?
There are currently 4 active home listings available in Amarillo.
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 $8,720,483.
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 captivating landscapes and vibrant community, offers a unique blend of Old West charm and modern amenities. Residents enjoy a rich cultural scene, including museums, art galleries, and the renowned Palo Duro Canyon, the second-largest canyon in the United States. With affordable housing options and a welcoming atmosphere, Amarillo is an attractive place for families and professionals alike.

Current Market Conditions in Amarillo, TX

The Amarillo real estate market is currently experiencing a period of stability with a moderate increase in home prices over the past year. The area's attractive housing prices, combined with a stable job market, are drawing more people to the city. There has been a noticeable rise in demand for single-family homes, particularly for those in suburban areas surrounding the city center, as families seek more space during these times.

Investors are also taking notice of Amarillo's growing potential, with many properties available for renovation or development. The rental market is showing signs of improvement, supported by the influx of new residents and a steady local economy.

Home Value Estimator For Amarillo, TX

There are currently 87,222 real estate properties in Amarillo, TX, with a median automated valuation model (AVM) price of $196,862.00. 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 $234,788.00, with the most expensive house in Amarillo, TX, topping out at $8,720,483.00 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.

Amarillo, TX 79121 Preforeclosure Homes


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