Amarillo, TX
Potter County · Pop. 202,878
Ranked #12 of 243 cities
58Moderate
Median Home Price
🏠$190K
3.0% YoY
Median Rent
🔑$1,050
2.0% YoY
Median Income
💰$48K
Rent Burden
📊28.5%
% of income to rent
Income to Buy
🏦$55K
annual income needed
Income to Rent
📝$42K
annual income needed
Price-to-Income
⚖️4.0x
Homeownership
🏡56.0%
Rent vs. Buy
Buy
$1,011/mo
Est. mortgage (7%, 20% down)
Need $55K/yr income
Rent
$1,050/mo
Median rent
Need $42K/yr income
How Amarillo Compares
| Metric | Amarillo | Texas | National |
|---|---|---|---|
| Home Price | $190K | $297K | $410K |
| Rent | $1,050 | $1,413 | $1,500 |
| Income | $48K | $76K | $75K |
| Rent Burden | 28.5% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in Amarillo are 54% lower than the national average.
- • Rent is 30% lower than the national average.
- • You need an income of $55K to comfortably buy a home here.
- • The homeownership rate is 56.0%, compared to 65.0% nationally.