Safe Rate Local

Amarillo

Learn about the people, housing, costs and businesses in Amarillo

Median Home$209,870
Median Rent$1,162/month
Population271,917
Leading IndustriesInformation & Media · Transportation · Wholesale Trade8% information & media
Home Value Growth+8.2% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners64% of occupied units
Amarillo

Frequently Asked Questions

What are today's mortgage rates in Amarillo?

Mortgage rates for Amarillo are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Amarillo
What is the median home price in Amarillo?

The median home value in Amarillo is $210k. The median monthly rent is $1,162. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Amarillo?

Home values in Amarillo have increased 8.2% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Amarillo?

Based on a typical all-in ownership cost of $1,176/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Amarillo is $76k/year.

Calculate your buying power
What industries drive the economy in Amarillo?

The largest employment sectors in Amarillo are public administration (23%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.