The story of this market
The typical home in ZIP 79015 sells for about $431,000, or $168 per square foot.
Prices are up +5.6% from a year ago, so sellers still have some momentum. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $1,400 a month.
ZIP 79015 — Canyon
The housing market in 79015 shows steady growth with a median sale price of $431,000 and a healthy year-over-year appreciation of 5.6%. Demand remains consistent, supported by a 43-day median time on market and a stable inventory level. The area's appeal is driven by its strong school district and proximity to Amarillo, making it a desirable location for families.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with access to university-town amenities and a manageable commute to Amarillo.
Median prices moved up 5.6% year over year.
Homes spend a median of 43 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.1% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79015, Randall County TX
The area is served by the Canyon Independent School District, which is generally regarded for its strong academic performance and community-focused educational environment.
The region is subject to high wind events and occasional severe weather, including hail and thunderstorms, typical of the Texas Panhandle climate.
Economic momentum is driven by the proximity to Amarillo's employment hubs, the presence of West Texas A&M University, and steady residential development in the Canyon area.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents primarily commute via I-27, providing a direct and relatively efficient route to the major employment centers in Amarillo.
The area features proximity to Palo Duro Canyon State Park, numerous local city parks, and access to regional shopping and dining in both Canyon and nearby Amarillo.
The rental market is characterized by steady demand driven by university students and local workforce, with moderate vacancy pressure.
The economy is anchored by education, government, and agriculture, with significant influence from the nearby Amarillo metropolitan area.
Transportation is heavily reliant on personal vehicles, with I-27 serving as the primary arterial corridor connecting the area to the broader region.
Development is focused on residential expansion to accommodate population growth in the Canyon and southern Randall County corridor.
The Randall County Appraisal District manages property assessments for the county, following standard Texas property tax code procedures.
Parcels are subject to levies from the Canyon Independent School District, Randall County, and various local utility and emergency service districts.
Property insurance premiums in the region are influenced by exposure to severe weather, including wind and hail risks common to the Panhandle.
Data retrieved from Census Reporter and ACS 2024 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
The second-largest canyon in the United States, offering extensive hiking and outdoor recreation.
A major regional anchor institution providing cultural and economic activity.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.