The story of this market
The typical home in ZIP 79068 sells for about $175,000, or $135 per square foot.
Prices are up +3.6% from a year ago, so sellers still have some momentum. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,250 a month.
ZIP 79068 — Panhandle
The housing market in ZIP 79068 is showing signs of stabilization with moderate price growth and a healthy balance between supply and demand. Buyers are finding a reasonable selection of homes, and the market is moving at a steady, unhurried pace. Overall, the outlook remains positive as the local economy continues to support steady residential activity.
This area is well-suited for families and first-time homebuyers looking for affordability and a stable, community-oriented environment. It also attracts long-term investors seeking consistent rental demand in a predictable market.
Median prices moved up 3.6% year over year.
Homes spend a median of 44 days on market with 4.2 months of supply — a fast-moving market.
14% 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 4.1% · poverty 11.2% — 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 3.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 79068
Crime rates in the Amarillo area are generally consistent with regional averages for mid-sized Texas cities, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address neighborhood safety.
Schools serving this area are primarily part of the Amarillo Independent School District, which maintains a diverse range of academic and extracurricular programs. Performance ratings vary by campus, with several schools receiving solid marks for student growth and college readiness.
The region faces moderate risks from severe weather, including high winds and occasional hail, which influence property insurance premiums. Flood risk is generally low, though localized drainage issues can occur during heavy rainfall events.
The local economy is anchored by healthcare, energy, and agricultural sectors, providing a stable employment base. Infrastructure development is focused on maintaining regional connectivity and supporting steady residential growth.
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 typically rely on personal vehicles for commuting, with most employment centers in Amarillo accessible within a 15-20 minute drive. Public transit options are limited, making car ownership essential for most households.
The area features several neighborhood parks and is within a short drive of larger municipal greenbelts and recreational facilities. Shopping and dining options are concentrated along major arterial roads, providing convenient access to daily necessities.
The rental market is characterized by steady demand and moderate vacancy rates, with a mix of single-family homes and apartment complexes. Investors remain active, though the market is not currently dominated by short-term rentals.
The economy is driven by a mix of healthcare, energy, and manufacturing, with major employers including regional medical centers and industrial facilities. The area benefits from a low cost of living and a stable labor market.
The area is served by a network of highways that facilitate regional travel, though public transit infrastructure is minimal. Commuting is primarily car-dependent.
Development is focused on infill projects and the expansion of residential subdivisions on the city's periphery. Infrastructure upgrades are ongoing to support population growth.
The county appraisal district conducts annual property valuations to ensure tax equity, with a formal protest process available to property owners.
Parcels are subject to various special districts, including school, hospital, and water districts, which provide essential public services.
Property insurance premiums are influenced by regional weather patterns, with a focus on wind and hail coverage due to the area's climate.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
- Eastridge Lanes4.317.9 mi
- Dick Bivins Stadium4.320 mi
- Amarillo Tri-State Exposition & Tri-State Fair & Rodeo4.219.8 mi
- Route 66 Motor Speedway4.818.2 mi
- Starlight Ranch Event Center4.418.7 mi
- The Big Texan Steak Ranch & Brewery4.418 mi
- Texas Air & Space Museum4.715.3 mi
- Kwahadi Museum of the American Indian4.616.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A popular local attraction featuring diverse plant life and seasonal events.
The primary regional shopping destination serving the area with various retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.