The story of this market
The typical home in ZIP 79118 sells for about $263,000, or $161 per square foot.
Prices are up +8% 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 $1,450 a month.
ZIP 79118 — Amarillo
The 79118 housing market shows steady appreciation with a median price of $263,000, reflecting a seller-leaning environment. While inventory remains constrained, the market is supported by consistent demand from local buyers and a stable regional economy. Investors should exercise caution as cash-flow potential remains tight compared to historical averages.
This ZIP is well-suited for family buyers and those seeking suburban living with access to Amarillo's amenities, offering a balance of space and relative affordability.
Median prices moved up 8.0% year over year.
Homes spend a median of 43 days on market with 3.2 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 7.6% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 79118, Randall County TX
The area is served by the Amarillo Independent School District, which maintains a standard academic profile consistent with the broader regional performance.
The region is subject to high-wind events and occasional severe weather, necessitating standard property insurance coverage for wind and hail.
Economic momentum is driven by the Amarillo metro area's diverse base in healthcare, energy, and agriculture, with steady residential development in the southern corridors.
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 rely on personal vehicles for commuting, with major arterial roads providing access to the Amarillo employment core.
The area features access to local parks and proximity to regional recreational facilities, including golf courses and shopping centers within the southern Amarillo corridor.
The rental market shows moderate demand, though investors often face challenges in achieving significant cash flow due to price-to-rent ratios.
The economy is anchored by the Amarillo metro area, with major sectors including healthcare, energy, and regional trade.
Transportation is primarily highway-based, with major corridors facilitating movement throughout the Amarillo metropolitan area.
Ongoing residential development continues in the southern portions of the city, expanding the suburban footprint.
The Randall County Appraisal District manages property assessments for the area, following standard Texas property tax code procedures.
Parcels are subject to levies from the Amarillo Independent School District and Randall County taxing entities.
Property insurance premiums are influenced by regional exposure to wind and hail, common in the Texas Panhandle.
Texas is a non-judicial foreclosure state with a streamlined process for lenders.
Sellers are required to provide a standard property disclosure notice regarding the condition of the home.
Data retrieved from Census Reporter ZCTA 79118 profile.
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.
- Cinergy Amarillo Featuring EPIC4.512.6 mi
- Wonderland Amusement Park411.1 mi
- Maxwell's Pumpkin Farm4.69.9 mi
- Canyon Aqua Park4.314.4 mi
- Urban Air Trampoline and Adventure Park4.512.6 mi
- Amarillo Civic Center Complex4.69.2 mi
- Golden Corral Buffet & Grill412.1 mi
- The Lumberyard Canyon4.313.2 mi
- Dick Bivins Stadium4.37.9 mi
- Hodgetown Stadium4.79 mi
- Palo Duro Canyon State Park4.812.2 mi
- The Big Texan Steak Ranch & Brewery4.46.3 mi
- Cinergy Amarillo Featuring EPIC4.512.6 mi
- Cinemark Amarillo Hollywood 16 and XD4.510.4 mi
- Slug Bug Ranch4.76.6 mi
- The Big Texan Steak Ranch & Brewery4.46.3 mi
- Amarillo Route 664.411.1 mi
- Don Harrington Discovery Center4.512.3 mi
- Bill's Backyard Classics4.77.5 mi
- American Quarter Horse Hall of Fame & Museum4.67.6 mi
- Palo Duro Canyon State Park4.812.2 mi
- Amarillo Botanical Gardens4.712.3 mi
- The Lighthouse Rock4.911.7 mi
- John Stiff Memorial Park4.310.5 mi
- Thompson Memorial Park4.411 mi
- Ross Rogers Golf Course4.411.3 mi
- Comanche Trail Golf Course4.45.9 mi
- Preston West Golf Course4.310.7 mi
- Westgate Mall4.212.5 mi
- Burlington4.310.4 mi
- T.J. Maxx4.212.1 mi
- Ross Dress for Less413 mi
- Natural Grocers4.511.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community parks providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.