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Amarillo city, TX

ZIP 79118 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 79118

Median Home Value
$224,000
Median Rent
$1,127
Affordability Snapshot
$62,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,439/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

16.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 79118 in Amarillo city, TX, a household would need roughly $62,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,439. That sits below the local median household income ($87,011), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
78.3%+20% vs US avg
x
Vacancy Rate
7.9%-23% vs US avg
x
Broadband Access
88.3%+2% vs US avg
x
4+ Bedrooms
2.9%-80% vs US avg
x
Built Pre-1939
0.7%-95% vs US avg
x
Built Post-2014
2.8%-60% vs US avg
x
Rent Burden >30%
14.9%-70% vs US avg
x
Mortgage-Free
39.1%+2% vs US avg
x
$224,000
Home Value
$1,127
Rent
2004
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached66.6%
  • 1-unit attached2.7%
  • 2-9 units3.8%
  • 10+ units5.5%
  • Mobile home & other21.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$224,000
Median rent$1,127
Owner-occupied78.3%
Vacant7.9%
Price-to-income2.6x
Est. income to buy$62,000