Amarillo, TX Federal Housing Finance Agency Home Price Index (FHFA HPI)

The Amarillo, TX, Federal Housing Finance Agency (FHFA) House Price Index (HPI) is a weighted, repeat-sales index measuring average price changes in single-family houses with conforming loan amounts. The HPI covers the nine census divisions in the United States. The FHFA HPI is a broad measure of home prices and covers both purchase mortgages and refinancings.

In Amarillo, TX, home prices increased by 1.0% from the first quarter of 2019 to the first quarter of 2020. This is slightly higher than the national rate of 0.9%. Home prices in Amarillo have been on an upward trend since bottoming out in early 2011. However, they are still below the peak reached in late 2005/early 2006.

The main driver of house price growth in Amarillo is strong demand for housing coupled with limited supply. The population of Amarillo has been growing steadily for several years, due to strong economic conditions and high levels of job creation. At the same time, there has been very little new construction activity, leading to tight supply conditions and rising prices.

Investors have also played a role in pushing up prices, as they have been increasingly active in the market over the past few years. Low interest rates and attractive rental yields have made Amarillo an attractive market for investment buyers looking to generate income from their properties.