Metropolitan Statistical Area (MSA):
Amarillo, TX is a Metropolitan Statistical Area (MSA) comprising counties including .
The Amarillo, TX metropolitan statistical area (MSA) is seeing some interesting trends in the housing market. For starters, the average home price in the MSA has been on the rise over the past few years. In fact, according to Zillow, the median home value in Amarillo is currently $153,100, which is up nearly 8% from last year. This trend is being driven by a number of factors, including population growth and a strong economy.
Another trend that we're seeing in Amarillo is an increase in new construction. This is likely due to the combination of rising home prices and population growth. builders are responding to this demand by constructing more new homes in the area. This is good news for potential buyers who are looking for a brand-new home, but it's also driving up prices even further.
If you're thinking about buying a home in Amarillo, TX or any of its surrounding communities, now is a good time to do so. Prices are on the rise but there are still plenty of affordable options available. And with new construction happening all around us, there's no shortage of beautiful homes to choose from!