79102, Amarillo, TX

Home Equity and Home Prices in the 79102 Zip Code of Amarillo, TX

The 79102 zip code of Amarillo, TX has a median home value of $135,000. This is higher than the national median home value of $123,500. The zip code also has a lower than average percentage of homeowners with negative equity (less than 20% of homes have less than 20% equity). This indicates that most homeowners in this zip code are able to borrow against their homes to cover current expenses.

The average home price in the 79102 zip code increased by 5.5% from 2016 to 2017. This is slower growth than the national average which increased by 7.1%. The main driver for this slower growth may be the low number of available listings in this zip code (only 2%).

There are a number of factors that could affect home prices including interest rates, job security, and local market conditions. While there is no guarantee that prices will continue to increase or decrease in the future, understanding these factors can help you make informed decisions about buying or selling your home.