79110, Amarillo, TX

The Amarillo, TX 79110 zip code has a population of about 234,000 people and a median household income of $50,000. The home equity in this zip code is estimated to be around $280 million. Home prices in the Amarillo, TX 79110 zip code have been increasing at a rate of about 5% per year over the past five years. This means that the average home price in this zip code is currently around $269,000.

One reason that home prices in the Amarillo, TX 79110 zip code are increasing at such a high rate is because there are many new homes being built in this area. In addition, there are many people who are buying homes for the first time or who have lost their homes to foreclosure and are looking to buy again. Another reason why home prices in the Amarillo, TX 79110 zip code are rising is because there is strong demand for housing here.

There may be some risks associated with buying a home in the Amarillo, TX 79110 zip code right now. For example, if interest rates go up then it will likely become more expensive to borrow money to buy a home and homeownership could become less affordable for people who live here. Additionally, if there is another housing market crash like we saw during the Great Recession then values could decline even more and homeowners could lose their homes altogether. However, overall it seems that the market here looks very strong and so long as buyers do their research they should be able to find properties that they can afford and feel good about owning.