Location: Amarillo, TX | Metro: Amarillo, TX HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,590 |
| 5 Bedrooms | $1,844 |
| 6 Bedrooms | $2,065 |
| 7 Bedrooms | $2,230 |
| 8 Bedrooms | $2,342 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,430 | $214,806 | 0.67% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 79068 presents a nuanced scenario for both landlords and small-portfolio investors. With a median home value of $200,205, the area remains relatively affordable compared to many other regions. However, the fact that only 0.1% of listings have seen price reductions signals a market where sellers maintain considerable pricing power. This indicates a steady demand for homes in the area, which is unlikely to wane significantly over the next 12-24 months.
The median days on market (DOM) being noted as 'N/A' suggests either a very active market with quick sales or a lack of sufficient data points to calculate an accurate median. In either case, it aligns with the observation of strong seller's market conditions. Homes are likely selling rapidly, reinforcing the idea that pricing power will remain with sellers for the foreseeable future.
On the rental side, the forward-moving rent (FMR) for ZIP 79068 in fiscal year 2024 is projected at $1,070. This compares favorably to the current market rate of $1,038 based on Census ACS data. The slight upward trend in expected rental rates supports the notion that landlords can anticipate modest growth in their rental income over the next year. This positive rental outlook complements the strong home value and provides a solid foundation for long-term investment strategies.
For long-hold investors, the realistic appreciation thesis is tied to the overall economic health of the region and national trends. Given the stable home values and strong seller's market, appreciation is likely to continue at a moderate pace, influenced by broader economic factors such as employment growth, interest rates, and inflation. However, the exact rate of appreciation cannot be determined from the current data. What is clear is that the combination of strong home values, rapid sales, and favorable rental rates creates a resilient environment for property investments in ZIP 79068.
In summary, the median home value, the low percentage of price reductions, and the rapid sale dynamics suggest a robust seller's market. The rental market shows a positive trend, indicating potential for growth in rental income. These factors collectively point towards a stable and potentially appreciating market for those willing to hold onto properties for the long term.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.