Cities with the fastest growing home prices in Amarillo metro area

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September 29, 2022
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Cities with the fastest growing home prices in Amarillo metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Amarillo, TX metro area using data from Zillow. Cities are ranked by 1-year price change as of August 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 10 cities and towns with data available were included in the list.

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1 / 10
Stacker

#10. Palisades, Texas

- 1-year price change: +$4,173 (+2.2%)
- 5-year price change: +$59,678 (+43.3%)
- Typical home value: $197,437 (#4 most expensive city in metro)
2 / 10
Stacker

#9. White Deer, Texas

- 1-year price change: +$14,499 (+13.8%)
- 5-year price change: +$34,896 (+41.1%)
- Typical home value: $119,833 (#10 most expensive city in metro)
3 / 10
Stacker

#8. Groom, Texas

- 1-year price change: +$19,061 (+17.7%)
- 5-year price change: +$45,414 (+55.7%)
- Typical home value: $126,973 (#9 most expensive city in metro)
4 / 10
Stacker

#7. Happy, Texas

- 1-year price change: +$21,058 (+13.6%)
- 5-year price change: +$51,745 (+41.6%)
- Typical home value: $176,255 (#7 most expensive city in metro)
5 / 10
Stacker

#6. Claude, Texas

- 1-year price change: +$22,893 (+16.0%)
- 5-year price change: +$50,906 (+44.3%)
- Typical home value: $165,716 (#8 most expensive city in metro)

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6 / 10
Stacker

#5. Amarillo, Texas

- 1-year price change: +$28,472 (+17.1%)
- 5-year price change: +$63,831 (+48.8%)
- Typical home value: $194,750 (#5 most expensive city in metro)
7 / 10
Stacker

#4. Panhandle, Texas

- 1-year price change: +$28,961 (+18.2%)
- 5-year price change: +$62,048 (+49.1%)
- Typical home value: $188,407 (#6 most expensive city in metro)
8 / 10
Stacker

#3. Canyon, Texas

- 1-year price change: +$35,234 (+15.3%)
- 5-year price change: +$84,260 (+46.4%)
- Typical home value: $266,018 (#3 most expensive city in metro)
9 / 10
Stacker

#2. Timbercreek Canyon, Texas

- 1-year price change: +$63,159 (+16.8%)
- 5-year price change: +$155,115 (+54.6%)
- Typical home value: $438,964 (#2 most expensive city in metro)
10 / 10
Stacker

#1. Lake Tanglewood, Texas

- 1-year price change: +$94,122 (+15.7%)
- 5-year price change: +$240,029 (+53.1%)
- Typical home value: $691,912 (#1 most expensive city in metro)

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