Cities with the most expensive homes in the Amarillo metro area
Cities with the most expensive homes in the Amarillo metro area
Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, affordability plays a huge role for buyers.
The typical home value in the United States was $349,216 in February, 4.2% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of March 28, the 30-year fixed mortgage rate sits at 6.79%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
Stacker compiled a list of cities with the most expensive homes in the Amarillo metro area using data from Zillow. Charts show the monthly typical home value since January 2018. All 8 cities and towns with data available were included in the list.
#8. Happy, TX
- Typical home value: $127,341
- 1-year price change: -4.7%
- 5-year price change: +34.7%
#7. Claude, TX
- Typical home value: $171,426
- 1-year price change: +1.8%
- 5-year price change: +36.7%
#6. Panhandle, TX
- Typical home value: $172,301
- 1-year price change: +1.1%
- 5-year price change: +25.8%
#5. Palisades, TX
- Typical home value: $187,829
- 1-year price change: -1.4%
- 5-year price change: +35.1%
#4. Amarillo, TX
- Typical home value: $194,790
- 1-year price change: +3.2%
- 5-year price change: +45.1%
#3. Canyon, TX
- Typical home value: $269,054
- 1-year price change: +3.2%
- 5-year price change: +41.0%
#2. Timbercreek Canyon, TX
- Typical home value: $411,745
- 1-year price change: +3.6%
- 5-year price change: +49.9%
#1. Lake Tanglewood, TX
- Typical home value: $651,333
- 1-year price change: +5.4%
- 5-year price change: +44.9%
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 379 metros.
