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 $360,385 in October, 2.4% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of November 14, the 30-year fixed mortgage rate sits at 6.78%.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: $144,186
- 1-year price change: +1.1%
- 5-year price change: +29.9%
#7. Claude, TX
- Typical home value: $177,569
- 1-year price change: -0.6%
- 5-year price change: +29.7%
#6. Panhandle, TX
- Typical home value: $178,147
- 1-year price change: +0.9%
- 5-year price change: +28.5%
#5. Amarillo, TX
- Typical home value: $196,888
- 1-year price change: +1.7%
- 5-year price change: +43.3%
#4. Palisades, TX
- Typical home value: $197,436
- 1-year price change: -3.8%
- 5-year price change: +31.2%
#3. Canyon, TX
- Typical home value: $278,799
- 1-year price change: +2.9%
- 5-year price change: +40.5%
#2. Timbercreek Canyon, TX
- Typical home value: $431,199
- 1-year price change: +1.7%
- 5-year price change: +49.5%
#1. Lake Tanglewood, TX
- Typical home value: $667,539
- 1-year price change: -0.0%
- 5-year price change: +44.5%