Amarillo city, Texas Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Amarillo city, Texas rental market.
An apartment for rent in Amarillo city, Texas typically goes for $757 per month, while a single-family home for rent in Amarillo city, Texas has a monthly cost of around $1,426. Renter-occupied units make up 40% of the local housing market, while the rental vacancy rate in Amarillo city, Texas is at 9.3.
Amarillo city, Texas
Average Apartment Rent
Y-o-Y Change in Apartment Rent
Average Single Family Rent
Compared to a year ago, Amarillo city, Texas apartments have recorded a 3.13% rent increase.
Amarillo city, Texas |Median apartment rent trend
Amarillo city, Texas| Average apartment rent by city
Amarillo city, Texas | Apartment rent ranges
At 50.19%, apartments priced $700 - $1000 represent the bulk of Amarillo city, Texas rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 0.13%.
Amarillo city, Texas | Housing tenure
Renters take up 40% of Amarillo city, Texas real estate, occupying a total of 30,093 units, while homeowners live in 45,470 properties.
Median number of rooms of renter-occupied housing units
Renter Median household income
Average household size of renter occupied-housing units
Rental vacancy rate
Amarillo city, Texas | Renter-occupied housing units by no. of bedrooms
There are 10,878 rentals in Amarillo city, Texas with 2 beds making up the highest share of the market, at 36%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 1,007 units. Overall, the median number of rooms in Amarillo city, Texas homes for rent is 4.2.
Amarillo city, Texas |Renter-occupied units by age of householder
Most condos for rent in Amarillo city, Texas are occupied by residents in the 25 - 34 years age group (29%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Amarillo city, Texas | Renter-occupied housing units by family type
Amarillo city, Texas | Renter-occupied housing units by the presence of own children
A total of 16,123 apartments for rent in Amarillo city, Texas, or 54% of all rentals are family households. Additionally, 37% of rental homes include children under the age of 18 – that’s 11,076 units. All in all, the median size of a renter-occupied household in Amarillo city, Texas is 2.41.
Amarillo city, Texas | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 16% of the rental market. In contrast, residents with less than a high school degree reside in 17% of the homes for rent in Amarillo city, Texas.
Amarillo city, Texas | Renter-occupied units by year structure built
The highest share of Amarillo city, Texas apartment rentals, namely 20% or 5,942 units, were built 1950 - 1959, followed by those built 1970 - 1979 (17%, 5,088 units), and the ones built 1960 - 1969 (15%, 4,592 units).
Amarillo city, Texas | Renter-occupied units by year householder moved in
Median year renter moved into unit2014
Most Amarillo city, Texas renters (44%) moved in 2010 to 2014, while only 1% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Amarillo city, Texas condos for rent is 2014.
Amarillo city, Texas | Renter-occupied housing units by vehicles available
When it comes to transportation options, 52% of Amarillo city, Texas renters have 1 vehicle available per household, 29% of them have 2 vehicles available, and 11% have no vehicle available.
Amarillo city, Texas | Means of transportation to work of householders living in renter-occupied housing units
Amarillo city, Texas |Geographical mobility in the past year for householders living in renter-occupies housing units
Amarillo city, Texas | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Amarillo city, Texas apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
Average single family rent calculated from point2homes.com data.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates