Flipping houses in Amarillo, TX: hail-proof budgets, two counties and Panhandle neighborhood data
Amarillo, the largest city in the Texas Panhandle, has about 198,000 residents and a median home value near $214,000 in recent Census estimates. About 74% of homes are single-unit houses, and prices are low compared with most Texas metros, which makes flipping houses in Amarillo, TX approachable for many investors.
Panhandle weather shapes every budget, with hail, high winds and cold snaps. The city also spans Potter and Randall counties. This guide uses Census figures and local search data to compare ZIP codes, explains weather and county factors and walks through flip math.
Amarillo in numbers
Amarillo has about 198,000 residents, a median home value near $214,000 and a median household income around $67,000 in recent Census estimates, with about 58% of homes owner-occupied and vacancy near 10%.
About 74% of homes are single-unit houses, a higher share than in most large Texas cities.
Agriculture and meat processing, healthcare, manufacturing, rail and energy support the local economy, along with West Texas A&M University in nearby Canyon.
Older neighborhoods north and east of downtown have lower prices, while the southwest has newer homes and higher values.
Low prices mean flips need tight budgets and accurate values to produce solid margins.
Canyon, just south of Amarillo, draws buyers connected to the university and families who want a smaller-town feel.
Pantex, Bell Textron and other large employers bring workers from across the region, which supports demand for move-in-ready homes.
Many buyers compare Amarillo with Canyon and Bushland, so check prices in those areas when you set a list price.
- Use the wrong county's records
- Overspend for the area
- Skip rental analysis
- Confirm Potter or Randall County
- Keep finishes in line with the street
- Run rental numbers
Texas resources
Listed and sold 25 properties and personally bought and sold four fix-and-flip properties, all generated from probate leads.
Carolynn Castillo
Realtor & Broker · eXp Realty
Amarillo ZIP codes for flips
Recent Census estimates show lower prices to the north and east and higher values to the southwest.
Southwest 79119 and west 79124
Medians near $362,000 to $366,000 and owner-occupancy up to 90%, with newer homes and few flips.
Southwest 79121 and Canyon 79015
Medians near $280,000 to $288,000, with family buyers and steady demand.
South central 79109 and southeast 79118
Medians near $223,000 to $235,000, with 1960s to 1980s homes that suit cosmetic flips.
Wolflin and central 79106 and south 79110
Medians near $160,000 to $174,000, with older homes on established streets.
North 79108, east 79103 and central 79102
Medians near $132,000 to $163,000, with older homes and owner-occupancy up to 75%.
North Heights 79107 and northeast 79104
Medians near $93,000 to $94,000 and vacancy near 16%, with the lowest prices and more risk.
ZIP medians are recent Census estimates. Price every flip from renovated comparables nearby.
Shannon Thompson
Investor · Joe Homebuyer of Atlanta
Watch Shannon Thompson share their experience using ForeclosuresDaily.com.
Hail, wind and two counties in Amarillo
Panhandle conditions shape Amarillo flip projects.
Hail and wind
Amarillo sees frequent hailstorms and strong winds. Roofs, siding, windows and fences often need repair or replacement.
- Hail
- Wind
Check roof age, past claims and insurance cost before you buy.
Potter and Randall counties
Amarillo spans Potter and Randall counties, each with its own appraisal district and tax records.
- Potter County
- Randall County
Confirm the county before you research a lead.
Cold snaps
Winter freezes can burst pipes in vacant homes, so plan heat and winterizing for projects that run through winter.
- Freezes
- Vacant homes
Keep heat on or winterize vacant homes.
Texas foreclosures and taxes
Most Texas foreclosures are nonjudicial sales on the first Tuesday of the month after a notice of at least 21 days. Investors usually pay full property taxes while holding a flip.
Include full taxes in holding costs.
Questions before buying an Amarillo flip
- 1Which county is the home in?
- 2How old is the roof, and has it had hail claims?
- 3What will insurance cost?
- 4Has the home had freeze damage?
- 5What do renovated homes nearby sell for?
- 6What would it rent for?
Andrew Litchfield
Webinar host
Andrew Litchfield hosted a ForeclosuresDaily.com monthly webinar for real estate investors.
Running the numbers on an Amarillo flip
Start with renovated sales on nearby streets, then subtract purchase price, renovation, holding and selling costs. Roofs and exterior repairs often drive the budget.
Profit = ARV − Purchase + rehab + holding + selling
Include full property taxes, insurance and closing costs.
Confirm roof condition, comparables and contractor bids before closing.
Impact-rated roofing helps
Impact-resistant shingles can lower insurance costs and appeal to buyers who know local hail.
Rentals are a strong backup
Homes for rent draw about 1,900 searches a month, so a rental exit is realistic if resale slows.
Price for the street
Over-improving beyond nearby renovated sales rarely pays off.
Check heating and insulation
Buyers notice heating costs in Panhandle winters, so check furnaces and insulation.
Fences and siding count
Wind-damaged fences and siding are among the first things buyers notice, so budget to fix them.
Speed matters
Cosmetic flips that finish in weeks cut holding costs and storm exposure.
Check old systems
Older homes may need electrical panels, plumbing and water heater updates that inspectors flag.
Watch the calendar
Spring and early summer are busy buying seasons, and exterior work is easier before winter.
Check for code cases
Vacant homes can carry city code violations or liens, so check before closing.
Anthony Coletti
Real estate investor
Watch Anthony Coletti share their experience using ForeclosuresDaily.com.
What Amarillo-area buyers and renters search for
Search data shows steady demand. Homes for sale in Amarillo and homes for rent in Amarillo each draw about 1,900 searches a month.
Canyon draws buyers
Homes for sale in Canyon draw about 1,000 searches a month.
Two appraisal districts
Potter County and Randall County appraisal districts each draw about 480 searches a month.
Hail is on people's minds
Amarillo hail storm searches run about 90 a month.
- 1Homes for sale Amarillo TXAbout 1,900
- 2Homes for rent Amarillo TXAbout 1,900
- 3Homes for sale Canyon TXAbout 1,000
- 4Amarillo real estateAbout 880
- 5Potter County appraisal districtAbout 480
- 6Randall County appraisal districtAbout 480
- 7Homes for sale Bushland TXAbout 110
- 8Amarillo hail stormAbout 90
How flippers can use this data
Use local data to plan your flips:
Search volumes are approximate. Figures are recent monthly estimates and change over time. Use them to understand interest, not as exact counts.
ForeclosuresDaily.com hosts monthly webinars with investors such as Carolynn Castillo, who share how they find and evaluate flip properties.
Read the webinar announcement →
Jeremy Resmer
Webinar host
Jeremy Resmer hosted a ForeclosuresDaily.com monthly webinar for real estate investors.
How to find flip properties in Amarillo
- 1
Use off-market lead lists
Probate, absentee owner, preforeclosure and tax delinquent lists help you reach sellers before they list.
- 2
Search both counties
Leads, records and foreclosure postings are split between Potter and Randall counties.
- 3
Build a reliable team
Roofers, contractors and insurance agents who know Panhandle weather keep projects on track.
Before you buy
- Confirm the county
- Check roof and hail claims
- Check for freeze damage
- Get contractor bids
- Pull same-street comparables
- Plan your exit
Explore resources such as flipping houses in Lubbock and flipping houses in Texas.
Antonio Stringfield
Probate investor · Los Angeles
Watch Antonio Stringfield share their experience using ForeclosuresDaily.com.
Nancy Wallace-Laab
Investor · nearly 20 years
Nancy focuses on the best outcome for both the seller and the investor, drawing on nearly 20 years of real estate investing experience.
Phillip Warrick
Full-time investor since 2003
Full-time real estate investor since 2003, with over 20 years of experience.
Flipping houses in Amarillo, TX: FAQ
Short answers for investors flipping houses in Amarillo. Tap a question to open it.
QIs Amarillo good for flips?Yes
QWhat repairs are most common?
QWhich counties cover Amarillo?
QIs renting a good backup?Yes
QWhich areas have higher prices?
QWhen are Texas foreclosure sales held?
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Find your next Amarillo flip
Amarillo rewards flippers who budget for hail and wind, confirm the county and price from same-street sales.
ForeclosuresDaily.com supplies probate, preforeclosure, absentee owner and tax delinquent leads across the Panhandle and Texas. Explore our lead products.