79118 — Amarillo, TX Home Values
Typical home value $263,204 as of June 2026 · 5th of 20 in Amarillo, TX
Blue: typical home value (Zillow ZHVI) in ZIP code 79118, June 2021 to June 2026. This page shows observed data only; no forecast.
How 79118 compares in the Amarillo, TX area
ZIP code 79118 (Amarillo, TX) has a typical home value of $263,204 as of June 2026, ranking 5th of 20 ZIP codes tracked in the Amarillo, TX area, more expensive than about 80% of ZIP codes in the metro. Prices here have moved +2.6% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +22.7%, from $214,483 in June 2021 to $263,204 in June 2026. Against observed rent, the typical home here sells for 11.8× the annual rent ($1,866/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Amarillo, TX forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Amarillo.
Population and demographics
ZIP code 79118 has a population of 27,412, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 57.4% White, 34.8% Hispanic or Latino, 3.2% two or more races, 2.2% Asian, 1.8% Black or African American, 0.3% American Indian or Alaska Native, 0.2% Native Hawaiian or Pacific Islander, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| MULLIN CANYON ACADEMY OF EXCELLENCE | 4615 S FARM TO MARKET RD 1258, AMARILLO, TX | 4.4 mi |
| OAK DALE EL | 2711 S HILL, AMARILLO, TX | 6.1 mi |
| TRADEWIND EL | 4300 WILLIAMS, AMARILLO, TX | 6.2 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 79118?
$263,204 as of June 2026, the latest month Zillow has published observed data for.
Is 79118 an expensive ZIP code in the Amarillo, TX area?
79118 ranks 5th of 20 ZIP codes in the Amarillo, TX area by typical home value, more expensive than about 80% of ZIP codes in the metro.
How much have home values in 79118 changed over the past year?
+2.6% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 79118?
The typical home price is 11.8× the observed annual rent in this ZIP code ($1,866/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 79118?
27,412, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 79118?
MULLIN CANYON ACADEMY OF EXCELLENCE (4.4 mi), OAK DALE EL (6.1 mi), TRADEWIND EL (6.2 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 79118?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Amarillo, TX forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.