Rent to Own Homes in Amarillo, TX

The City of Amarillo

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1e26c7783dd67bfe8e649bb97a9a6e85
Listing Type
Fannie Mae/Freddie Mac
Description

4 Beds, 3 Baths

Amarillo, TX 79119

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School: Greenways Intermediate
Grocery: Pak-A-Sak
Restaurant: Thai Taste
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E0bc6874185e7e9c44eecdb517dbdd85
Listing Type
REO Foreclosure
Description

3 Beds, 1 Bath

Amarillo, TX 79103

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School: Caprock High School
Grocery: Tnt Discount
Restaurant: Shonda's Grill
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52dc617b7adaeff30f25bef86f928eb0
Listing Type
REO Foreclosure
Description

3 Beds, 2 Baths

Amarillo, TX 79118

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School: Central Baptist Christian Academy
Grocery: Pak-A-Sak
Restaurant: Western Bowl
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Fe67ffa86af93b4488c1b43180a857a6
Listing Type
REO Foreclosure
Description

2 Beds, 1 Bath

Amarillo, TX 79107

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School: North Heights Alter
Grocery: Express Mart
Restaurant: Diana's Tamales & More
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981a2f362f081c0acfabf3f4b11b66bf
Listing Type
REO Foreclosure
Description

2 Beds, 1 Bath

Amarillo, TX 79110

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School: Landergin Elementary
Grocery: Toot'n Totum
Restaurant: Thai Express
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42d3c24ee89855cb970bd256aa0f6fb3
Listing Type
For Sale By Owner
Description

3 Beds, 2 Baths

Amarillo, TX 79109

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School: Bonham Middle School
Grocery: Equity Development Corp
Restaurant: Chiyo's
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18f2ca97c5c8a9e532b65a5dcac7f26d
Listing Type
REO Foreclosure
Description

3 Beds, 1 Bath

Amarillo, TX 79107

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School: Rogers Elementary
Grocery: Corner Mart
Restaurant: La Pasadita
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1973f7c78ec46900baac660dd79cdac8
Listing Type
REO Foreclosure
Description

3 Beds, 2 Baths

Amarillo, TX 79118

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School: Tradewind Elementary
Grocery: Pak-A-Sak
Restaurant: Rio Grande Grill
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230bd3885c9047d8958f10ed41ad02cb
Listing Type
REO Foreclosure
Description

3 Beds, 1 Bath

Amarillo, TX 79104

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School: Bowie Middle School
Grocery: B & B Food Store
Restaurant: Taqueria Rivera
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Tucked up in the northwestern corner of the state, where New Mexico and Oklahoma corner the Texas borders, Amarillo has a population of 190,695 people according to the 2012 US Census report. This is a stunning area of Texas to live in with cool nights and temperate, arid days almost year round. Amarillo is the 14th most populated city in Texas and was established back in 1887 by J. I. Berry because he wanted to make the town the regions new trading center. It became a hub for the booming cattle market and is still dominant today. The meat packing industry is a major employer in Amarillo today, but that is no longer the only big player. Bell Helicopter Textron opened an assembly plant in 1999 and Texas Tech University has also been a major contributor to the local economy.

Housing Statistics

The median age for residents in Amarillo is 33, quite young and excellent for the economy. The median house value is $113,700, much less than what you might expect to pay for a home in the central Texas region. The median rent price is also quite low at $730 per month.

Tourist Attractions and Nightlife

Amarillo has a number of attractions for both tourists and locals alike. Palo Duro Canyon State Park is one of the largest canyon systems in the United States, second only to the Grand Canyon! Also, the Alibates Flint Quarries National Monument is located a short 30 mile drive to the north, and if you are feeling adventurous and silly, you can take a quick trip out to the Cadillac Ranch that local millionaire Stanley Marsh funded. Once you have finished hiking around the numerous parks, Amarillo has a number of local bars, restaurants and clubs that are sure to please after a long day romping around the countryside. OHMS Cafe over on S. Tyler street is a local favorite for their tenderloin sliders and friendly atmosphere. Another local favorite is the R&R bar on S. Georgia Street. The beer is cold, the crowd is friendly and the prices are just right! The last must-mention duo, is treating yourself to an amazing steak dinner at The Big Texan and then walking over to Buckles Lounge (located on E. Interstate 40) for a friendly gathering with friends to sip beers and tell tall tales. A perfect ending to any long day!

Amarillo Neighborhoods

On the northwestern outskirts of Amarillo is the neighborhood of Bishop Hills. This area is best for people who are looking for a remote, country setting where they can actually see the Milky Way once the sun drops below the horizon. The remoteness of the neighborhood is part of the reason the average rent is jaw-droppingly low at $146 per month. The price for such low rental prices is made up for by the long commute, albeit a beautiful drive, to and from work each day. This commute can be as much as an hour, depending on how far out you decide you'd like to be. On the northwest side of the city's center is the neighborhood of N Soncy Rd / Fm 1061 which features the Tascosa Country Club for getting to know your neighbors and playing a round or two of golf. The average rent in this area is $628 per month and it has a relatively low vacancy rate at 8.6%. This is thought of as a quiet, suburban neighborhood most favored by those seeking to start a family or by those who are just looking for an upscale, safe neighborhood that is close to the center of the city without the feeling of living in a densely urban area. Most own and drive their own cars to and from work and commute less than 15 minutes a day, making this an excellent location for those wanting to be close to work in the downtown area, but not in the middle of it. One of the more sought after neighborhoods in Amarillo is the Georgia St & W Farmers Ave area. The average rent in this neighborhood is quite a bit more than the others previously mentioned. Residents here pay an average of $1,340 per month for the luxury and prestige of calling this area home. Having said that, the average vacancy rate for this area is up at 10.8%, so if you are looking to rent or to buy property, this might be just the time to get serious. Close to I-27, the residents of this neighborhood usually have a 15-30 minute commute to work each day and for the most part, they drive themselves. On the southeastern side of Amarillo, close to the Palo Duro Canyon State Park, is the Lake Tanglewood / Palisades neighborhood. This area is further out from the city center, so the commute in to work will be slightly longer at 20-30 minutes, but far shorter than what most americans are accustomed to. Another bonus to living in this neighborhood is the average price of rent, $490 per month as well as the size of homes (think lots of room) is one of the reasons this is such a popular neighborhood. A group of ethnically diverse, well educated, young families, retired professionals and middle age executives all call this neighborhood home. This area is considered more rural than suburban, but don't let that trick you into thinking you are in the middle of nowhere, just understand that you will be able to see the stars at night, not something all American's get to enjoy!