Median Home PriceBETTER
$142,946.88
Median RentBETTER
$1,001.76/mo
Price-to-Rent RatioBETTER
11.9
Property Tax RateTIE
1.80%
Price Change (1Y)BETTER
+0.4%
Price Change (5Y)BETTER
+1.9%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$68,695
Median Home Price
$208,878.83
Median Rent
$1,307.7/mo
Price-to-Rent Ratio
13.3
Property Tax RateTIE
1.80%
Price Change (1Y)
-0.7%
Price Change (5Y)
-3.6%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$88,860
Key Differences
Home Prices
Amarillo's median home price of $142,946.88 is lower than Lubbock's $208,878.83 by 32%.
Monthly Rent
Renting in Amarillo costs $1,001.76/mo compared to $1,307.7/mo in Lubbock—a difference of $305.94/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.