Airbnb City Guide: The Best Places To Invest in Amarillo, Texas

Airbnb Rules and Regulations in Amarillo, Texas

As of 2024, Amarillo has implemented a comprehensive set of regulations governing the operation of short-term rentals. All hosts are required to obtain a permit from the city and pay an annual fee, which varies based on the type of rental property. The ordinance mandates that hosts maintain a minimum of $500,000 in liability insurance coverage and comply with all applicable building, fire, and safety codes.

Short-term rentals are limited to a maximum of 180 days per calendar year, with individual stays not exceeding 30 consecutive days. Hosts must provide adequate off-street parking for guests and ensure that the property does not become a nuisance to neighboring residents. Additionally, the use of short-term rentals for special events or gatherings that exceed the maximum occupancy is strictly prohibited. Failure to adhere to these regulations may result in fines, permit revocation, or legal action by the city.

Amarillo Airbnb Market Data:

• Average Revenue – $26.3K per year
• Average Daily Rate – $136.1 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $73.2
• Average Home Prices – $198,382

1. Top Place to Invest in Amarillo, Texas - The Greenways

Nestled in the southwestern part of Amarillo, The Greenways is a thriving neighborhood that has captured the attention of aspiring Airbnb investors. With its prime location, attractive amenities, and growing popularity among visitors, The Greenways offers a compelling investment opportunity for those seeking to capitalize on the city's burgeoning vacation rental market.

The Greenways Airbnb Market Data:

• Average Revenue – $31.3K per year
• Average Daily Rate – $162 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $87.6

Convenience - 9/10

One of The Greenways' most significant advantages is its exceptional convenience. The neighborhood is strategically located near major highways, providing easy access to the rest of Amarillo and surrounding areas. Residents and visitors alike can enjoy a wide range of amenities within the community, including grocery stores, pharmacies, and various retail establishments. Additionally, The Greenways is well-served by public transportation, making it easy to navigate without a personal vehicle.

Tourist Attractions - 6/10

While The Greenways is primarily a residential area, it is close to several notable tourist attractions in Amarillo. The iconic Cadillac Ranch, a unique public art installation featuring graffiti-covered Cadillacs buried nose-first in the ground, is just a short drive away. Visitors can also explore the nearby Palo Duro Canyon State Park, the second-largest canyon in the United States, offering breathtaking natural beauty and outdoor recreation opportunities.

Things to Do - 7/10

The Greenways boasts a diverse array of local amenities and activities that cater to both residents and visitors. The neighborhood is home to several well-maintained parks, including The Greenways Park, which offers walking trails, playgrounds, and picnic areas. Golf enthusiasts can enjoy a round at one of the nearby courses, such as the Amarillo Country Club or the Ross Rogers Golf Complex. Additionally, The Greenways is conveniently located near various shopping and dining options, ensuring that visitors have plenty of choices for entertainment and leisure.

Average Home Prices - 8/10

According to Zillow, the median home value in The Greenways as of 2024 is $275,000, representing a modest 2.1% appreciation rate over the past year. This relatively affordable price point, combined with the neighborhood's desirable location and strong rental demand, makes it an attractive option for investors looking to enter the Amarillo market. As the area continues to grow and develop, investors can expect to see steady appreciation and solid rental returns.

Proximity to Work-Related Travel - 7/10

The Greenways' central location within Amarillo makes it a convenient base for those who frequently travel for work. The neighborhood is just a short drive from major employers such as the Baptist St. Anthony's Health System, the Amarillo VA Health Care System, and the Amarillo Civic Center Complex. While not directly adjacent to these destinations, The Greenways' easy access to major highways and transportation routes ensures a relatively smooth commute for business travelers.

X-Factor - 8/10

Its unique blend of suburban tranquility and urban convenience sets The Greenways apart. The neighborhood's well-maintained homes, tree-lined streets, and family-friendly atmosphere create a welcoming environment that appeals to both residents and visitors. At the same time, The Greenways' proximity to Amarillo's vibrant downtown area and its many attractions ensures that guests have easy access to all the excitement and amenities of a larger city. This perfect balance of tranquility and convenience makes The Greenways a highly desirable destination for Airbnb and short-term rental guests.

2. Top Place to Invest in Amarillo, Texas - Wolflin

Wolflin, a vibrant and rapidly growing neighborhood in Amarillo, has emerged as a prime destination for short-term rental investors. With its convenient location, attractive amenities, and strong community spirit, Wolflin offers a unique opportunity for those looking to capitalize on the city's thriving vacation rental market.

Wolflin Airbnb Market Data:

• Average Revenue – $26K per year
• Average Daily Rate – $129.6 per night
• Average Occupancy Rate – 55%
• Average RevPAR – $72

Convenience - 8/10

Situated in the heart of Amarillo, Wolflin boasts exceptional convenience for both residents and visitors alike. The neighborhood is strategically located near major highways, providing easy access to the rest of the city and surrounding areas. Residents can enjoy a wide range of amenities within the community, including grocery stores, pharmacies, and various retail establishments. Additionally, Wolflin is well-served by public transportation, making it easy to navigate without a personal vehicle.

Tourist Attractions - 7/10

While Wolflin is primarily a residential area, it is close to several notable tourist attractions in Amarillo. The Amarillo Museum of Art, which showcases a diverse collection of contemporary and traditional works, is just a short drive away. Visitors can also explore the nearby Amarillo Botanical Gardens, a serene oasis featuring beautifully landscaped gardens and nature trails.

Things to Do - 8/10

Wolflin boasts a diverse array of local amenities and activities that cater to both residents and visitors. The neighborhood is home to several well-maintained parks, including Wolflin Park, which offers walking trails, playgrounds, and picnic areas. Sports enthusiasts can enjoy a variety of recreational facilities, such as the Amarillo Town Club, which features tennis courts, swimming pools, and a fitness center. This makes it a prime location for fitness-focused getaways, which hosts can take advantage of. Additionally, Wolflin is conveniently located near various shopping and dining options, ensuring that visitors have plenty of choices for entertainment and leisure.

Average Home Prices - 7/10

According to Zillow, the median home value in Wolflin as of 2024 is $225,000, representing a modest 2.3% appreciation rate over the past year. While this may be higher than some other neighborhoods in Amarillo, it is important to note that Wolflin's desirable location, strong community, and growing popularity make it an attractive option for investors. As the area develops and attracts new residents, investors can expect to see steady appreciation and solid rental returns.

Proximity to Work-Related Travel - 8/10

Wolflin's central location within Amarillo makes it an ideal base for those who frequently travel for work. The neighborhood is just a short drive from major employers such as the Baptist St. Anthony's Health System, the Amarillo VA Health Care System, and the Amarillo Civic Center Complex. Additionally, the Rick Husband Amarillo International Airport is easily accessible, making it convenient for business travelers and tourists alike.

X-Factor - 9/10

What sets Wolflin apart is its strong sense of community and family-friendly atmosphere. The neighborhood is known for its well-maintained homes, tree-lined streets, and active community associations. Residents take pride in their neighborhood, organizing various events and activities throughout the year and creating a welcoming and inclusive environment for visitors. This tight-knit community spirit, combined with Wolflin's convenient location and amenities, makes it a highly desirable destination for Airbnb and short-term rental guests seeking an authentic and immersive experience.

3. Top Place to Invest in Amarillo, Texas - Plemons-Eakle

Plemons-Eakle, a historic and vibrant neighborhood in the heart of Amarillo, has emerged as a prime destination for Airbnb and short-term rental investors. With its rich cultural heritage, convenient location, and growing popularity among visitors, Plemons-Eakle offers a unique opportunity for those looking to capitalize on the city's thriving tourism industry.

Plemons-Eakle Airbnb Market Data:

• Average Revenue – $26.6K per year
• Average Daily Rate – $130.2 per night
• Average Occupancy Rate – 56%
• Average RevPAR – $73.9

Convenience - 9/10

One of Plemons-Eakle's greatest strengths is its exceptional convenience. The neighborhood is strategically located just minutes from downtown Amarillo, providing easy access to major highways, public transportation, and a wide range of amenities. Residents and visitors alike can enjoy a variety of shopping, dining, and entertainment options within the community, ensuring that everything they need is within reach.

Tourist Attractions - 8/10

While Plemons-Eakle itself is primarily a residential area, it is surrounded by several notable tourist attractions that draw visitors from far and wide. The iconic Cadillac Ranch, a unique public art installation featuring graffiti-covered Cadillacs buried nose-first in the ground, is just a short drive away. Visitors can also explore the nearby Amarillo Museum of Art, which showcases a diverse collection of contemporary and traditional works, or the American Quarter Horse Hall of Fame & Museum, a must-visit destination for equestrian enthusiasts.

Things to Do - 9/10

Plemons-Eakle boasts a diverse array of local amenities and activities that cater to both residents and visitors. The neighborhood is home to several well-maintained parks, including Oliver-Eakle Park, which features a beautiful colored light fountain and ample green spaces for picnicking and relaxation. Additionally, Plemons-Eakle is conveniently located near various shopping and dining options, opening the door for local partnerships and collaborations.

Average Home Prices - 7/10

According to Zillow, the median home value in Plemons-Eakle as of 2024 is $195,000, representing a modest 2.5% appreciation rate over the past year. While this may be higher than some other neighborhoods in Amarillo, it is important to note that Plemons-Eakle's prime location, historic charm, and strong rental demand make it an attractive option for investors. As the area continues to grow and develop, investors can expect to see steady appreciation and solid rental returns.

Proximity to Work-Related Travel - 9/10

Plemons-Eakle's central location within Amarillo makes it an ideal base for those who frequently travel for work. The neighborhood is just a short drive from major employers such as the Baptist St. Anthony's Health System, the Amarillo VA Health Care System, and the Amarillo Civic Center Complex. Additionally, the Rick Husband Amarillo International Airport is easily accessible, making it a great choice for corporate rentals seeking to provide convenient stays for business travelers and tourists alike.

X-Factor - 10/10

What sets Plemons-Eakle apart is its rich history and cultural significance. The neighborhood is named after two prominent figures in Amarillo's early development, William Buford Plemons and Dora Oliver-Eakle, whose contributions to the city's growth and prosperity are celebrated through various landmarks and historical sites. From the beautifully preserved 19th-century architecture to the vibrant community spirit, Plemons-Eakle offers visitors a unique glimpse into Amarillo's past while embracing its modern amenities and attractions. This blend of history and modernity creates a truly one-of-a-kind experience that keeps guests coming back for more.

4. Top Place to Invest in Amarillo, Texas - South Polk

South Polk, a historic and vibrant district in the heart of Amarillo, has emerged as a prime destination for Airbnb and short-term rental investments. With its rich architectural heritage, thriving arts scene, and growing popularity among visitors, South Polk offers a unique opportunity for savvy investors looking to capitalize on the city's burgeoning tourism industry.

South Polk Airbnb Market Data:

• Average Revenue – $24K per year
• Average Daily Rate – $117.2 per night
• Average Occupancy Rate – 56%
• Average RevPAR – $65.3

Convenience - 9/10

One of South Polk's greatest strengths is its exceptional convenience. Situated in the heart of downtown Amarillo, the district is just steps away from a wide range of amenities, including restaurants, shops, and entertainment venues. Visitors can easily explore the area on foot or take advantage of the city's public transportation system, making it an ideal base for those seeking an authentic urban experience.

Tourist Attractions - 8/10

While South Polk is a major attraction, it is surrounded by several notable tourist destinations that draw visitors from far and wide. The nearby Amarillo Museum of Art showcases a diverse collection of contemporary and traditional works, while the Kwahadi Museum of the American Indian offers a fascinating glimpse into the rich cultural heritage of the region's indigenous peoples. The historic Route 66, which runs through the heart of South Polk, is a must-visit for those seeking to experience a piece of Americana.

Things to Do - 9/10

South Polk boasts a diverse array of activities and attractions that cater to a wide range of interests. The district is home to numerous art galleries, boutiques, and locally-owned restaurants, each contributing to the area's unique character and charm. Visitors can enjoy live music performances at venues like the Esquire Jazz Club or catch a show at the historic Amarillo Little Theatre. Additionally, South Polk hosts a variety of local festivals and events throughout the year, ensuring that there is always something new and exciting to experience.

Average Home Prices - 7/10

According to Zillow, the median home value in South Polk as of 2024 is $210,000, representing a modest 2.7% appreciation rate over the past year. While this may be higher than some other neighborhoods in Amarillo, it is important to note that South Polk's prime location, historic charm, and strong rental demand make it an attractive option for investors.

Proximity to Work-Related Travel - 9/10

South Polk's central location within Amarillo makes it an ideal base for those who frequently travel for work. The district is just a short drive from major employers such as the Baptist St. Anthony's Health System, the Amarillo VA Health Care System, and the Amarillo Civic Center Complex. Additionally, the Rick Husband Amarillo International Airport is easily accessible, making it convenient for business travelers and tourists alike.

X-Factor - 10/10

What sets South Polk apart is its rich history and architectural significance. The district is home to numerous beautifully preserved 19th-century buildings, including the iconic Amarillo Building, which has been meticulously restored to its former glory. From the ornate details of the historic homes that have been transformed into rentals to the charming brick-lined streets, South Polk offers visitors a truly unique and immersive experience that transports them back in time. This blend of history and modernity, combined with the district's vibrant arts scene and thriving culinary offerings, creates a truly one-of-a-kind destination that keeps guests coming back for more.

5. Top Place to Invest in Amarillo, Texas - Julian Park

Julian Park, a tranquil and family-friendly neighborhood in Amarillo, has emerged as a prime destination for Airbnb and short-term rental investments. With its serene atmosphere, abundant green spaces, and convenient location, Julian Park offers a unique opportunity for investors seeking to cater to visitors looking for a peaceful retreat within the city.

Julian Park Airbnb Market Data:

• Average Revenue – $26.8K per year
• Average Daily Rate – $138.6 per night
• Average Occupancy Rate – 53%
• Average RevPAR – $74.3

Convenience - 7/10

While Julian Park may not be as centrally located as some other neighborhoods in Amarillo, it still offers good convenience for both residents and visitors. The area is well-connected to major highways, providing easy access to the rest of the city and surrounding areas. Additionally, Julian Park is within a reasonable distance from various amenities, including grocery stores, restaurants, and shopping centers.

Tourist Attractions - 5/10

As a primarily residential area, Julian Park itself does not boast a wide array of tourist attractions. However, the neighborhood's proximity to several parks and recreational areas makes it an appealing destination for visitors seeking outdoor activities and a respite from the hustle and bustle of the city. The nearby Amarillo Botanical Gardens and the Wildcat Bluff Nature Center offer opportunities for hiking, picnicking, and enjoying the natural beauty of the region.

Things to Do - 7/10

Julian Park's greatest strength lies in its abundance of outdoor recreational opportunities and family-friendly amenities. The neighborhood is home to several well-maintained parks, including Julian Park itself, which features walking trails, playgrounds, and picnic areas. The area is conveniently located near various sports facilities, such as the Amarillo Town Club and the Ross Rogers Golf Complex, providing ample opportunities for active pursuits.

Average Home Prices - 8/10

According to Zillow, the median home value in Julian Park as of 2024 is $195,000, representing a modest 2.1% appreciation rate over the past year. This relatively affordable price point, combined with the neighborhood's desirable location and strong rental demand, makes it an attractive option for investors looking to enter the Amarillo market. As the area continues to grow and develop, investors can expect to see steady appreciation and solid rental returns.

Proximity to Work-Related Travel - 6/10

While Julian Park may not be the most convenient location for those frequently traveling for work, it still offers reasonable access to major employers in the area. The neighborhood is situated within a 20-minute drive from the Baptist St. Anthony's Health System, the Amarillo VA Health Care System, and the Amarillo Civic Center Complex. However, the commute may be slightly longer than desired for those attending conventions or events in the heart of downtown.

X-Factor - 8/10

Its unique blend of suburban tranquility and family-friendly amenities sets Julian Park apart. The neighborhood's well-maintained homes, tree-lined streets, and abundant green spaces create a peaceful and welcoming environment that appeals to visitors seeking a respite from the hustle and bustle of city life. Julian Park's proximity to various recreational facilities and outdoor activities makes it an attractive destination for families and those seeking an active lifestyle. As more travelers seek out authentic, nature-oriented experiences, Julian Park's serene setting and abundant amenities are likely to appeal to a growing number of Airbnb and short-term rental guests.