Amarillo is the 14th-most populous city in the state of Texas, in the United States. It is also the largest city in the Texas Panhandle, and the seat of Potter County. A portion of the city extends into Randall County. The estimated population was 279,200 as of 2018. The Amarillo metropolitan area has an estimated population of 276,020 in four counties as of 2017. However, in 2020, the projected population for the city is projected to surpass 310,000.
Amarillo, originally named Oneida, is situated in the Llano Estacado region. The availability of the railroad and freight service provided by the Fort Worth and Denver City Railroad contributed to the city's growth as a cattle-marketing center in the late 19th century.
The city was once the self-proclaimed "Helium Capital of the World" for having one of the country's most productive helium fields. The city is also known as "The Yellow Rose of Texas" (as the city takes its name from the Spanish word for yellow), and most recently "Rotor City, USA" for its V-22 Osprey hybrid aircraft assembly plant, as well as "Bomb City". Amarillo operates one of the largest meat-packing areas in the United States. Pantex, the only nuclear weapons assembly and disassembly facility in the country, is also a major employer. The location of this facility also gave rise to the nickname Bomb City. The attractions Cadillac Ranch and Big Texan Steak Ranch are located adjacent to Interstate 40. U.S. Highway 66 also passed through the city.
A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Amarilo, Texas. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!
The national average total real estate commission in 2015 was 5.26% *
In Amarilo, Texas, you will find the following real estate commissions charged*:
Typical Asking Commission: 6.0%
Competitive Commission: 5.0%-5.5%%
Very Competitive Commission: 4.5%-4.99%
The median existing single-family home price in the South rose 6.7%, to $229,400, in the second quarter of 2017 compared to the the second quarter of 2016. Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:
In the State of Texas, median home prices are as follows*:
|Metro Area||Median Sales Price||% of Annual Change|
|Houston-The Woodlands-Sugar Land||$235,600||8.40%|
|San Antonio-New Braunfels||$222,600||5.70%|
Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home. In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).
In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent. Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”. This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client. This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).
When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.
At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business. These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm. This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Texas.
Sellers who are also buying a home in the same local market have a volume discount advantage. ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home. Be sure to check the box that you are also buying a home locally to receive these better rates.
Click here to see your savings in just 24 hours…
At the 2010 Census, there were 190,695 people residing in Amarillo, an increase of 9.8% since 2000.
According to the 2010 Census, 59.7% of the population was Non-Hispanic White, 6.3% Black or African American, 0.5% American Indian and Alaska Native, 3.1% Asian, 0.1% from some other race (non-Hispanic) and 1.5% of two or more races (non-Hispanic). 28.8% of Amarillo's population was of Hispanic, Latino, or Spanish origin (they may be of any race).
There were 67,699 households out of which 33.9% had children under the age of 18 living with them, 50.6% were married couples living together, 12.8% had a female householder with no husband present, and 32.4% were non-families. Of 67,699 households, 2,981 were unmarried partner households: 2,713 heterosexual, 82 same-sex male, and 186 same-sex female. 27.7% of all households were made up of individuals and 9.9% had someone living alone who was 65 years of age or older. The average household size was 2.53 and the average family size was 3.10.
The age distribution of the city was as follows: 27.9% of the population was under the age of 18, 10.2% from 18 to 24, 28.8% from 25 to 44, 20.5% from 45 to 64, and 12.6% who were 65 years of age or older. The median age was 34 years. For every 100 females there are 92.4 males. For every 100 females age 18 and over, there were 88.5 males.
The median income for a household in the city was $34,940, and the median income for a family was $42,536. Males had a median income of $31,321 versus $22,562 for females. The per capita income for the city was $18,621. About 11.1% of families and 14.5% of the population were below the poverty line, including 19.6% of those under age 18 and 9.3% of those age 65 or over.
Amarillo is considered the regional economic center for the Texas Panhandle as well as Eastern New Mexico and the Oklahoma Panhandle. The meat packing industry is a major employer in Amarillo; about one-quarter of the United States' beef supply is processed in the area. The city is also the location of headquarters for the Texas Cattle Feeders Association. Petroleum extraction is also a major industry. The helium industry has decreased in significance since the federal government privatized local operations in the late 1990s. Bell Helicopter Textron opened a helicopter assembly plant near the city's international airport in 1999.
The city's largest employer in 2005 is Tyson Foods, with 3,700 employees. The Amarillo Independent School District is next with 3,659 employees followed by BWXT Pantex, Baptist St. Anthony's Health Care System, City of Amarillo, Northwest Texas Healthcare System, Amarillo College, Wal-mart, and United Supermarkets. Other major employers include Bell Helicopter Textron, Owens-Corning, and ASARCO.
Approximately 14 million acres (57,000 km2) of agricultural land surrounds the city with corn, wheat, and cotton as the primary crops. Other crops in the area include sorghum, silage, hay, and soybeans. The Texas Panhandle, particularly in Hereford, Texas, serves as a fast-growing milk producing area as several multimillion-dollar state of the art dairies were built in early 2000s.
The Amarillo Economic Development Corporation (AEDC) is funded by a city sales tax, and it provides aggressive incentive packages to existing and prospective employers. In the mid-to-late 1990s, the AEDC gained notoriety by sending mock checks to businesses across the country, placing full-page advertisements in The Wall Street Journal, and paying an annual $1 million subsidy to American Airlines to retain jet service. The AEDC is largely responsible for bringing Bell Helicopter Textron's development of the V-22 Osprey hybrid aircraft and the future site of Marine One assembly in Amarillo.