Amarillo, TX
Landlord insurance in Amarillo, Texas
Local rental data and insurance guidance for Amarillo property owners. A quote is not a binder.
Owners who rent out property in Amarillo, Randall County, are working in a market where 40% of occupied homes are rentals. The city counts about 203,729 residents; Texas as a whole has a renter share of 37%.
Census snapshot: Amarillo housing
| Measure | Amarillo | Texas |
|---|---|---|
| Renter-occupied homes | 40% (32,144) | 37% |
| Median owner-occupied home value | $196,900 | $283,800 |
| Median gross rent | $1,092/mo | $1,403/mo |
| Median year structure built | 1973 | 1992 |
| Homes in 2–4 unit buildings | 5% | 5% |
| Single-family homes (detached or attached) | 74% | 67% |
Figures from the U.S. Census Bureau (ACS 2020–2024 five-year estimates; 2024 population estimates).
Setting coverage on a Amarillo rental
Amarillo's median home value, roughly $196,900, gives a rough sense of what rentals here are worth; the state median is $283,800. For insurance, ask for a replacement-cost estimate on your specific building.
If your rental is insured somewhere around Amarillo's median, the closest NAIC benchmark is the $150,000–$199,999 band, where the 2023 Texas dwelling-fire average was $1,438. The all-amounts state figure was $1,226.
Protecting rental income in Amarillo
The Census median gross rent for Amarillo, $1,092 per month, is a reasonable starting point for fair rental value. At that rate, 12 months is about $13,104 per unit.
Building age and underwriting in Amarillo
The median Amarillo home was built around 1973. Rentals from that era may still have original panels, aging supply lines, or roofs on a second or third replacement, which are the details underwriters ask about first.
What Amarillo landlords typically own
Amarillo is mostly single-family, around 74% of units, with 2–4 unit buildings at 5%. Single-family rentals here typically go on a dwelling fire policy.
Amarillo versus other large Texas communities
Houston has a renter share of 58% with homes valued around $277,800 at the median. In San Antonio, 48% of occupied homes are rented and the median value is $235,700. Nearby Dallas reports 58% renter households and a $320,700 median home value, so proportionally more renters than Amarillo. By renter share, Amarillo is number 22 on our list of 30 Texas cities. Buildings with five or more units hold about 18% of Amarillo's homes; those generally need commercial apartment coverage rather than dwelling forms.
Weather and property risks for Amarillo rentals
Typical Texas property risks such as winter freeze events that burst pipes and flash and coastal flooding, which needs separate flood coverage affect owners in Amarillo and the rest of Randall County. Flood and earthquake are excluded from standard dwelling forms and need their own coverage.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Your Amarillo quote checklist
- Current insurer and any losses in five years
- Mortgage company details, if financed
- Desired liability limit and loss-of-rents amount
- Property location in Amarillo and unit count
- When the building went up and when the roof was last replaced
- Occupancy: long-term lease, month-to-month, short-term, or vacant
- Electrical, plumbing, and heating update years
Request a Amarillo landlord quote
Questions from Amarillo rental owners
What share of Amarillo homes are rentals?
About 40% of occupied homes in Amarillo, roughly 32,144 households, are renter-occupied according to the 2020–2024 American Community Survey.
Is landlord insurance required in Amarillo?
Texas law does not require landlord insurance, but lenders usually require property coverage, and many leases, HOAs, and property managers require liability coverage.
What is a typical landlord premium in Amarillo?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Texas dwelling-fire average of $1,226; see our Texas page for the full table.
More landlord pages near Amarillo
Landlord insurance in Texas · Cost by state
Last updated October 15, 2026. Sources and method: how we research.