The median home in Canyon, Texas is valued at $288,714, up 1.1% year over year. Typical monthly rent is $1,141, producing a price-to-rent ratio of 21.1x — well above the national average of 18x. Canyon is part of the Amarillo, TX metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$288,714

+1.1%

Rent$1,141/mo

Prices rising — worse for buyers.

Affordability

Enter your income for Canyon.

Income (annual)

Down Payment

$57,743 on $288,714

Example: $75,000 household income. Change it above to see your own.

Stretch34.3% of income

Above 28% but manageable with cuts.

PITI$2,143

P/I34.3%

Afford$236K

Gap-$53K

P&I $1,460Tax $433Ins $250

Renting $1,002/mo cheaper ($1,141 rent)6.50% 30yr, 20% down, county tax + TX ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Texas

Compare Canyon with other housing markets across Texas.

Westlake$3.07M Highland Park$2.85M Westover Hills$2.59M University Park$2.38M Rollingwood$2.25M West Lake Hills$1.99M Bartonville$1.36M Southlake$1.26M

Full Amarillo, TX analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Amarillo, TX metro.

View Amarillo, TX metro

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Canyon, TX