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.
See the full metro analysis: Amarillo, TX stress score, crash risk, and 12-month forecast →
Home Value$288,714
+1.1%
Rent$1,141/mo
AFFORDABILITYRenting $1,002/mo cheaper ($1,141 rent)6.50% 30yr, 20% down, county tax + TX ins. 28% per HUD.
Enter your income for Canyon.
$57,743 on $288,714
Stretch — 34.3% of income
Above 28% but manageable with cuts.
PITI$2,143
P/I34.3%
Afford$236K
Gap-$53K
P&I $1,460Tax $433Ins $250
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Texas
Compare Canyon with other housing markets across Texas.
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 →