Why Live in Olsen
Olsen, a neighborhood in southwest Amarillo, features mid-20th-century homes and rolling hills, contrasting with the flat prairie typical of the region. The area includes ranch, cottage, and split-level homes, ranging from 1,000 to 3,000 square feet, on well-maintained lots with mature trees. Part of the highly rated Amarillo Independent School District, the neighborhood includes Olsen Park Elementary, Crockett Middle, and Amarillo High, known for its International Baccalaureate Program and strong fine arts and athletic programs. Olsen Park Elementary is adjacent to Olsen School Park, which offers a playground, walking path, and sports courts. The neighborhood also benefits from bike lanes on Olsen Boulevard and Harmony Street.
Located about 6 miles from downtown Amarillo and 12 miles from Rick Husband Amarillo International Airport, Olsen is surrounded by multiple shopping centers, including Westgate Mall, less than 3 miles away, featuring over 100 stores. Dining options include Blue Sky, known for its burgers and fries, and Tyler’s Barbeque, a top-rated spot in Texas Monthly. Despite its proximity to Interstate 40, which contributes to higher noise levels on the outskirts, the neighborhood maintains a vibrant community atmosphere with events like the annual Fourth of July Parade centered around Olsen Park Elementary.
Safety in Olsen is comparable to the national average, and the neighborhood is home to several places of worship, including Saint Paul Methodist and Temple B’nai Israel. While Amarillo's severe weather, such as extreme heat and high winds, is a consideration, Olsen does not face significant flood risks. The Northwest Texas Healthcare System, a notable teaching hospital, is located 3 miles north, providing essential medical services to the community.
Frequently Asked Questions
Is Olsen a good place to live?
Olsen is a good place to live. Olsen is considered car-dependent and somewhat bikeable with minimal transit options. Olsen is a neighborhood with a crime score of 4, on par with the average neighborhood in the U.S. Olsen has 2 parks for recreational activities. It has a median age of 36. The average household income is $83,923 which is below the national average. College graduates make up 37.3% of residents. A majority of residents in Olsen are home owners, with 34.3% of residents renting and 65.7% of residents owning their home. A
local real estate agent serving Olsen can help you decide if this neighborhood is the right one for you. Learn more on our
Olsen neighborhood guide.
Is Olsen, TX a safe neighborhood?
Olsen, TX is a safe neighborhood and is on par with the average neighborhood in the United States. It received a crime score of 4 out of 10.
How much do you need to make to afford a house in Olsen?
The median home price in Olsen is $299,900. If you put a 20% down payment of $60,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,550 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $66K a year to afford the median home price in Olsen. The average household income in Olsen is $84K.
What are the best public schools in Olsen?
The best public schools that serve Olsen are:
What are the best private schools in Olsen?
The best private schools that serve Olsen are:
What are the most popular zip codes in Olsen, Amarillo, TX?
What are the most popular neighborhoods near Olsen, Amarillo, TX?
Home Trends in Olsen, TX
On average, homes in Olsen, Amarillo sell after 101 days on the market compared to the national average of 70 days. The median sale price for homes in Olsen, Amarillo over the last 12 months is $259,900, down 2% from the median home sale price over the previous 12 months.
Median Sale Price
$259,900
Median Single Family Sale Price
$324,900
Median Townhouse Sale Price
$180,000
Median 2 Bedroom Sale Price
$259,900
Average Price Per Sq Ft
$196
Number of Homes for Sale
11
Last 12 months Home Sales
40
Median List Price
$299,900
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-2%