Why Live in Canyon
Canyon, Texas, located in the Texas Panhandle, is a small city known for its blend of natural beauty and community spirit. The city is named after the nearby Palo Duro Canyon, the second-largest canyon in the United States, which is 12 miles away and offers camping, hiking, biking, and horseback riding. Canyon’s population has grown to approximately 16,000, driven by employment opportunities at West Texas A&M University, which attracts 9,000 students annually and is renowned for its business programs and alternative energy research. The university also houses the Panhandle-Plains Historical Museum, the largest history museum in Texas. Canyon Independent School District, rated A by Niche, serves the city, with Canyon High School offering specialized career academies. New housing developments like Spring Canyon and Clifton Ridge feature custom homes, reflecting the city’s growth. The Texas Historical Commission recognized Canyon’s “Main Street” district, which includes 23rd Street and Fourth Avenue, for its vibrant local businesses and restaurants. Canyon is about 20 miles from downtown Amarillo, connected via Interstate 27. The Canyon Police Department has reported a significant decline in crime rates between 2021 and 2023, making it safer than the national average. The area experiences extreme weather, including hot summers, cold winters, high winds, tornadoes, severe thunderstorms, and flash flooding.
Home Trends in Canyon, TX
On average, homes in Canyon, TX sell after 52 days on the market compared to the national average of 70 days. The median sale price for homes in Canyon, TX over the last 12 months is $425,000, up 21% from the median home sale price over the previous 12 months.
Median Sale Price
$425,000
Median Single Family Sale Price
$485,000
Average Price Per Sq Ft
$212
Number of Homes for Sale
26
Last 12 months Home Sales
158
Median List Price
$462,493
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
21%