Homestead Amarillo: Betenbough's No-HOA Community Near I-40 (2026)

Updated October 31, 2026

Homestead is Betenbough Homes' big west Amarillo community near 34th Avenue and Loop 335, about half a mile off I-40. It's one of the few new-home neighborhoods in Amarillo that advertises no HOA fees. Plans range from compact 2-bedroom Anchor Collection homes around 1,005 square feet to 4-bedroom homes of about 2,660 square feet. As of October 31, 2026, Betenbough advertises Homestead from $214,950, with an estimated payment of about $1,760 a month.

On Homes.com, the Homestead Anchor Collection listing runs $214,950 to $453,250, the widest range of any community on Amarillo's new-construction page. This post covers Homestead only. Our separate Betenbough overview covers the company itself.

Key Takeaways

• Homestead is a Betenbough Homes community near 34th Ave. and Loop 335/Soncy, about half a mile from I-40.
• Betenbough advertises no HOA and an estimated property tax rate of about 1.54% with a homestead exemption.
• Homes start at $214,950. Plans run 2–4 bedrooms, 2–3 baths and 1,005–2,660 sq. ft.
• Homes.com lists the Anchor Collection at $214,950–$453,250. Betenbough lists the ZIP as 79124, while Homes.com uses 79119.
• Betenbough lists Hillside Elementary, Greenways Intermediate, West Plains Junior High and West Plains High School.
• Two parks and a walking trail are planned, and the VA, BSA and Northwest hospitals are within about 5 miles.

Homestead at a Glance

Detail	Homestead
Builder	Betenbough Homes
Starting price	From $214,950 (about $1,760/mo estimated by the builder)
Homes.com range	$214,950 – $453,250 (Anchor Collection listing)
Bedrooms / baths	2–4 bd / 2–3 ba
Square feet	1,005 – 2,660
HOA	None advertised
Estimated tax rate	About 1.54% with homestead exemption (builder estimate)
Location	Near 34th Ave. and Loop 335/Soncy; half a mile from I-40
ZIP	79124 (Betenbough) / 79119 (Homes.com)

Sources: Betenbough Homestead, Betenbough Community Spotlight, Homes.com. Viewed October 31, 2026.

Why "No HOA" Matters, and What It Means

Most new production neighborhoods in Amarillo have an HOA. Homestead doesn't advertise one, and for many buyers that means:

• Lower monthly costs, with no dues or special assessments added to your payment.
• More flexibility with parking, paint colors and yard choices, within city code and any deed restrictions.
• The trade-off: there's no association enforcing upkeep across the neighborhood or maintaining shared amenities. Ask Betenbough who will maintain the planned parks and trail, and get a copy of the recorded deed restrictions.

Estimating Property Taxes in Homestead

Betenbough estimates the Homestead tax rate at about 1.54% with a homestead exemption. Here's a rough way to read that number:

Purchase price (example)	Annual taxes at about 1.54%	Monthly equivalent
$214,950	About $3,310	About $276
$275,000	About $4,235	About $353
$350,000	About $5,390	About $449

Illustration only. Your bill depends on the appraised value, exemptions, and the taxing units for your lot. In your first year, the bill may be based on lot-only value. Check with the Potter-Randall Appraisal District.

Plans and Collections in Homestead

Homestead offers two Betenbough product lines:

• Anchor Collection: about 1,000–1,300 square feet, 2–3 bedrooms, 2 baths and a 1-car garage (Anchor Collection plans). These homes are built for first-time buyers, downsizers and investors.
• Heritage Collection: larger 3–4 bedroom plans up to about 2,660 square feet for families who need more space.

Realtor.com's community page showed about 58 move-in ready and 43 to-be-built listings when we checked (Realtor.com Homestead). That's plenty of choice, and plenty of competing inventory if you ever resell while the builder is still active.

Location: West Amarillo Near I-40

Homestead's location near 34th and Loop 335/Soncy is one of its strongest selling points. You're roughly half a mile from I-40, and Betenbough says the Thomas E. Creek VA Medical Center, BSA Hospital and Northwest Texas Hospital are all within about five miles. That's useful for medical professionals, veterans who use VA services, and anyone who commutes by interstate. Soncy Road shopping and restaurants are a short drive away, and Betenbough says two parks and a walking trail are planned inside the community.

Schools

Level	School (per Betenbough)
Elementary	Hillside Elementary
Intermediate	Greenways Intermediate
Junior high	West Plains Junior High
High school	West Plains High School

Confirm the zone for your address with the school district and check ratings on TXschools.gov.

Homestead in the Amarillo Market

Amarillo new-construction metric (Homes.com)	Figure
Average new home price (last 12 months)	$352,607
Median detached new home price	$338,222
Median 3-bedroom new home price	$300,950
Median 4-bedroom new home price	$383,280
Average new home price per square foot	$194
New construction homes planned	1,766
New home communities tracked	13
Homebuilders active in those communities	6

Source: Homes.com "New Construction Home Trends" for Amarillo, TX, viewed October 31, 2026. Figures update frequently.

Homestead's $214,950 starting price is about $123,000 below Amarillo's median detached new-home price. With entry-level homes, no HOA, and quick interstate access, it attracts a wide range of buyers.

Warranty Coverage

Betenbough Homes uses a comprehensive two-year express warranty instead of the one-year workmanship coverage most builders give. Its warranty guide says it covers "everything we installed in the home," parts and labor, for two years, excluding neglect, improper maintenance, or abuse. Structural elements are covered for ten years from closing through the third-party 2-10 Home Buyers Warranty. The warranty team schedules a 30-day orientation and an 11-month check-up, and coverage transfers automatically if you sell during the two-year period (Betenbough warranty guide, PDF). Structural claims have strict reporting deadlines and an investigation fee that is refunded if the defect is covered, so read that section closely.

For context, Homes.com's Amarillo new-construction FAQ says most builders provide a 1-year workmanship warranty, a 2-year systems warranty, and a 10-year structural warranty. Treat that as the baseline you compare each builder against.

Who Homestead Fits

• Healthcare workers and veterans who want to be near the VA, BSA and Northwest.
• First-time buyers using Betenbough's low- and $0-down lending options.
• Buyers who don't want an HOA.
• Investors looking at Anchor Collection homes as rentals with a 2-year builder warranty.

Watch-outs: with this much new inventory, early resale can be harder while the builder is still selling. Ask about planned future phases, commercial zoning nearby, and when the parks will be finished.

Step by Step: How to Buy New Construction in Homestead

1. Get preapproved and compare loan types. Ask about FHA, VA, USDA where eligible, and conventional loans. Then compare Betenbough's lending options with an outside lender.
2. Register your agent at Betenbough's sales center. The Amarillo sales center is at 8780 Heritage Hills Pkwy. Register your agent before you tour Homestead homes.
3. Decide: Anchor or Heritage Collection. Write down what you need for bedrooms, garage space, and yard, and how long you plan to stay.
4. Tour move-in ready homes on the ground. Look at lot orientation, how close the home is to the highway, and where the parks and future phases will go.
5. Verify taxes and deed restrictions. Use PRAD to confirm taxing units, and read the recorded restrictions even though there's no HOA.
6. Negotiate within the incentive. Ask what the current offer covers, such as closing costs, rate buydowns or upgrades, and get it in writing.
7. Inspect and document. Schedule an independent final inspection and go to the 30-day and 11-month warranty appointments.
8. File your homestead exemption. File with PRAD after you move in so the estimated tax rate applies.

Frequently Asked Questions About Homestead

Does Homestead in Amarillo have an HOA?

Betenbough advertises no HOA fees for Homestead. Ask for the recorded deed restrictions, which still apply.

How much are homes in Homestead Amarillo?

As of October 31, 2026, Betenbough advertises homes from $214,950. Homes.com lists the Anchor Collection range as $214,950 to $453,250.

What schools serve Homestead?

Betenbough lists Hillside Elementary, Greenways Intermediate, West Plains Junior High and West Plains High School. Verify your address with the district.

Where is Homestead located?

Near 34th Avenue and Loop 335/Soncy in west Amarillo, about half a mile from I-40. Betenbough lists ZIP 79124, and Homes.com lists 79119.

What is the property tax rate in Homestead?

Betenbough estimates about 1.54% with a homestead exemption. Your actual bill depends on your appraisal and taxing units.

What warranty comes with a Betenbough home in Homestead?

A comprehensive two-year express warranty on what Betenbough installed, plus ten years of structural coverage through 2-10 Home Buyers Warranty.

Related Reading

• Tradewind Airpark Amarillo: 1- and 2-Bedroom New Homes Guide
• Heritage Hills Amarillo New Homes: 2026 Builder-by-Builder Guide
• Beacon Pointe New Homes in Amarillo: 2026 Community Guide
• Amarillo New Construction Communities: Complete 2026 Guide

Sources

• Homes.com – New Construction Homes in Amarillo, TX (community listings and New Construction Home Trends, viewed Oct. 31, 2026)
• Betenbough Homes – Homestead community page
• Betenbough Homes – Community Spotlight: Homestead
• Betenbough Homes – Anchor Collection floor plans
• Betenbough Homes – Comprehensive Two-Year Express Home Warranty guide (PDF)
• Realtor.com – Homestead community detail
• Potter-Randall Appraisal District
• Texas Education Agency – TXschools.gov accountability ratings

Disclaimer: This article is for general informational purposes only and is not legal, tax, lending, or financial advice. Prices, incentives, floor plans, available homes, HOA details, and school assignments come from builder websites and Homes.com as of October 31, 2026. They change often and can differ by homesite, so confirm them with the builder before relying on them. Builder-advertised incentives usually require a preferred lender and have deadlines. School ratings and attendance zones can change, so verify them with the school district and the Texas Education Agency. Property taxes depend on your appraisal, exemptions, and taxing units. Check them with the Potter-Randall Appraisal District. OnDemand Realty is not affiliated with any builder named here, and this is not a paid endorsement. Images are illustrative AI-generated renderings, not photos of the community.

Considering Homestead?

OnDemand Realty represents buyers on new construction at no added cost in most builder sales and can help you compare Homestead with other west Amarillo options. Visit www.ondemandamarillo.com to search new construction and resale homes across Amarillo, Canyon, and the Texas Panhandle, or to get a free home value estimate before you make your move.