The story of this market
The typical home in Lubbock, Texas sells for about $245,000, or $145 per square foot.
Prices are down 1.98% from a year ago, which gives buyers more room to negotiate. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,400 a month.
Monthly price momentum
Home values since 2015
+1.1%
TX · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Lubbock, Texas
The Lubbock housing market is showing signs of stabilization after a period of rapid growth, with inventory levels rising and price appreciation cooling. While the market remains accessible compared to larger Texas metros, the soft rental sector and high interest rates are tempering buyer enthusiasm. Overall, the city's strong institutional anchors continue to provide a solid foundation for long-term demand.
9 verified foreclosure posting(s) on the ARED county ledger attributed to Lubbock across its counties. Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).
Deterministic aggregate of 14 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 0.7% year over year.
Homes spend a median of 53 days on market with 3.7 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 97.21% of asking — demand is running ahead of supply.
9 foreclosure-ledger notices — 0.3 per 10,000 residents · unemployment 4.2% · poverty 18.9% — a stable, low-distress profile.
- Blazing Bouncers / Arcave4.56.6 mi
- Adventure Park4.13.8 mi
- MaxxAir Trampoline Park4.26.3 mi
- Chuck E. Cheese3.95.5 mi
- Water Rampage3.66.8 mi
- United Supermarkets Arena4.71.8 mi
- Galaxy Stadium4.71.1 mi
- Lubbock Memorial Civic Center4.70.4 mi
- Golden Corral Buffet & Grill45.1 mi
- Science Spectrum & OMNI Theater4.64.1 mi
- Cinemark Tinseltown Lubbock and XD4.54.7 mi
- Lubbock Premiere LUX 16 IMAX and Pizza Pub4.45.1 mi
- Main Event Lubbock4.25.7 mi
- Science Spectrum & OMNI Theater4.64.1 mi
- Blazing Bouncers / Arcave4.56.6 mi
- Science Spectrum & OMNI Theater4.64.1 mi
- Museum at Texas Tech University4.71.8 mi
- National Ranching Heritage Center4.81.7 mi
- Buddy Holly Center4.60.8 mi
- American Windmill Museum4.81.8 mi
- Buffalo Springs Lake48.3 mi
- Prairie Dog Town4.61.6 mi
- Mackenzie Main City Park4.51.2 mi
- Mae Simmons Park4.52 mi
- Maxey Park4.52.8 mi
- Meadowbrook Golf Club3.61.7 mi
- The Rawls Course4.62.5 mi
- Shadow Hills Golf Course4.25.2 mi
- Hillcrest Golf & Country Club4.54 mi
- Reese Golf Center3.89.9 mi
- South Plains Mall4.25.1 mi
- T.J. Maxx4.34.9 mi
- Marshalls & HomeGoods4.45.4 mi
- Burlington4.16 mi
- La Super Economica Meat Market4.31.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major research university that serves as the city's primary economic and cultural anchor, hosting sports events and academic programs.
One of the city's largest parks, featuring trails, picnic areas, and the Joyland Amusement Park site, serving as a central hub for outdoor recreation.
The primary regional shopping destination, housing major retailers and dining options that serve the entire South Plains area.
A public garden and educational space that provides residents with a quiet, natural retreat and botanical learning opportunities.
Lubbock is an ideal fit for families seeking affordability, university employees, and students, as well as investors looking for steady rental demand. The city offers a balanced lifestyle with a low cost of living, making it attractive for those who prioritize value and community access.
The city is primarily served by Lubbock ISD, which offers a diverse range of educational programs including magnet schools and specialized career academies. School quality varies by neighborhood, with several campuses receiving high marks for academic performance and extracurricular engagement.
The city is served by a network of highways, including Loop 289 and the Marsha Sharp Freeway, which facilitate efficient cross-town travel. Public transit is provided by Citibus, though the city remains heavily reliant on personal vehicle transportation.
Lubbock offers a variety of recreational amenities, including the extensive park system, the Lubbock Memorial Arboretum, and numerous golf courses. The city's cultural scene is anchored by Texas Tech University, providing residents with access to museums, sports venues, and performing arts.
The rental market in Lubbock is currently characterized by soft conditions, with vacancy rates elevated due to a steady supply of new multi-family units. Rent growth has stabilized as landlords compete for tenants in a market with significant inventory depth.
Lubbock's economy is anchored by education, healthcare, and agriculture, with Texas Tech University serving as the largest employer. The city maintains a stable economic base with ongoing efforts to diversify into technology and manufacturing sectors.
Lubbock serves as the economic and medical hub for the South Plains, with significant momentum driven by Texas Tech University and a robust healthcare sector. Infrastructure expansion, particularly along the outer loops, continues to support new residential and commercial development.
Development is currently focused on the expansion of the Milwaukee Avenue corridor and continued revitalization efforts in the downtown district. These projects aim to increase housing density and commercial activity in key growth areas.
Parcels in Lubbock are subject to various special districts, including school districts, hospital districts, and municipal utility districts that provide essential services and infrastructure funding.
Lubbock experiences crime rates that are generally higher than the national average, with property crime being the most prevalent concern. Local law enforcement continues to focus on community-based policing strategies to address these trends.
The region is prone to severe weather events, including high winds, occasional hail, and dust storms, which influence local building codes and insurance premiums. Flood risk is generally low due to the flat topography of the Llano Estacado, though localized drainage issues can occur.
Property insurance premiums in Lubbock are influenced by the region's exposure to severe weather, including wind and hail, leading to higher-than-average costs for homeowners.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov and Census Reporter profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.