Cost of Living,
Lubbock's Real Estate Market
Lubbock Metro Area
Profile: Small city Location: Southern edge of Texas Panhandle Elevation: 3241 Time zone: Central Standard Time
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Lubbock is the commercial, educational and cultural center for the southern part of the Texas Panhandle known as the South Plains. The economic base is a mix of industry, agriculture, government, and healthcare. There is a small high tech industry but most employment is provided by agriculture-related businesses, healthcare and education.
The 28,000-student Texas Tech University provides a strong economic and cultural influence, and a college-town element with more than the usual nightlife and live music. The isolated location is 120 miles from the nearest metro area (Amarillo) and 320 miles from the Dallas and Fort Worth metroplex. The flat, monotonous landscape outside of town offers little to do. Cost of living and housing are low. Discount air service is very important to Lubbock residents.
Lubbock is located in the South Plains region, which is predominantly flat but with numerous dry stream valleys. The climate is semiarid and transitional between desert conditions to the west and humid climates to the east. Summer temperatures are pleasant with low humidity on the hottest days; tropical air invades occasionally bringing heavy afternoon thunderstorms. Winters are variable and can become cold due to altitude and northerly cold-air invasions. Snowfall is generally light and unlikely to remain on the ground beyond a few days. Prolonged, sometimes dusty winds in excess of 25 mph may occur in late winter and spring. First freeze is early November, last is late April.
Interesting Facts about Lubbock, Texas
As of 2014, Lubbock's population is 229,428 people. Since 2000, it has had a population growth of 14.17 percent.--------------------
The median home cost in Lubbock is $108,400. Home appreciation the last year has been 3.50 percent.--------------------
Compared to the rest of the country, Lubbock's cost of living is 15.60% Lower than the U.S. average.--------------------
Lubbock public schools spend $10,864 per student. The average school expenditure in the U.S. is $12,435. There are about 13.3 students per teacher in Lubbock.--------------------
The unemployment rate in Lubbock is 3.40 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Lubbock jobs have Increased by 2.29 percent.
Ranked #99 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #120 2005 Best Places to Live
Ranked #254 Best Green Cities
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Average Commute time is 15 minutes. The National Average is 25 minutes.--------------------
Lubbock's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes