The housing market in Lubbock, TX County is booming. The median value for homes in the county is $192,500, which is far less than the US median home value of $338,100. Despite this, the one year house appreciation rate in Lubbock County was 15.88%, significantly higher than the 8.27% appreciation rate seen at the national level. This indicates that the market in Lubbock County is performing well and that it is a great place to invest in real estate right now.
The median home cost in Lubbock County is $192,500. Home appreciation the last 10 years has been 79.1%. Home Appreciation in Lubbock County is up 16.2%.
Average Age of Homes
- The median age of Lubbock County real estate is 38 years old
The Rental Market in Lubbock County
- Renters make up 38.7% of the Lubbock County population
- 3.8% of houses and apartments in Lubbock County, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.