Lubbock
Texas · Ranked #125 of 373 metros
84Affordable
💡
Housing in Lubbock costs 3.58× the median income, below the national average of 4.5×. The median home price is $205K and median rent is $1,149/month. Lubbock ranks #125 of 373 metros for affordability.
Median Home Price
🏠$205K
Need $60K income
Median Rent
🔑$1,149
Need $46K income
Building Permits
🔨2,223
annual
Median Income
💰$57K
Pop: 362,369
Rent Burden
⚠️25.6%
of renters paying >30%
Homeownership
🏡54.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Lubbock | National |
|---|---|---|
| Price-to-Income Ratio | 3.58x | 6.1x |
| Rent Burden | 25.6% | 31.5% |
| Homeownership Rate | 54.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +42.8%Since 2000: +154.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$818/mo
1 Bedroom$990/mo
2 Bedroom$1,175/mo
3 Bedroom$1,634/mo
4 Bedroom$1,940/mo
Zillow Market Data
Home Value (ZHVI)
$208K
1yr: +0.7%5yr: +21.8%
Rent (ZORI)
$1,390/mo
1yr: +1.0%5yr: +17.6%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$99K
Active Inventory
126
Days on Market
76
Sold Above List
0.0%
Price Drops
15.1%