Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$212,331+2.5% YoY · prices are rising
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 16% have cut their price
Income needed to buy, per year$46,029About 0.7× the local median income ($64,234): affordable for a typical household
Days on market54 daysFaster than a year ago: sellers have the edge
Next 12 months+0.5%Zillow expects prices to stay about flat
The typical home in Lubbock, TX is worth $212,331, up 2.5% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $218,665, so the area is 2.9% undervalued. It is a balanced market, leaning toward sellers: homes take about 54 days to sell, listings are down 4% from a year ago, 16% of listings have had a price cut. Zillow expects prices to rise about 0.5% over the next year. A household needs about $46,029 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,234. Typical rent is $1,330 a month, or $1,489 for a house. In the latest IRS figures, 558 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$212,331
Change in 1 year
+2.5%
Overvalued %
−2.9%
Show 7 more
Fair home value
$218,665
Change in 5 years
+13.1%
Zillow forecast, next 12 months
+0.5%
Home value to income
3.3×
Monthly mortgage payment (20% down)
$1,151
Income needed to afford it
$46,029
Property tax rate
1.48%
Rent and investing
Typical rent
$1,330
Typical rent for houses
$1,489
Price-to-rent ratio
13.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,221
Gross rental yield
7.51%
Cap rate (estimate)
4.88%
Market activity
Listings vs a year ago
−4.2%
Days on market
54
Listings with a price cut
15.8%
Show 3 more
Homes for sale
1,667
Pending sales per 100 listings
31
Asking price per sq ft
$137
People and jobs
Median household income
$64,234
Population change (1 year)
+1.0%
Unemployment rate
5.0%
Show 4 more
Population
368,431
Income adjusted for cost of living
$70,355
Net moves in (IRS)
+558
Cost of living (US = 100)
91.3
Schools, risk and environment
School rating (1 to 10)
6.4
FEMA hazard risk score (0 to 100)
89.9
Unhealthy air days a year
2
Show 4 more
Flood risk score
83.9
Wildfire risk score
84.6
Walkability (1 to 20)
7.8
Road, rail and air noise
54 dB
Questions people ask
Is Lubbock, TX overvalued?
Home prices in Lubbock, TX are slightly below what local incomes have historically supported: fair value is about $218,665, so the area is 2.9% undervalued.
Is Lubbock, TX a buyer's or seller's market?
Lubbock, TX is a balanced market, leaning toward sellers: homes take about 54 days to sell, listings are down 4% from a year ago, 16% of listings have had a price cut.
Are home prices going down in Lubbock, TX?
Home values in Lubbock, TX are up 2.5% over the last year. Zillow's forecast for the next 12 months is +0.5%.
How much do you need to earn to buy a home in Lubbock, TX?
A household needs about $46,029 a year to afford the typical home in Lubbock, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,234.