Lubbock, TX housing market
The typical Lubbock home is worth about $212,000, up 2.1% in a year, 29% below the Texas typical home. Homes typically sell in 42 days.
Home values, sales, trends and how Lubbock compares with the towns next door — updated as new data is published.
Lubbock at a glance
A seller's market
Supply is tight — about 2.9 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Lubbock | Texas |
|---|---|---|
| 2017 | $146,000 | $190,000 |
| 2018 | $158,000 | $202,000 |
| 2019 | $163,000 | $214,000 |
| 2020 | $157,000 | $223,000 |
| 2021 | $171,000 | $242,000 |
| 2022 | $193,000 | $286,000 |
| 2023 | $213,000 | $313,000 |
| 2024 | $212,000 | $311,000 |
| 2025 | $209,000 | $311,000 |
| 2026 | $210,000 | $303,000 |
| August 2026 | $212,000 | $299,000 |
2,382 new homes permitted in 2025
Builders were permitted 2,382 new homes in Lubbock in 2025: 1,561 single-family houses and 821 in buildings with two or more homes, worth about $640.6 million to build. That's 9 per 1,000 residents, about the pace of Texas as a whole. Over the past 10 years, Lubbock has permitted 24,156 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Lubbock gained 27,568 residents while 18,104 new homes were permitted: about 1.5 new residents per new home. Building and growth moved roughly in step. Across Texas: 2.6 new residents per new home.
How Lubbock ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1,351 | 992 | 359 | $332 million |
| 2025 | 2,382 | 1,561 | 821 | $640.6 million |
| 2024 | 1,852 | 1,570 | 282 | $476.5 million |
| 2023 | 2,193 | 1,635 | 558 | $463.5 million |
| 2022 | 2,946 | 2,036 | 910 | $570.8 million |
| 2021 | 3,131 | 2,454 | 677 | $649.1 million |
| 2020 | 3,600 | 1,825 | 1,775 | $547.9 million |
| 2019 | 2,086 | 1,403 | 683 | $363.7 million |
| 2018 | 1,330 | 1,304 | 26 | $296.6 million |
| 2017 | 2,230 | 1,455 | 775 | $406.4 million |
| 2016 | 2,406 | 1,193 | 1,213 | $414.5 million |
| 2015 | 1,771 | 889 | 882 | $290.1 million |
| 2014 | 2,049 | 888 | 1,161 | $275.2 million |
| 2013 | 1,977 | 938 | 1,039 | $276.4 million |
| 2012 | 1,412 | 697 | 715 | $219 million |
| 2011 | 1,444 | 629 | 815 | $165.7 million |
| 2010 | 1,399 | 844 | 555 | $211.8 million |
| 2009 | 972 | 727 | 245 | $160.2 million |
| 2008 | 1,430 | 929 | 501 | $206 million |
| 2007 | 1,222 | 880 | 342 | $179.7 million |
| 2006 | 1,391 | 1,123 | 268 | $196 million |
| 2005 | 1,619 | 1,129 | 490 | $210.3 million |
| 2004 | 3,586 | 1,204 | 2,382 | $274.1 million |
| 2003 | 2,908 | 1,316 | 1,592 | $271.2 million |
| 2002 | 1,807 | 1,281 | 526 | $176.2 million |
| 2001 | 1,678 | 941 | 737 | $142.5 million |
| 2000 | 865 | 755 | 110 | $85.7 million |
How Lubbock ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.5 years of income
The typical Lubbock home costs about 3.5 years of the town's median household income, less than across Texas (3.8 years).
How Lubbock ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,170
HUD's Fair Market Rent for a two-bedroom in Lubbock is $1,170 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Lubbock pay a median of $1,182. A two-bedroom takes about 23% of the town's median household income.
Studio $820 · 4 bedrooms $1,920
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (79403, 79404, 79407, 79412, 79413, 79414 and 4 more; Lubbock, TX HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.