Lubbock, TX Housing Market: Home Prices & Rent
Lubbock, TX home values since 2000
Last few years
Rent in Lubbock, TX
Owning vs renting, monthly
Buying the typical Lubbock, TX home with 20% down at this week's 7.32% 30-year rate costs about $1,432/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,330/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Lubbock, TX vs Texas vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $212k | +2.5% | $1,330/mo |
| Texas | $296k | -1.4% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Lubbock, TX?
No - the typical Lubbock, TX-area home value is up 2.5% over the past 12 months, at $212k (September 2026).
Is the Lubbock, TX housing market crashing?
Home values are close to their 2020s high and up 2.5% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Lubbock, TX?
Typical rent in the Lubbock, TX metro is $1,330 a month (September 2026), +1.7% over 12 months.
How much income do you need to buy a home in Lubbock, TX?
About $69k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Dallas, TX · Houston, TX · San Antonio, TX · Austin, TX · McAllen, TX · El Paso, TX · Jackson, MS · Victoria, TX · Abilene, TX · Corpus Christi, TX
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Lubbock, TX metro area. How we calculate.