Lubbock, Texas

Ranked 3rd for best city for remote workers

Lubbock doesn’t often come to mind when picturing major cities across the United States, however its large acreage, upswing in the job market, boosted healthcare, and enormous college presence make it an ideal home for first-time buyers and seasoned homeowners. The city of Lubbock covers 122.41 square miles of land. Lubbock County covers 895 square miles. It is one of the most scenic areas in Texas with two stateparks located in relatively close vicinity—Palo Duro Canyon and Caprock Canyon. Palo Duro Canyon is second largest canyon in the U.S., only outsized by the Grand Canyon.

Lubbock gives residents a fantastic mix of big urbanmetropolis and sprawling desert openness. Suburbs havealso been strategically located to allow melange of city lifeto exist between more open housing.

Even when the nation entered a recession in 2008,Lubbock still continued to thrive and even increasedconstruction completions.

Lubbock is a large city located in the state of Texas. With a population of 260,993 people and 94 constituent neighborhoods, Lubbock is the tenth largest community in Texas.

Combining city textures and college town sensibilities, Lubbock really has a nice blend of characteristics. While not a huge city, Lubbock is big enough to offer a healthy dose of diversion, opportunity, and amenity to its residents and to the thousands of college students who descend on it every fall. Its size and diversity makes Lubbock more than just a college town, but removing the students from the equation would undeniably change Lubbock’s character and quality of life.

Not only is Lubbock a city with many college students, but it also retains many recent graduates who are looking to start new careers, creating a very large population of people who are young, single, educated, and upwardly-mobile. That’s because Lubbock is full of single people in their 20s and 30s and who have undergraduate or graduate degrees and are starting careers in professional occupations. This makes Lubbock a great place for young, educated career starters looking to find many people like themselves, with good opportunities for friendships, socializing, romance, and fun. In fact, Lubbock is one of the top larger cities in America for educated single professionals to flock.

One of the benefits of Lubbock is that there is very little traffic. The average commute to work is 17.18 minutes, which is substantially less than the national average. Not only does this mean that the drive to work is less aggravating, but noise and pollution levels are lower as a result.

In terms of college education, Lubbock is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 33.86% of adults in Lubbock have a college degree.

The per capita income in Lubbock in 2018 was $30,393, which is upper middle income relative to Texas, and middle income relative to the rest of the US. This equates to an annual income of $121,572 for a family of four. However, Lubbock contains both very wealthy and poor people as well.

Lubbock is an extremely ethnically-diverse city. The people who call Lubbock home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Lubbock residents report their race to be White, followed by Black or African-American. Lubbock also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 37.10% of the city’s residents. Important ancestries of people in Lubbock include German, English, Irish, Scottish, and Italian.

The most common language spoken in Lubbock is English. Other important languages spoken here include Spanish and Chinese.

Lubbock APPRECIATION RATE

TIME PERIOD TOTAL APPRECIATION AVG. ANNUAL RATE COMPARED TO State* COMPARED TO AMERICA*
Latest Quarter:
2022 Q3-2022 Q4
0.00% 0.00%
Last 12 Months:
2021 Q4-2022 Q4
0.00% 0.00%
Last 2 Years:
2020 Q4-2022 Q4
0.00% 0.00%
Last 5 Years:
2017 Q4-2022 Q4
0.00% 0.00%
Last 10 Years:
2012 Q4-2022 Q4
0.00% 0.00%
Since 2000: Q1-2022 Q4 0.00% 0.00%
*10 is the highest


RENT & OWNERSHIP

HOME OWNERSHIP RATE


Check Back Often for New Investment Opportunities!

Download Your FREE Copy Now!

Real estate is the most powerful way to accumulate wealth, and more people have become millionaires through real estate than any other means.

This guide has been written in an effort to help educate all real estate investors regardless of their experience.

Dedicated to all investors who want the very best deals!

The advantages of income-generating real estate.
How to analyze properties, cash-flow and returns.
How to choose the best markets and neighborhoods.