2018 is here. Can you believe it? As we start this new year, I think it is important to know a little bit about what's going on in our market here in Lubbock, TX.
Who is buying houses in Lubbock?
According to a Demographics report done by Trulia, 63% of the population in Lubbock are homeowners.
29% of the population buying homes is college educated.
The median age of people buying homes is 32 years old with the median household income being $42,778.
Visit https://www.trulia.com/real_estate/Lubbock-Texas/ to view this demographic report.
What houses are selling?
65.6% of homes sold in Lubbock were single-family.
44.3% of homes sold were between the ages of 1970-1999.
47% of these were 3 bedroom.
View these statistics and more at https://www.neighborhoodscout.com/tx/lubbock/real-estate
How much are these houses selling for?
35.2% of the homes sold in Lubbock were between $116,001 and $232,000.
The next biggest percentage was 34.9% of homes sold were between $58,001 and $116,000.
The median home value is $121,787.
This information is found at https://www.neighborhoodscout.com/tx/lubbock/real-estate
Are there some neighborhoods in Lubbock doing better than others?
Neighborhoodscout has reported the top ten highest appreciating neighborhoods in Lubbock since 2000 as followed:
1. North I-27/ Lubbock International Airport Rd
2. 4th ST/ Indiana
3. Ave Q/19th ST
4. Southeast Drive/ East 50th ST
5. 33rd ST/ Akron Ave
6. Ave Q/ Broadway
8. FM 1264/ Loop 289
9. 19th ST/ University
10. Ave A/ E Coronado Dr
Note: This is just a quick overview of what is going on in the market for Lubbock, TX. If you would like a more in-depth overview of Lubbock, your neighborhood, or your home, please feel free to contact me. I hope this helps. God Bless!
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