Know Your Housing Market

Dated: 01/08/2018

Views: 111

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

**BONUS QUESTION** 

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 

7. Doud 

8. FM 1264/ Loop 289

9. 19th ST/ University 

10. Ave A/ E Coronado Dr  

https://www.neighborhoodscout.com/tx/lubbock/real-estate


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! 


Destanie Gregory 

Cell (806) 559-5108 

Email: destanie.gregory@mcdougal.com

Via Facebook: https://www.facebook.com/destaniegregory/


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