Lubbock - TX housing market
The Lubbock metro has a typical home value of $213,398, up 2.4% from a year ago. Homes sell in 26 days on average, a balanced market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.
Lubbock housing market, October 2026
The typical Lubbock home is worth $213,398 as of August 2026, up 0.1% from the prior month, up 0.2% over three months, and up 2.4% from a year ago. Over the past two years values have ranged from $208,402 to $213,398.
Homes are going pending in about 26 days, the same as the 26 days seen three months earlier. There are roughly 1,844 homes for sale, 5% fewer than a year ago. 28.1% of listings have taken a price cut (up from 24.1% three months ago).
Typical rent is $1,340 a month, up 1.6% year over year, which puts the price-to-rent ratio at 13.3.
At this week's 7.40% mortgage rate with 20% down ($42,680), the typical Lubbock home costs about $1,449 a month including tax and insurance, which needs a household income of roughly $62,100 to stay under a 28% payment-to-income ratio.
Income needed to buy assumes 20% down, a 30-year fixed mortgage at 7.4% (Freddie Mac weekly average), property tax at 1.1% and insurance at 0.4% of value per year, and a 28% payment-to-income cap. Local taxes and insurance vary; treat it as a comparison figure across metros, not a lender's answer. All metros ranked →
How to read this data
The typical home value ($213,398) is the Zillow Home Value Index for the Lubbock - TX metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 2.4% over the past year. In Lubbock - TX, that means a home worth $208,396 last year is now worth roughly $213,398.
The median sale price, what homes actually close for, is $245,135. Homes are selling at 97.9% of list price, meaning buyers have room to negotiate.
Homes listed in Lubbock - TX sit on the market for roughly 26 days before going pending. Shorter = seller's market; longer = buyer's market.
About 28.1% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 490 new listings hit the market each month in Lubbock - TX. There are currently 1,844 homes for sale, down 5.5% from a year ago.
The typical monthly rent in Lubbock - TX is $1,340, up 1.6% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 13.3x, buying territory (#179 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $1,182 a month in principal and interest, $158 less than renting before taxes, insurance and upkeep. The two break even at a 8.73% rate.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →
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Other metros in TX
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Dallas - TX | $360,437 | -2.3% | 34.0d |
| Houston - TX | $305,001 | -1.9% | 40.0d |
| San Antonio - TX | $276,747 | -1.9% | 45.0d |
| Austin - TX | $417,977 | -4.7% | 53.0d |
| McAllen - TX | $193,007 | -0.2% | 75.0d |
| El Paso - TX | $234,069 | +2.2% | 29.0d |