Lubbock, TX

Population: 243,839
Average annual home appreciation rate: 10.10%
Total of homes for sale in this market: 793
Median home price: $120,841
Median Rent: $903 per room
Home price range: 40.89% of homes are between $109,001 – $218,000
Median sales price: $55,200
Number of homes: 175
Median foreclosure sales price: $67,050
Foreclosure discount: N/A
Most common home type: 66.95% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 9.54%
Number of renters: 47.83%
Number of owner occupied: 52.17%
Number people living below poverty level: 21.78%
Unemployment rate: 3.30%
Is this area perfect for real estate deals going on right now? With the positive appreciation rate history that Lubbock has boasted for the last ten years, a buy and hold property could make a pretty safe return on investment based solely on the higher rental prices in the the area.

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