Lubbock, TX

Population: 233,740
Average annual home appreciation rate: -9.29
Total of homes for sale in this market:
Median home price: 103,883
Median Rent: 606
Home price range: 40.99% of homes are between $100,001 – $199,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 66.21% of homes are Single Family Detached
Number of vacant homes: 9.72
Number of renters: 43.66
Number of owner occupied: 56.34%
Number people living below poverty level: 20.25
Unemployment rate: 4.71
Is this area perfect for real estate deals going on right now? Being in a “down” market for real estate in a college town can lead to great opportunities. College students will ALWAYS need a place to stay, so apartments, and multiple bedroom homes are not only sought after, but a necessity. There are multiple foreclosures in the Lubbock area that the savvy investor can take advantage of if they now which banks to work with, and what properties will be the most profitable as a return of investment. Following the old adage, “what goes up, must come down,” works just the opposite in a ‘down’ real estate market… Positioning yourself in front of the growth now, before the rebound is where REAL success in a down market takes place. There are many opportunities in the Lubbock area.

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