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Foreclosure Homes in Lubbock, TX 79404

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Lubbock, TX Foreclosures

How much do homes sell for in Lubbock, TX?
The average home price is currently $249,903.
In Lubbock, TX, how many homes are available?
There are currently 8 active home listings available in Lubbock.
What’s the average rental cost in Lubbock, TX?
The average rental price in Lubbock is $1,349.
What is the most expensive home in Lubbock?
The most expensive home sold in Lubbock had a price of $11,410,801.
What is currently the cheapest priced home in Lubbock, TX?
The cheapest home for sale in Lubbock is priced at $10,633.

Living in Lubbock, TX

Lubbock, TX, offers a unique blend of urban living and Texas charm, with a rich cultural scene, diverse educational opportunities, and plenty of outdoor activities. The city is known for its affordability and welcoming community spirit, making it an ideal location for families and young professionals alike. Lubbock's vibrant lifestyle options and friendly neighborhoods make it a great place to invest in real estate.

Current Market Conditions in Lubbock, TX

The real estate market in Lubbock has shown consistent growth over the past few years, driven by an influx of residents and a strong rental market due to the large student population from Texas Tech University. Home prices have appreciated moderately, making it an appealing market for investors looking to enter at a reasonable price point.

With a high demand for rental properties and an increasing number of new developments, Lubbock presents a favorable investment climate. Investors can expect steady returns as the market continues to expand and attract new residents drawn by its educational and job opportunities.

Home Value Estimator For Lubbock, TX

There are currently 91,407 real estate properties in Lubbock, TX, with a median automated valuation model (AVM) price of $209,750.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lubbock, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lubbock, TX, is $249,903.00, with the most expensive house in Lubbock, TX, topping out at $11,410,801.00 and the cheapest home in Lubbock, TX, clocking in at $10,633.00. In other words, there’s something for every potential homebuyer or savvy investor in Lubbock, TX!

Rent Prices In Lubbock, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lubbock, TX, is on a rollercoaster ride. The average rent price in Lubbock, TX, is $1,349.00. Indeed, when looking to rent in Lubbock, TX, you can expect to pay as little as $430.00 or as much as $3,840.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Lubbock, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Lubbock, TX 79404 Foreclosures

Market Trend for Lubbock, TX

Total Listings Available: 8

Market Values:

Home Prices from $10,633 to $11,410,801

Average Sales Price: $249,903

Rental Values:

Rental from $430 to $3,840

Average Rent Value: $1,349 / month

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