Lubbock VS National Average
Lubbock is very comparable in terms of our real estate market vs. the national average. The Lubbock real estate demand is strong from the college area and is filled with investment opportunities. The average sales price in the Lubbock housing market is $128,000. This is considerably below the national average, as well as being very affordable. Lubbock is one of the most affordable cities to buy a home in in the state of Texas. One of the factors that is driving Lubbock’s real estate market is the unemployment factor. The unemployment rate is 2.9%, which is lower than the statewide average of 4% and the national average of 5.4%. Lubbock’s real estate market is growing in a very positive way. The population has increased to just under 300,000 people and the economy has added many new shopping centers and restaurants.