Housing Report for Lubbock
In the State of Texas, Lubbock ranks 7 of the 25 metro areas in terms of growth of new housing structures between 2001 and 2005. The MSA stands 72 of 361, in terms of residential real estate percentage change compared to other United States metro areas.
Lubbock is made up of a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey reports that 0.9 percent of the houses were valued over a half a million dollars.
In Lubbock, the U.S. Census Bureau, Population Division accounted for a total of 114,970 homes in the year 2005. This MSA has gone through a medium-high growth level in the number housing units, adding a sum of 9,838 residential units since 2001, or 9.4 percent.
It can be understood that there is a large amount of housing that is affordable in Lubbock, Texas. In 2005, 75.8 percent of owner-occupied dwellings were valued under $125k.
The residential real estate values in Lubbock, Texas have experienced moderate increases since the Census values accounted for in the year 2000. The values have increased by $15,500, or 22.4 percent, since 2000 when their medians were valued at $69,100.
Lubbock recorded a median home value in 2005 of $84,600, accounted by the American Community Survey. This value is less than the Texas 2005 home median value of $106,000 and less than median home value of $167,500 for the United States in the same year.
Data Source: U.S. Census Bureau
Lubbock is made up of a small, but present proportion of high-valued homes. For the year 2005, the American Community Survey reports that 0.9 percent of the houses were valued over a half a million dollars.
In Lubbock, the U.S. Census Bureau, Population Division accounted for a total of 114,970 homes in the year 2005. This MSA has gone through a medium-high growth level in the number housing units, adding a sum of 9,838 residential units since 2001, or 9.4 percent.
It can be understood that there is a large amount of housing that is affordable in Lubbock, Texas. In 2005, 75.8 percent of owner-occupied dwellings were valued under $125k.
The residential real estate values in Lubbock, Texas have experienced moderate increases since the Census values accounted for in the year 2000. The values have increased by $15,500, or 22.4 percent, since 2000 when their medians were valued at $69,100.
Lubbock recorded a median home value in 2005 of $84,600, accounted by the American Community Survey. This value is less than the Texas 2005 home median value of $106,000 and less than median home value of $167,500 for the United States in the same year.
Data Source: U.S. Census Bureau
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