Affordability evidence
Lubbock, TX home values, income, and owner costs
A borrower-focused reading of the latest ACS value, income, and owner-cost evidence for Lubbock, TX.
Source: U.S. Census Bureau
Last updated . Article facts reviewed through this date. Time-sensitive figures show their own as-of dates.
Start with the dated local finding: In Lubbock, TX, the 2024 ACS reports a median owner-occupied home value of $212,400, median household income of $60,895, and median selected monthly owner costs of $1,794 for owners with a mortgage. Together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,794 measure combines recurring ownership expenses instead of real estate taxes alone. For borrower planning, a useful affordability review starts with $212,400, $60,895, and $1,794, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.
Lubbock, TX's $212,400 median home-value estimate is below the statewide $283,800 estimate, with a reported city-to-state gap of 25.2%.