Lubbock, TX Real Estate
According to census data in the year 2000 there were 84,034 housing units in Lubbock.
This represents a 7.9% growth from 77,852 in 1990.
Of those housing units, 82,643 were located in either urbanized areas or urban clusters, and 1,391 were located in what is classified as a rural area.
Homeownership rate in Lubbock is about 55.8%.
Lubbock's vacancy rate, including seasonal lodging, is about 7.8%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in Lubbock were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.20% |
| One Bedroom | 16.60% |
| Two Bedrooms | 26.90% |
| Three Bedrooms | 43.10% |
| Four Bedrooms | 8.50% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $69,500 |
| Median Price asked for vacant units | $55,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $441 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.70% |
| Home Equity Loan | 2.70% |
| Simple Mortgage | 59.80% |
| Debt Free | 35.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
