Investment metrics, interactive calculators, and data-driven analysis for Lubbock rental properties.
Pre-filled with Lubbock medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Lubbock.
Lubbock, TX has a population of 264,560 and has been growing at 1.1% annually — above the national average, suggesting steady demand pressure on housing. The median home price of $185,000 paired with median rents of $1,120/mo produces an estimated cap rate of 4.38%.
Property taxes at 1.65% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 6% is moderate and within normal parameters for a healthy rental market.
At a price-to-income ratio of 3.8x, homes cost about 3.8 times the local median income of $49,200. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 2.4% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Lubbock presents moderate opportunities. Cap rates near 4.38% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.