Market Overview
Home Prices in Lockney, TX
The median home value in Lockney, TX is $109,770 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and down 7.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lockney are priced73% below average.
Price History
Lockney Home Price Trend
2022
$149,808
$150K
—
2023
$131,833
$132K
-12.0%
2024
$115,202
$115K
-12.6%
2025
$106,105
$106K
-7.9%
2026
$109,770
$110K
+3.5%
City Comparison
Lockney vs. National Median
🏠 Lockney
$109,770
National Median
$410,000
At $109,770, homes in Lockney cost 73% below the national median of $410,000. This makes Lockney a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lockney?
20% Down Payment
$21,954
on $109,770
Monthly P&I
$572/mo
30-yr @ 6.8%
Total Monthly Est.
~$726/mo
incl. taxes & insurance
Income Needed
$29,040
gross annual (30% rule)
10% Down Option
$10,977
+ PMI applies
Loan Amount (20% dn)
$87,816
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lockney, TX?
The median home value in Lockney is $109,770 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Lockney?
Over the past year, home values in Lockney have increased by 3.5%.
How much do I need to earn to buy a home in Lockney?
To comfortably afford the median home price of $109,770 with a 20% down payment ($21,954) at today's rates (6.8%), you'd need a gross annual income of approximately $29,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Lockney compare to the national average home price?
The national median home value is approximately $410,000. At $109,770, homes in Lockney are 73% below the national average.