Market Overview
Home Prices in Lorenzo, TX
The median home value in Lorenzo, TX is $105,948 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.1% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lorenzo are priced74% below average. Lorenzo is part of the Lubbock, TX metro area.
Over the past five years, Lorenzo home values have fallen by approximately5.7%, reflecting softening conditions in this market.
Price History
Lorenzo Home Price Trend
City Comparison
Lorenzo vs. National Median
At $105,948, homes in Lorenzo cost 74% below the national median of $410,000. This makes Lorenzo a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lorenzo?
20% Down Payment
$21,190
on $105,948
Monthly P&I
$553/mo
30-yr @ 6.8%
Total Monthly Est.
~$702/mo
incl. taxes & insurance
Income Needed
$28,080
gross annual (30% rule)
10% Down Option
$10,595
+ PMI applies
Loan Amount (20% dn)
$84,758
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 Lorenzo, TX?
The median home value in Lorenzo is $105,948 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.1% year-over-year.
How much have home prices changed in Lorenzo?
Over the past year, home values in Lorenzo have decreased by 1.1%. Over five years, prices have fallen approximately 5.7%.
How much do I need to earn to buy a home in Lorenzo?
To comfortably afford the median home price of $105,948 with a 20% down payment ($21,190) at today's rates (6.8%), you'd need a gross annual income of approximately $28,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Lorenzo compare to the national average home price?
The national median home value is approximately $410,000. At $105,948, homes in Lorenzo are 74% below the national average.
What metro area is Lorenzo part of?
Lorenzo is part of the Lubbock, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.