Market Overview
Home Prices in Lubbock, TX
The median home value in Lubbock, TX is $213,159 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and down 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lubbock are priced48% below average. Lubbock is part of the Lubbock, TX metro area.
Over the past five years, Lubbock home values have risen by approximately16.5%, reflecting steady appreciation in this market.
Price History
Lubbock Home Price Trend
2020
$162,222
$162K
—
2021
$183,044
$183K
+12.8%
2022
$211,908
$212K
+15.8%
2023
$216,367
$216K
+2.1%
2024
$216,011
$216K
-0.2%
2025
$209,597
$210K
-3.0%
2026
$213,159
$213K
+1.7%
City Comparison
Lubbock vs. National Median
🏠 Lubbock
$213,159
National Median
$410,000
At $213,159, homes in Lubbock cost 48% below the national median of $410,000. This makes Lubbock a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lubbock?
20% Down Payment
$42,632
on $213,159
Monthly P&I
$1,112/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,412/mo
incl. taxes & insurance
Income Needed
$56,480
gross annual (30% rule)
10% Down Option
$21,316
+ PMI applies
Loan Amount (20% dn)
$170,527
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 Lubbock, TX?
The median home value in Lubbock is $213,159 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Lubbock?
Over the past year, home values in Lubbock have increased by 1.7%. Over five years, prices have risen approximately 16.5%.
How much do I need to earn to buy a home in Lubbock?
To comfortably afford the median home price of $213,159 with a 20% down payment ($42,632) at today's rates (6.8%), you'd need a gross annual income of approximately $56,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Lubbock compare to the national average home price?
The national median home value is approximately $410,000. At $213,159, homes in Lubbock are 48% below the national average.
What metro area is Lubbock part of?
Lubbock is part of the Lubbock, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.