Lubbock, TX home prices
Typical home $212,331 · +2.5% in a year · income needed $65,000
The Lubbock, TX metro area ranks 597 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +2.5% in a year and +13.1% over five years. With 20% down at 7.11%, the typical home costs about $1,517 a month including 1.51% property tax (Lubbock County rate).
Mortgage on the typical Lubbock home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $42,466 | $169,865 | $1,143 | $0 | $374 | $1,517 | $65,000 |
| 10% down | $21,233 | $191,098 | $1,286 | $80 | $374 | $1,739 | $74,500 |
| 5% down | $10,617 | $201,715 | $1,357 | $84 | $374 | $1,815 | $77,800 |
| 3.5% down (FHA) | $7,432 | $208,486 | $1,402 | $94 | $374 | $1,870 | $80,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.51% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Lubbock area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Lubbock County, TX | $214,560 | +2.5% | 1.51% |
| Lynn County, TX | $209,459 | +7.9% | 1.77% |
| Crosby County, TX | $85,807 | +3.0% | 1.83% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Lubbock?
The typical home in the Lubbock, TX metro area is worth $212,331 (Zillow, September 2026).
What salary do you need to buy a house in Lubbock?
About $65,000 a year for the typical home with 20% down at 7.11%.