Rent to own Homes in Lubbock, TX

Lubbock, Texas, is a very family-oriented city with cultural attractions, historical places of interest and excellent schools. Lubbock is home to Lubbock Christian University and Texas Tech University, and most people here are well educated. Certain areas are filled with students and a college lifestyle, including inexpensive restaurants, late-night bars and sporting events. In other schooling news, Newsweek magazine named Lubbock High School one of the best schools in America three years in a row. Lubbock is also the birthplace of many musicians, especially those pursuing rock 'n roll or country careers. This includes Buddy Holly, Lubbock's most famous son. Despite all these fantastic amenities, housing prices are still well below the national average, but they won't stay there long. The low cost of living and the beautiful landscape attract more people every year.

Lubbock, TX is a great place for affordable rent-to-own homes! With a median household income of over $51,623 and a median rent of $958, the Lubbock, TX rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lubbock, TX. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Lubbock, TX rent to own homes for sale, which may include auction properties, for sale by owner, and more.
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Presley, Bell Farms
Rent To Own
 
Single Family Home
Lubbock, TX 79423
3
2
1113 ft2
2021
New
2115 MAIN ST #6
Rent to Own Eligible
Northeast Lubbock
Townhouse/Condo
Lubbock, TX 79401
3
4
1838 ft2
2005
5843 GRINNELL ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79416
3
2
1848 ft2
2021
1 of 40 6513 FORDHAM ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79416
4
3
2396 ft2
2014
1 of 23 714 WABASH ST
Rent to Own Eligible
Northeast Lubbock
Single Family Home
Lubbock, TX 79403
3
2
2609 ft2
1999
1 of 32 8801 17TH ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79416
3
2
1520 ft2
2019
1907 38TH ST
Rent to Own Eligible
Southeast Lubbock
Single Family Home
Lubbock, TX 79412
4
2
1443 ft2
1954
518 N IOLA AVE
Rent to Own Eligible
Shadow Hills
Single Family Home
Lubbock, TX 79416
3
2
1442 ft2
2002
2609 33RD ST
Rent to Own Eligible
Tech Terrace- U.N.I.T.
Single Family Home
Lubbock, TX 79410
3
2
1232 ft2
1949
1204 N VINTON AVE
Rent to Own Eligible
North by Northwest
Single Family Home
Lubbock, TX 79416
3
2
1794 ft2
2018
5424 6TH ST
Rent to Own Eligible
Pleasant Ridge
Single Family Home
Lubbock, TX 79416
3
2
1215 ft2
1964
1217 PRESTON TRL
Rent to Own Eligible
Wolfforth
Townhouse/Condo
Wolfforth, TX 79382
6
4
2957 ft2
2020
4117 62ND DR
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79413
3
2
2215 ft2
1968
10110 VALENCIA AVE
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79424
4
2
2013 ft2
2016
1516 WINDSOR AVE
Rent to Own Eligible
Wolfforth
Single Family Home
Wolfforth, TX 79382
3
2
1712 ft2
2006
2301 104TH ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79423
3
2
1698 ft2
2020
5705 90TH ST
Rent to Own Eligible
Preston Smith
Single Family Home
Lubbock, TX 79424
3
2
1733 ft2
1983
5409 90TH ST
Rent to Own Eligible
Preston Smith
Single Family Home
Lubbock, TX 79424
3
2
2253 ft2
1982
9308 TURNER AVE
Rent to Own Eligible
Quincy Park
Single Family Home
Lubbock, TX 79424
3
2
1807 ft2
2017
415 6TH ST
Rent to Own Eligible
Wolfforth
Single Family Home
Wolfforth, TX 79382
3
2
1593 ft2
1959
4811 78TH ST
Rent to Own Eligible
Woodland Park
Single Family Home
Lubbock, TX 79424
3
3
2973 ft2
1978
2706 68TH ST
Rent to Own Eligible
Southeast Lubbock
Single Family Home
Lubbock, TX 79413
3
1
1191 ft2
1961
2117 134TH ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79423
3
2
1763 ft2
2020
5736 96TH ST
Rent to Own Eligible
Preston Smith
Single Family Home
Lubbock, TX 79424
3
2
1583 ft2
1988
8416 UVALDE AVE
Rent to Own Eligible
Southeast Lubbock
Single Family Home
Lubbock, TX 79423
3
2
1589 ft2
2006
1 of 56 10610 BOSTON AVE
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79423
3
2
1411 ft2
2003
1 of 25 1915 52ND ST
Rent to Own Eligible
Southeast Lubbock
Single Family Home
Lubbock, TX 79412
4
3
2407 ft2
1963
1 of 78 2502 53RD ST
Rent to Own Eligible
Southeast Lubbock
Single Family Home
Lubbock, TX 79413
3
2
1919 ft2
1955
1 of 74 4311 59TH ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79413
3
2
1899 ft2
1965
1 of 65 5427 70TH ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79424
3
2
1886 ft2
1998
1 of 50 5512 75TH ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79424
3
2
2257 ft2
1976
1 of 66 5805 88TH PL
Rent to Own Eligible
Regal Park
Single Family Home
Lubbock, TX 79424
3
2
2002 ft2
2002
1 of 101 5810 79TH ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79424
4
2
1863 ft2
1986
1 of 110 7631 86TH ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79424
4
2
1750 ft2
2017
7015 95TH ST
Rent to Own Eligible
Quincy Park
Single Family Home
Lubbock, TX 79424
3
2
1670 ft2
2011
4605 63RD ST
Rent to Own Eligible
 
Single Family Home
Lubbock, TX 79414
4
2
2197 ft2
1974
1 of 30 705 N 8TH ST
Rent to Own Eligible
Wolfforth
Single Family Home
Wolfforth, TX 79382
4
3
2366 ft2
2021
2116 93RD ST
Rent to Own Eligible
Southeast Lubbock
Single Family Home
Lubbock, TX 79423
3
2
1288 ft2
1985
2514 111TH ST
Rent to Own Eligible
 
Townhouse/Condo
Lubbock, TX 79423
6
4
2730 ft2
2017
1 of 78 3005 68TH ST
Rent to Own Eligible
Southeast Lubbock
Single Family Home
Lubbock, TX 79413
3
2
2180 ft2
1964
1135 78TH ST
Rent to Own Eligible
Southeast Lubbock
Single Family Home
Lubbock, TX 79423
2
1
1006 ft2
2006
8605 JOLIET AVE
Rent to Own Eligible
Raintree
Single Family Home
Lubbock, TX 79423
3
2
2309 ft2
1977
New
1406 CAMELOT AVE
Rent to Own Eligible
Wolfforth
Single Family Home
Wolfforth, TX 79382
3
2
2227 ft2
2020
New
1 of 13 302 E 16TH ST
Rent to Own Eligible
 
Single Family Home
Wolfforth, TX 79382
3
2
1148 ft2
2016
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Buying a Home in Lubbock, TX

Lubbock, TX is seeing rapid growth and Lubbock, TX's' housing market remains optimal with an average home price that is -32% below the 2024 national average. Lubbock, TX is part of Lubbock county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Lubbock is 1.75% which is above the national average, which is 0.99%.

Median Home Price in Lubbock, TX

Median Rent in Lubbock, TX

Rent to own homes offer low monthly payments and flexible terms.

Average Cost of Living in Lubbock, TX

The overall cost of living in Lubbock is below the national average. Things like groceries, housing, utilities, and transportation are below the national average, and healthcare costs are slightly higher.

Average Home Prices in Lubbock, TX

The median price of a home in Lubbock, TX is $219,900. Home prices have increased by almost 14% over the past year, which represents a 30% increase since 2016. The average time a home is on the market before being sold is about 27 days, and 99.3% are sold at listing price.

Lubbock Statistics

If you're interested in Lubbock rent-to-own homes, don't forget to consider important factors in addition to monthly living costs, such as average commute, taxes, crime rates, etc. The following are some common Lubbock statistics compared to the U.S. national average.

Lubbock AveragesNational Averages
One-Way Commute16.4 minutesYYY111
Violent Crime10.1222.7
Property Crime47.0935.4
Unemployment Rate4.2%4.7%
Income Tax Rate4.2%4.6%
Air QualityAQI 9AQI 40
Water QualityHigh Chromium 6Safe
Median Household Income$52,429$79,900
Median Property Taxes$1,403$2,471
Utilities$168.00$171.67
Monthly Rent$660.00$1,098
Median Home Cost$219,900 $295,300
Median Home Age35.4 years37 years

Housing Statistics

With over 236,065 people living in Lubbock, it seems that it could get crowded. Instead, Lubbock enjoys a pretty cushy vacancy rate, allowing individuals plenty of selection when choosing a new home. Owners make up 44 percent and renters 45 percent, leaving an 11-percent vacancy rate. The median house value in 2011 was $113,500 while the median list price in the beginning of 2013 was $149,900; the median sale price was slightly lower, at $119,202, for the same time period. This means buyers should negotiate with sellers before accepting, as there may be some sale-price wiggle room. If buying a home is still out of reach, some people may consider rent to own homes. It allows many people the chance to take calculated steps towards owning in the future.

Outdoors Activities

Lubbock enjoys an astounding variety of diversions for active individuals who like to get outside and play. Mackenzie Park is the most popular place to take kids of all ages. It's home to the Joyland Amusement Park and is next door to the American Wind Powers Center, which houses over 100 historic windmills. There's also the Brazos River and several lakes, including Lake Alan Henry and Buffalo Springs Lake, where water sports and swimming are popular in the summer. Finally, the Buddy Holly Recreation Center has a walking trail, fishing spots, and picnic tables.

Local Events and Festivals

Strong community ties are a hallmark of Lubbock, and that's easily seen in all the events it hosts annually. The Lubbock Music Festival is one of the most famous local festivals. Originally intended to honor Buddy Holly, the festival is all about music, food and goodies for the residents as well as visitors from all over the state. The Memorial Civic Center hosts dozens of events throughout the year. Finally, the National Cowboy Symposium & Celebration celebrates all things country, western and cowboy.

Neighborhoods

There are 45 total neighborhoods in Lubbock, Texas, and each one offers something unique. Though some areas are geared more towards student life, others are predominantly family friendly. Here are a few of the most popular communities:

Lubbock, TX Frequently Asked Questions

Lubbock is a partially dry county, but within the city there are restaurants, bars, and clubs that sell alcohol.

Lubbock has been named one of the best places to live. Lubbock is a good place to live with low unemployment rates, no income tax, and one of the highest concentrations of top-ranked public schools.

Lubbock has been ranked one of the least safe cities in the country. Violent crimes have increased 9% since 2019, with murders almost tripling in 2020.