Foreclosed homes for sale in Lubbock, TX
Lubbock is a city located in the northwestern part of Texas, in the United States. It is located in Lubbock County and is the county seat. Lubbock is situated in the Llano Estacado region of the High Plains, which is known for its flat terrain and wide-open spaces. The city is located approximately 300 miles (480 km) west of the state capital, Austin, and about 200 miles (320 km) southeast of Albuquerque, New Mexico. It is also located about 300 miles (480 km) east of El Paso, Texas and about 350 miles (560 km) east of Santa Fe, New Mexico. Lubbock is part of the South Plains region and it is known for its prairies, cotton fields and its harsh hot summers.
If you have been discouraged by the current housing marketing, you are not alone. That's why many people are considering purchasing a foreclosed home as a viable path to homeownership. In Lubbock, TX, there are some fantastic foreclosed home options available. If you have been finding it difficult to find a home in your price range in Lubbock while saving for a down payment, a foreclosed home could be just the option for you. Foreclosed homes offer the opportunity to get into a home at a reduced price (sometimes substantially reduced) in exchange for potentially needing to make repairs and otherwise fix up the home. Repairs may not always be necessary but it should be anticipated. Below are a variety of homes either in some type of foreclosure or pre-foreclosure status.
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Discover and understand more about what you can expect for Lubbock, TX in terms of weather, education levels, income levels and more to get a better feel for the city.
Population by Gender
Education Levels (over 25 years of age)
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Median Home Price in Lubbock, TX
Households by Income in Lubbock, TX
What is the Current Housing Market Like in Lubbock, Texas
The housing market in Lubbock, Texas has been relatively stable in recent years. The city has a diverse range of housing options, including single-family homes, townhouses, and apartments. The median home price in Lubbock is around $200,000, and prices have been relatively stable over the past few years. The housing market in Lubbock is considered to be balanced, with a relatively stable supply and demand. The rental market in Lubbock is also relatively stable, with a variety of options and relatively stable prices. The average rent for a one-bedroom apartment in Lubbock is around $800 per month, and the average rent for a two-bedroom apartment is around $1,000 per month. Despite being a college town, Lubbock's economy is based on agriculture and health care and it has a relatively low unemployment rate which makes it an attractive place to live. However, it's important to note that the housing market is constantly changing, and the prices and availability of housing can fluctuate depending on the season, interest rates, and other factors. It's recommended to keep an eye on the market and consult with a real estate agent to have a better understanding of the market trends and find the best options for you.
School Quality in Lubbock
The quality of schools in Lubbock, Texas can vary depending on the specific school and location within the city. Lubbock is home to a number of public and private schools, and it also has a branch of Texas Tech University. According to Niche.com Lubbock's schools are overall rated as C+. The website also mentions that Lubbock Independent School District has a good graduation rate of 89%. It's worth noting that while some schools in Lubbock may have lower test scores or graduation rates than others, many schools in the area have strong programs and dedicated teachers. It's always recommended to research and visit schools in person to get a sense of their academic programs, extracurricular activities, and overall culture to find the best fit for you and your children. You can also check websites such as GreatSchools.com and SchoolDigger.com which provide school ratings and reviews from parents and teachers.
Lubbock, TX Frequently Asked Questions
Per the 2020 U.S. Census the population of Lubbock, Texas is around 250,000 people. Lubbock is the 11th most populous city in Texas and the 84th most populous city in the United States. However, it's worth noting that the population of a city is constantly changing and the number of people living in Lubbock can fluctuate depending on factors such as migration, birth and death rates.
Lubbock, Texas can be considered a family-friendly place to live. The city has a low crime rate, a diverse range of housing options, and a relatively stable economy. The city also has a number of parks and recreational areas, such as Mackenzie Park and the Lubbock Memorial Arboretum, which offer a variety of outdoor activities for families. The city is also home to a number of schools and educational institutions, such as Texas Tech University, which provides a variety of educational and cultural opportunities for families. The city also has a number of museums, such as the Museum of Texas Tech University and the Silent Wings Museum, which offer educational and entertaining activities for families.
The average overall walking score of neighborhoods in Lubbock, TX is 1.83 which means it is less easy to walk to nearby businesses and points of interest. Since it is less easy to get around town in Lubbock, TX a bike or car will be helpful.