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Lubbock, TX Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,298
Monthly Cash Flow
-$194
Principal + Equity
$914
Annual Total Gain
$8,637
Cash on Cash
-4.53%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$169
Occupancy Rate
45.16%
Monthly Revenue
$1,807
Monthly Cash Flow
$44
Principal + Equity
$914
Annual Total Gain
$11,496
Cash on Cash %
1.03%
Net ROI %
Market Health & Growth
Median Income
$60,487
Population
261,078
LTR Renter %
49.2%
Forecast (1 yr)
-0.68%
Appreciation (1 yr)
-1.86%
Appreciation (5 yr)
26.16%
Appreciation (10 yr)
54.03%
Job Growth
0.89%
LTR Rentability
High
STR Demand
47
STR Rentals
1,156
Top Public Schools
ATalkington School for Young Women Leaders
ACrestview Elementary School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Cities to Buy a House in America
#35out of 229 markets
Cities with the Best Public Schools in America
#34out of 229 markets
Cities with the Lowest Cost of Living in America
#35out of 229 markets
B
Public School
D
Crime And Safety
B-
Housing
B
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Lubbock, TX.
As of September 2021, Lubbock, TX does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential changes in regulations and to stay informed about any developments in this area.
Investors should also consider the potential impact of STRs on the local housing market and community. Some cities have implemented regulations to address concerns about noise, parking, and the overall impact of STRs on neighborhoods.
Additionally, investors should be aware of any homeowners association (HOA) rules or restrictions that may prohibit or limit STRs in certain neighborhoods or developments.
It is recommended that investors thoroughly research the market and consult with local real estate professionals and legal experts before investing in a property for short term rental purposes in Lubbock, TX.
Market Trends Over Time
Explore 25 years of market data for Lubbock, TX, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Lubbock, TX.
The LTR Genie Score of Lubbock, TX is 58 and STR Genie Score is 42, indicating a moderate to high level of investment potential in the long-term rental market compared to the short-term rental market. The LTR Rentability is high, with a Rent Growth Rate of 0.0287% and a Net ROI of 16.81%, while the STR Net ROI is slightly higher at 22.38%. The 1-Year Price Appreciation Forecast is negative at -0.68%, suggesting a potential decrease in property values in the near future. The STR Occupancy rate is 45.16% with a revenue of 1807.
Lubbock, TX is a growing city with a diverse economy, including a strong healthcare sector and a growing university presence. The city offers a mix of urban amenities and a suburban feel, making it attractive to both long-term and short-term renters.
Based on the metrics provided, Lubbock, TX appears to be more favorable for long-term rental investment due to the higher LTR Genie Score and steady rent growth rate. However, investors may also consider diversifying their portfolio with some short-term rental properties to take advantage of the higher Net ROI in that market segment. Overall, Lubbock, TX shows promise for real estate investors looking for stable rental income and potential long-term appreciation.
LTR Genie Score 93
$215,500
🛏 3 Beds🛁 3.0000 Baths🏙 2,020 sqft.🏠 SINGLE FAMILY
