Another scorcher predicted for Texas Monday
Named after a Confederate colonel in 1890, Lubbock is a city of about 200,000 people and is the ninth largest city in Texas. Among other things, Lubbock is home to Texas Tech University and is the largest cotton growing area in the region.
Lubbock, Texas, or “Hub City” as it is sometimes called, is growing rapidly. Lubbock real estate is thriving due to newly created jobs as well as an influx of construction projects creating exquisite homes.
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| Population 199,564 | Median Age 29.7 yrs | Household Size: 2.47 |
| Avg Home Value: $69,500 | July High: 92.0°F | January Low: 24.4°F |
Lubbock Real Estate
Who would have thought that a freeway could be such a saving grace? For Lubbock, Texas, it has proved to be a breath of life. The Marsha Sharp Freeway Project, intended to create an east-west route that could handle large volumes of traffic, has given the Lubbock real estate market a jolt of life. Commonly known as “Hub City” for its central location in the Texas panhandle, Lubbock now not only boasts the largest university campus in the world with Texas Tech University, it also is the proud parent of a state-of-the-art freeway project. If you are looking for a city with plenty of room for growth, beautiful scenery, and commitment to expansion, then Lubbock is the place to be.
As a testament to its rapid growth, in the 1990s, the city boasted a nearly seven percent increase in population. The housing is affordable with a medium price of $93,832, a perfect opportunity for those moving from areas where the price of a new home is soaring to extravagant heights. As its dot on the map expands, businesses and industries are taking a closer look at it, promising job increases as they move in. With a median family income of $29,194, even the interest rates of the past few months make the cost of living affordable with room to spare.
What makes Lubbock such an enticing place for the fickle real estate market? Maybe you are impressed with their city council that is dedicated to expanding the city, inviting new projects that will assist in such. Or maybe it is that Hub City has a medium age of 30, the perfect atmosphere for growing families. However, one of the most impressive things about Lubbock is its balance between city and nature. Cement and earth seem to coincide harmoniously, as the bulk of the city is encompassed by the “Loop,” a parkway that circles the majority of businesses and homes. Outside of this, the land is mostly empty of development, full of beautiful landscapes and impressive sunsets.
If you are looking to sell homes or purchase homes, and you yearn to get away from the cement barrenness of huge cities, then Lubbock is the place for you. If you are a family with children looking at prospective colleges, what could be better than living in a city with the largest campus in the world? Texas Tech University, with affordable in-state tuition of $6,152, offers a wide variety of majors ranging from biochemistry to stagecraft. Even if you don’t have children, but are looking for a career in education or construction, Lubbock has a booming job market for these industries.
Lubbock, Texas, may not be the size of some Texas cities, but it is just as worthy of notice in its own right. For real estate agents, the Lubbock real estate market offers a viable career now, going hand in hand with the boom in new houses and jobs. For prospective homeowners, Lubbock offers a unique, enjoyable life experience as well as a beautiful place to live imbued with the natural feeling so innate to the South. For business owners, Lubbock offers the chance to get a fresh start in a city economy that promises to take off in the next few years, a process it has already started. Lubbock is a growing city with big goals, and all the promise of achieving them.
By Jessi LaRocco
A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®