Lubbock Multifamily Market Profile: 

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  • Population: 317,200 
  • 11th largest city in Texas 
  • Lubbock ranks as one of the Top 25 Cities in the US for people under 35 according to a 2017 Growella study 
  • Lubbock ranks as one of WalletHub’s Top 15 Cities in America to start a business in 2017 
  • Population Growth: Over 22% since 2014 
  • Median Resident Age: 29.7 years 
  • Median Income: $48,103 
  • Lubbock is one of 17 places in America that are getting richer according to MSN.com 
  • SmartAsset ranks Lubbock as the #4 City with the Best Work-Life Balance 
  • Lubbock is projected to outperform the country in job growth over the next 5 years! 
  • Median Home Price: $134,700 
  • #10 on the 2018 Best Cities to Raise a Family according to Zumper 
  • ALN Market occupancy October 2018: 90.3% 
  • Unemployment rate: 2.7% as of July 2019 and one of the lowest in Texas 
  • USA: 3.7%, Texas: 3.4% 
  • University: Lubbock Christian University 
  • Number of students: 1,883 
  • University: Texas Tech University 
  • Number of students: 37,000+ 
  • One of the top engineering schools in Texas 
  • “Big 12” football team 
  • Top 10% of schools for international students 
  • Estimated to generate a total of over $1.15B (billion) to the city economy every year 
  • Sustains over 13,000 jobs per year in Lubbock County 
  • Students spend about $300 Million a year in shopping alone! 
  • Listed as #5 for Best Mid-Size Cities for New Graduates in 2018 by OnlineDegree.com 
  • Hospitals: Yes 
  • Military bases: No 
  • Veterans United lists Lubbock as #19 Best City for Veterans to Live in 2018 
  • Top employers 
  • Texas Tech University 
  • Covenant Health System 
  • United Supermarkets 
  • UMC Health Systems 
  • Lubbock Independent School District 
  • Texas Tech University Health Sciences Center 
  • City of Lubbock 
  • Walmart 
  • Lubbock County 
  • Frenship Independent School District 
  • Top Industries 
  • Educational Services and Health Care and Social Assistance (30.2%) 
  • Retail Trade (13.2%) 
  • Arts, Entertainment and recreation and Accommodation and food Services (11.7%) 
  • Professional, Scientific and Management and Administrative and Waste (7.5%) 
  • Construction (6.2%) 
  • Finance and Insurance, and Real Estate and Rental and Leasing (5.9%) 
  • Other services, except public administration (5.8%) 
  • Manufacturing (4.8%) 
  • Transportation and Warehousing, and Utilities (3.9%) 
  • Public Administration (3.6%) 
  • Wholesale Trade (3.4%) 
  • Information (2.1%) 
  • Agriculture, Forestry, Fishing and Hunting, and Mining (1.8%) 

Please visit our Current Listings Page regularly to see if we have multifamily properties for sale in Lubbock, TX

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