Lubbock Multifamily Market Profile:
- 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 TX