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