Home For Sale In Lubbock, Texas

house for sale

Listed: 06/17/24

7602 61st St, Lubbock, Texas, 79407

Studio Bed:

32,195 Sq Ft Living Area:

Save

Price

$ 4,88M

Show 6 more

About This House

Introducing an exceptional investment opportunity: 16 single-family homes for sale in a highly sought-after, rapidly growing area. These modern residences, constructed in late 2022, are all currently rented, providing immediate rental income.Each home is designed with contemporary finishes, featuring stainless steel appliances, vinyl wood plank flooring, and a gas range, ensuring durability and style. The homes offer either 3 or 4 bedrooms, catering to a wide range of tenant needs and preferences, which contributes to their high occupancy rates. Professionally managed, these properties benefit from expert oversight, ensuring they remain well-maintained and continuously rented. Located in a vibrant and growing community, these homes are ideally positioned to appreciate in value over time. The area offers excellent amenities, schools, and transportation links, making it a desirable location for renters and a smart choice for investors. TotalSF 32, 195

Protect Yourself From Rental Scams

While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow expert tips to reduce the risk of fraud when renting a new apartment.

Houses for sale in Lubbock

Original listing

Lubbock Housing & Living

Average sale prices for houses

2 bed

3 bed

4+ bed

Show as List Show as Graph

Month	Median Price
May 2024	$135,678 (-9%)
Apr 2024	$149,138 (0%)
Mar 2024	$149,138 (0%)
Feb 2024	$149,138 (0%)
Jan 2024	$149,138 (+7.2%)
Dec 2023	$139,148 (-12.1%)

In May 2024, the asking price for 2 bed houses for sale in/near Lubbock, United States averaged $135,678, a decrease of 9% from the previous month.

Median price trends for properties for sale in Lubbock, United States as of May 2024.

Household Income

Median household income: $47,326

Number of households: 92,517

The average household income in Lubbock, TX grew from $45,499 to $47,326 in the past year. This data is an estimate based upon 92,517 households in Lubbock, TX.
The chart below presents how household income is distributed in Lubbock, TX in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Lubbock, TX compared to median property taxes around the country. The prevalent amount of property taxes in Lubbock, TX equals $3k+ , which is less than the national average.