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1 / 15#15. Crosbyton, TX
- Typical home value: $72,993
- 1-year price change: +3.4%
- 5-year price change: -17.2%
Cities with the most expensive homes in the Lubbock metro area
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Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.
The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.
High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.
compiled a list of cities with the most expensive homes in the Lubbock metro area using data from . Charts show the monthly typical home value since January 2018. All 15 cities and towns with data available were included in the list.
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2 / 15#14. Ralls, TX
- Typical home value: $83,984
- 1-year price change: +1.9%
- 5-year price change: data not available
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3 / 15#13. Spur, TX
- Typical home value: $85,786
- 1-year price change: -0.6%
- 5-year price change: data not available
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4 / 15#12. Lorenzo, TX
- Typical home value: $107,096
- 1-year price change: +0.0%
- 5-year price change: -4.8%
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5 / 15#11. Post, TX
- Typical home value: $123,886
- 1-year price change: +2.0%
- 5-year price change: -22.7%
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6 / 15#10. New Deal, TX
- Typical home value: $141,122
- 1-year price change: +13.4%
- 5-year price change: +6.2%
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7 / 15#9. Slaton, TX
- Typical home value: $145,578
- 1-year price change: +7.9%
- 5-year price change: +16.1%
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8 / 15#8. Tahoka, TX
- Typical home value: $170,948
- 1-year price change: +15.6%
- 5-year price change: +0.5%
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9 / 15#7. Lubbock, TX
- Typical home value: $212,039
- 1-year price change: +2.1%
- 5-year price change: +13.8%
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10 / 15#6. Idalou, TX
- Typical home value: $261,221
- 1-year price change: +10.5%
- 5-year price change: +26.5%
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11 / 15#5. Buffalo Springs, TX
- Typical home value: $269,557
- 1-year price change: +7.2%
- 5-year price change: +22.8%
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12 / 15#4. Wilson, TX
- Typical home value: $273,999
- 1-year price change: +3.7%
- 5-year price change: -3.9%
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13 / 15#3. Wolfforth, TX
- Typical home value: $274,930
- 1-year price change: +0.7%
- 5-year price change: +8.7%
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14 / 15#2. Shallowater, TX
- Typical home value: $307,638
- 1-year price change: +4.1%
- 5-year price change: +13.6%
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15 / 15#1. Ransom Canyon, TX
- Typical home value: $388,753
- 1-year price change: +4.8%
- 5-year price change: +19.8%
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