Lubbock County Real Estate and Livability Trends
Lubbock County, Texas, has seen median home values rise to $183,700 in 2022, outpacing the national average while remaining below the state median of $238,000. The increase in real estate taxes to an average of $8,153 by 2021 suggests higher property values or tax rate adjustments. The county's student-to-teacher ratio averages slightly below the national norm, potentially attracting families due... Read more
Lubbock County Market Trends
In Lubbock County, Texas, median home values have surged to $183,700 in 2022, climbing faster than the national median yet still undercutting the state median of $238,000. Residential energy tax credits have also shot up, indicating a rising interest in energy-efficient home upgrades, potentially boosting home values. Real estate taxes have significantly increased to an average of $8,153 by 2021,... Read more
Median Value of Occupied Housing Units in Lubbock County, Texas Over the Last 8 Years
Median home values in Lubbock County, Texas have seen consistent growth over the past eight years, reaching $183,700 in 2022. This represents a steeper increase compared to the national median, which rose to $179,400 during the same period. Within Texas, Lubbock County's growth is notable but still trails behind the state median of $238,000. For potential investors, buyers, or builders, this data suggests Lubbock County might offer more affordable property options relative to broader state trends, while still benefiting from the overarching positive trajectory in property values.
Residential Energy Tax Credit Per Tax Return in Lubbock County, TX Over the Last 9 Years
Over the past nine years, Lubbock County, Texas has seen a significant increase in the average residential energy tax credit per tax return, jumping from $275.00 in 2013 to approximately $3,176.38 in 2021. This trend suggests a growing investment in energy-efficient upgrades among homeowners, likely driven by increasing awareness of green energy benefits and potential long-term savings. Real estate professionals, appraisers, and insurance agents might find this trend noteworthy as energy-efficient homes could command higher values and lower risk profiles. For those considering moving to or investing in Lubbock County, embracing energy-efficient solutions appears to be a prominent and financially savvy move.
Average Real Estate Taxes Per Tax Return in Lubbock County, TX Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Lubbock County, Texas have shown a notable upward trend, rising from around $4,388 in 2012 to approximately $8,153 by 2021. This increase could indicate a combination of rising property values, higher tax rates, or increased assessments, which might affect investment decisions and property values. Such trends could be crucial for potential investors, homebuyers, real estate agents, and tax appraisers who need to consider the impact of growing tax liabilities on overall costs and property affordability in the area.
Percentage of Farm Returns in Lubbock County, TX Over the Last 10 Years
Lubbock County, located in Texas, has experienced some fluctuations in the percentage of farm tax returns over the past decade, generally hovering around the 1.5% mark. Starting at 1.53% in 2012, there was a slight peak in 2017 at 1.54%, but this dipped to 1.33% by 2020 before marginally increasing to 1.40% in 2021. In context, farm tax returns are filed by farmers to report income and claim expenses related to their agricultural activities. These trends can give insights into the stability and economic performance of the agricultural sector in Lubbock County. For investors, builders, and potential residents, stable or increasing farm tax return percentages often reflect reliable agricultural productivity and potentially favorable conditions for investment in agribusiness or related infrastructure.
Number of Mortgages by Occupancy Type in Lubbock County, TX Over the Last 5 Years in Lubbock County
In Lubbock County, Texas, the number of mortgages for principal residences peaked in 2020 and has seen a noticeable decline since then. Investment property mortgages saw a steady increase from 2018 to 2021 but had a slight drop in 2022. Meanwhile, second residence mortgages have generally remained low but consistent. Changes in occupancy type can highlight shifts in local economic conditions and housing demand, particularly useful for investors and real estate agents to forecast market trends. They also offer insights into the population's financial behaviors, which can influence appraisals and insurance underwriting.
Economic Outlook
Over the past nine years, Lubbock County, Texas, has experienced a notable increase in average taxable income per tax return, rising from $54,442.22 in 2013 to $75,941.17 in 2021. This suggests potential economic growth that could be appealing to investors and real estate developers. Concurrently, average state and local income taxes per tax return have risen, jumping from $6,232.95 in 2012 to $12,908.51 in 2021, which may reflect rising incomes or tax policy changes, crucial for financial... Read more
Average Taxable Income per Tax Return in Lubbock County, TX over the last 9 years
Over the past nine years, Lubbock County, Texas has seen a steady increase in average taxable income per tax return, with notable growth from $54,442.22 in 2013 to $75,941.17 in 2021. This upward trajectory could signal economic growth, making it potentially attractive for investors, property developers, and real estate agents. The peak in 2021 at $75,941.17 is an outlier, possibly influenced by pandemic-related economic shifts. Such trends are likely of interest to those considering relocation or investment, highlighting the county’s evolving financial landscape.
Average State and Local Income Taxes Per Tax Return in Lubbock County, TX Over the Last 10 Years
In the past decade, Lubbock County, Texas, has witnessed a significant upward trend in average state and local income taxes per tax return, with a notable jump from $6,232.95 in 2012 to $12,908.51 in 2021. This steady increase may indicate rising incomes or changes in tax policy, which could affect financial planning for potential homeowners, investors, and real estate agents. Understanding these tax dynamics is crucial for anyone evaluating the cost of living or investment potential in Lubbock County.
Average Total Tax Liability Per Tax Return in Lubbock County, TX Over the Last 10 Years
In Lubbock County, Texas, the average total tax liability per tax return revealed a gradual increase over the past decade, rising from approximately $10,590.18 in 2012 to $13,706.20 in 2021. Notably, there was a significant jump between 2020 and 2021, indicating potential tax policy changes or economic shifts. Investors and homebuilders might find these trends informative for understanding local economic conditions and forecasting financial obligations. Real estate professionals and insurance agents may also view this data as indicative of the area's economic health and attractiveness to potential movers.
Cost of Living in Lubbock County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,432 | $1,412 | $2,106 | $1,318 | $971 |
| 1 adult 4 children | $1,432 | $1,153 | $1,611 | $1,318 | $1,072 |
| 2 adults 3 children | $1,432 | $1,153 | $1,826 | $1,318 | $787 |
| 1 adult 3 children | $1,432 | $941 | $1,332 | $1,318 | $852 |
| 2 adults 2 children | $1,022 | $944 | $1,547 | $1,146 | $644 |
| 1 adult 2 children | $1,022 | $705 | $1,053 | $1,146 | $572 |
| 2 adults 1 child | $1,022 | $746 | $1,268 | $588 | $606 |
| 1 adult 1 child | $1,022 | $482 | $773 | $588 | $496 |
| 2 adults | $842 | $599 | $988 | $0 | $530 |
| 1 adult | $729 | $327 | $494 | $0 | $440 |
Safety trends & Data
Lubbock County, Texas, has experienced significant shifts in property crime trends over recent years. Motor vehicle thefts saw a steep rise from 11 in 2020 to 168 in 2022, and fraud cases increased from 104 in 2018 to 223 in 2022. Meanwhile, larceny-theft cases have noticeably dropped from 1,440 in 2018 to 683 in 2022. Burglary incidents have inched up, and vandalism arrests have remained fairly steady. These crime dynamics offer crucial insights for investors, appraisers, and real estate... Read more
Property Crime Trends in Lubbock County, TX Over the Last 5 Years
Lubbock County, Texas, has seen a fluctuating trend in property crime arrests over the last five years. Notably, motor vehicle thefts jumped dramatically from just 11 in 2020 to 168 in 2022, and fraud cases rose from 104 in 2018 to 223 in 2022, suggesting a possible shift in criminal behavior or improved reporting. Larceny-theft, while still high, has gradually decreased from 1,440 in 2018 to 683 in 2022. Vandalism arrests have remained relatively stable, while burglary has shown a slight increase. These trends may indicate changing socio-economic conditions or effectiveness of law enforcement strategies, providing valuable insights for potential investors, appraisers, insurance agents, and real estate professionals.
Demographics
The demographic landscape of Lubbock County, Texas reveals a nearly balanced gender distribution with 111,236 males and 116,333 females as of 2022. Educational attainment shows a significant portion of the population, around 46,961, holding a high school diploma, while a noteworthy 36,968 have achieved a bachelor's degree. The age structure leans toward a younger demographic, with substantial numbers in the 25 to 34 age range. When it comes to racial composition, the majority are White,... Read more
Race Distribution in Lubbock County, Texas (2022)
Educational Attainment in Lubbock County, Texas (2022)
Age Distribution in Lubbock County, Texas
Citizen Population in Lubbock County, Texas (2022)
Political Trends & Data
Lubbock County in Texas leaned heavily Republican in the 2020 Presidential Election, with Republicans potentially securing about 65% of the votes and Democrats around 33%. Libertarian and Green Party candidates seemed to receive much smaller shares, roughly 1.3% and 0.2%, respectively. This strong conservative presence could influence local and state policies, shaping future election strategies for all parties... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lubbock County in Texas leaned heavily Republican in the 2020 Presidential Election, with Republicans potentially securing about 65% of the votes. Democrats might have garnered around 33%, while Libertarian and Green Party candidates seemed to receive much smaller shares, roughly 1.3% and 0.2%, respectively. The "Other" category appeared to be almost negligible. This voting pattern suggests a strong conservative presence in the region, which could influence local and state policies, as well as future election strategies for all parties involved.
65.27% of voters voted for the Republican party in the 2020 Presidential Election
33.12% of voters voted for the Democrat party in the 2020 Presidential Election
1.34% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.04% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lubbock County, Texas has maintained a student-to-teacher ratio slightly below the national average of 14 students per teacher over the past decade, ranging between 13 and 14. This could imply more personalized attention in schools, a significant factor for families considering relocation. Real estate agents and appraisers might find this aspect valuable when promoting properties, as educational quality often impacts housing decisions. Investors and builders could interpret these metrics as... Read more
Student-to-teacher ratio in Lubbock County, Texas over the last 10 years
Over the past decade, Lubbock County, Texas has generally maintained a student-to-teacher ratio that is slightly below the national average of 14 students per teacher. With figures fluctuating between approximately 13 and 14 students per teacher, the area's educational system potentially offers more personalized attention compared to other parts of the country. For families considering relocation, lower student-to-teacher ratios could suggest better individualized support for students. Real estate agents and appraisers might find this aspect integral when promoting properties, as education quality significantly impacts housing decisions. Similarly, investors and builders could view these metrics as indicative of a community's long-term growth and development prospects.
