Cities with the fastest growing home prices in Lubbock metro area

Written by:
November 23, 2022
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Cities with the fastest growing home prices in Lubbock metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Lubbock, TX metro area using data from Zillow. Cities are ranked by 1-year price change as of September 2022. The typical home value in the United States increased over the last year by +14.1% to $356,054. All 15 cities and towns with data available were included in the list.

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1 / 15
Stacker

#15. Slaton, Slaton

- 1-year price change: +$9,411 (+9.4%)
- 5-year price change: +$42,727 (+64.4%)
- Typical home value: $109,113 (#11 most expensive city in metro)
2 / 15
Stacker

#14. Ralls, Ralls

- 1-year price change: +$9,430 (+14.3%)
- 5-year price change: +$18,761 (+33.1%)
- Typical home value: $75,414 (#13 most expensive city in metro)
3 / 15
Stacker

#13. Crosbyton, Crosbyton

- 1-year price change: +$9,814 (+16.2%)
- 5-year price change: +$19,138 (+37.3%)
- Typical home value: $70,418 (#14 most expensive city in metro)
4 / 15
Stacker

#12. Lorenzo, Lorenzo

- 1-year price change: +$10,841 (+14.3%)
- 5-year price change: +$24,013 (+38.5%)
- Typical home value: $86,397 (#12 most expensive city in metro)
5 / 15
Stacker

#11. Spur, Spur

- 1-year price change: +$11,196 (+20.4%)
- 5-year price change: +$24,013 (data not available)
- Typical home value: $65,975 (#15 most expensive city in metro)

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6 / 15
Stacker

#10. New Deal, New Deal

- 1-year price change: +$15,345 (+15.8%)
- 5-year price change: +$54,356 (+93.9%)
- Typical home value: $112,265 (#10 most expensive city in metro)
7 / 15
Stacker

#9. Post, Post

- 1-year price change: +$15,846 (+16.1%)
- 5-year price change: +$54,356 (data not available)
- Typical home value: $113,995 (#9 most expensive city in metro)
8 / 15
Stacker

#8. O'Donnell, O'Donnell

- 1-year price change: +$16,865 (+13.2%)
- 5-year price change: +$54,356 (data not available)
- Typical home value: $144,219 (#8 most expensive city in metro)
9 / 15
Stacker

#7. Buffalo Springs, Buffalo Springs

- 1-year price change: +$18,300 (+7.3%)
- 5-year price change: +$82,998 (+44.9%)
- Typical home value: $267,737 (#3 most expensive city in metro)
10 / 15
Stacker

#6. Tahoka, Tahoka

- 1-year price change: +$22,158 (+15.6%)
- 5-year price change: +$82,998 (data not available)
- Typical home value: $164,454 (#7 most expensive city in metro)

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11 / 15
Stacker

#5. Lubbock, Lubbock

- 1-year price change: +$28,873 (+15.9%)
- 5-year price change: +$59,140 (+39.2%)
- Typical home value: $209,934 (#6 most expensive city in metro)
12 / 15
Stacker

#4. Idalou, Idalou

- 1-year price change: +$35,087 (+19.0%)
- 5-year price change: +$62,006 (+39.3%)
- Typical home value: $219,709 (#5 most expensive city in metro)
13 / 15
Stacker

#3. Wolfforth, Wolfforth

- 1-year price change: +$37,106 (+14.8%)
- 5-year price change: +$75,522 (+35.5%)
- Typical home value: $288,438 (#2 most expensive city in metro)
14 / 15
Stacker

#2. Shallowater, Shallowater

- 1-year price change: +$38,045 (+16.7%)
- 5-year price change: +$89,456 (+50.8%)
- Typical home value: $265,673 (#4 most expensive city in metro)
15 / 15
Stacker

#1. Ransom Canyon, Ransom Canyon

- 1-year price change: +$56,534 (+17.3%)
- 5-year price change: +$105,642 (+38.2%)
- Typical home value: $382,413 (#1 most expensive city in metro)

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