The U.S. Department of Housing and Urban Development’s Economic and Market Analysis Division has prepared a Comprehensive Housing Market Analysis for the Lubbock, Texas market area. The report analyzes the economic, demographic, and housing inventory characteristics of the area and presents counts and estimates of employment, population, households, and housing inventory.
- estimated overall vacancy rate of 8.2 percent;
- demand is expected for 1,000 new rental units over the next three years;
- approximately 670 units currently under construction.
