Rent-to-Own Homes in Lubbock, TX: What You Need to Know
Lubbock, Texas is a big city with a small-town feel. There is a plethora of job opportunities in a variety of fields. The cost of living is low, appealing to a younger crowd. The weather is gorgeous and lets residents enjoy all four seasons. The schools here are great for those interested in raising a family or for attracting college students.
Lubbock, Texas has a rich job market. The major job industries located here are Education, Research, Healthcare, Agriculture, and Manufacturing. There are 44 Fortune 500 companies located here as well. The market has increased by 2.4% in this last year and is projected to grow by nearly 40% in the next ten years. The median income of a Lubbock resident is $24,168 per year.
Cost of Living
Overall, Lubbock, Texas is 8% less expensive than the national average. Healthcare is 1% cheaper than the country’s average as well. Housing is, in total, 18% less expensive. The median home price here is $133,200, and homes have appreciated 33.3% over the last ten years. The average apartment in Lubbock is only $818 per month, whereas one-bedrooms cost around $720. Two-bedrooms are usually about $865 per month.
Weather and Climate
Lubbock affords its residents the warm, sunny summers that are so notorious in Texas, however, ice storms are common here in the winter. Residents can enjoy a full four-seasons experience. Lubbock has a cool, semiarid climate meaning the summers are brutally hot and long, while the winters are bitterly cold and short. January and December are the two coldest months here, though there can be snow through April. The warmest month is July, with temperatures usually peaking at 93°F. Lubbock will see about 19 inches of rain per year.
Schools and Higher Education
There are 102 public schools to educate the 51,010 students of Lubbock. Lubbock County has, out of Texas as a whole, some of the most top-ranked public schools. There are also 13 private schools here, teaching 3,215 students. For those interested in higher education, Texas Tech University and Lubbock Christian University are both located here.
High school football is a big deal here. Everyone attends games. The Texas Tech football team, the Red Raiders, are beloved. The Masked Rider is a common face in Lubbock and appears at lots of events.