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Lubbock Times

Sunday, December 22, 2024

Lubbock 1-bedroom rent decreases by 1.6% in May

Re 14

Rental prices for 1-bedroom units in Lubbock decreased by 1.6 percent in May compared to the previous month, according to Zumper.

The average price for a 1-bedroom in Lubbock was $630, representing over the previous year.

According to RealPage, May of 2020 saw the first year over year decline in asking rents since 2010. While in September of 2020, the average home price on Realtor.com was over $350,000, up over 10 percent from the previous year according to Norada.

Single Bedroom Pricing
City NameMedian PriceMonthly Change %Annual Change %
Lubbock$630-1.60

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