Welcome to the College Real Estate Page for Texas Tech University in Lubbock, Texas. Many parents ponder whether they should buy or rent while their students attend college. For some the answer is to buy and for others the answer is to rent. College Real Estate hopes to help you find which is the right answer for you. Another great tool in helping you decide is our College Real Estate guide book that walks you through the entire process of buying student property. We hope you find this site useful and welcome any and all feed back. If you would like to be connected with a College Real Estate's exclusive Realtor in Lubbock, Texas please visit our buying page. If you have decided that buying student housing is not the right answer for you and would like to be connected with a leasing specialist please visit our leasing page.
Lubbock, TX - It’s the largest city in Texas’ panhandle, and home to the Texas Tech Red Raiders. Lubbock serves as the economic and agricultural hub. In fact, that’s why Lubbock’s alias is “The Hub City”.
Texas Tech University is the 5th largest college in the great state with an enrollment of nearly 50,000 students and 2,384 as faculty. The Red Raiders are proud members of the Big 12 conference, and Red Raider spirit is never in short supply. Tech is one of the only schools in the world to house a university, law school, and medical school at the same location.
Tuition fees for undergrads were listed as $6,339 on average for the 2006-2007 year. Room and board averaged $7460; room only: $3980. Of course, room and board charges vary according to board plan and housing facility.
According to the Lubbock Association of Realtors (LAR), home sales for July 2007 in Lubbock fell by 1.2 percent to 411 units on a dollar volume of $53.69 million, compared to year ago sales of 442 units on a dollar volume of $54.39 million. In Lubbock, LAR pegged the median price at $108,500. That is a 3.38 percent increase, compared to $104,950 for the same year ago period.[Lubbock Avalanche-Journal ]5 year appreciation in the Lubbock housing market was reported as 23.34% in 2006
Generally speaking, student housing in Lubbock is relatively inexpensive. High seasons for renting are December and August due to the volume of students seeking college housing, and you’ll want to begin looking at least a month in advance.
Average rent /1 bedroom apartment: $521 Average rent /2 bedroom apartment: $645
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