Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Parkway and Cherry Point area can be challenging. Home prices in Parkway and Cherry Point are now at a median cost of $55,608, lower than the Lubbock average of $164,249.
The average cost of rent is $889/mo in Parkway and Cherry Point, primarily driven by the current value of real estate in the Parkway and Cherry Point area. While nearly 73.36% of residents own their homes outright in Parkway and Cherry Point, 49.52% rent.
Housing affordability isn’t just about home prices, though. The average household income in Parkway and Cherry Point is $3,283 per month. Households that rent pay about 27.07% of their income on rent here. Parkway and Cherry Point's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- North Overton, Lubbock, TX: higher priced homes
- South Overton, Lubbock, TX: higher priced homes
- Clapp Park, Lubbock, TX: higher priced homes
- Arnett Benson, Lubbock, TX: higher priced homes
- Tech Terrace-U.N.I.T., Lubbock, TX: higher priced homes
- Bayless Atkins, Lubbock, TX: higher priced homes
- Caprock, Lubbock, TX: higher priced homes
- Waters, Lubbock, TX: higher priced homes
- University Pines, Lubbock, TX: higher priced homes
- Bowie, Lubbock, TX: higher priced homes
Neighborhoods with Similar Populations
- Jacksonville Heights West, Jacksonville, FL: higher priced homes
- Stonybrook-Wilshire, York, PA: higher priced homes
- South Hagginwood, Sacramento, CA: higher priced homes
- Sierra Montana, Surprise, AZ: higher priced homes
- Shoreview, San Mateo, CA: higher priced homes
- Seven Bar Ranch, Albuquerque, NM: higher priced homes
- Kenawood-Rockwood, Lexington, KY: higher priced homes
- Juneau Town, Milwaukee, WI: higher priced homes
- Jingletown, Oakland, CA: higher priced homes
- Sunnyside-Flagstaff, Flagstaff, AZ: higher priced homes
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