Affordable
Expensive
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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 $68,361, lower than the Lubbock average of $218,441.
The average cost of rent is $1,001/mo in Parkway and Cherry Point, primarily driven by the current value of real estate in the Parkway and Cherry Point area. In Parkway and Cherry Point, 50.32% of households rent, and 89.42% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Parkway and Cherry Point is $3,207 per month. Households that rent pay about 31.20% of their income on rent here. Parkway and Cherry Point’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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
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- 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
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