The Most Affordable Neighborhoods in Tech Terrace-U.N.I.T., Lubbock, TX by Home Value

 

Tech Terrace-U.N.I.T., Lubbock, TX Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Tech Terrace-U.N.I.T. area can be challenging. Home prices in Tech Terrace-U.N.I.T. are now at a median cost of $289,983, higher than the Lubbock average of $218,441.

The average cost of rent is $1,324/mo in Tech Terrace-U.N.I.T., primarily driven by the current value of real estate in the Tech Terrace-U.N.I.T. area. In Tech Terrace-U.N.I.T., 59.85% of households rent, and 44.48% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Tech Terrace-U.N.I.T. is $4,448 per month. Households that rent pay about 29.78% of their income on rent here. Tech Terrace-U.N.I.T.’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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