Free Tool from Justin Lowrey | The Lowrey Group

Lubbock Investment
Property Analyzer

Score any Lubbock property from 1-100 based on real investment fundamentals — rent-to-price ratio, tax burden, market demand, and proximity to Texas Tech and Covenant Health. No fluff. Just the math.

Common Questions About Lubbock Rental Properties

What is a good rent-to-price ratio in Lubbock TX?

A rent-to-price ratio above 1% is generally considered strong in Lubbock. For example, a $185,000 property renting for $1,850/month hits the 1% rule. Many Lubbock properties near Texas Tech or medical corridors can hit this threshold.

What are property taxes like in Lubbock TX?

Lubbock's effective property tax rate runs around 2.2%. On a $200,000 home that's roughly $4,400/year. To find the exact taxes on any property: go to lubbockcad.org, type the property address into the search bar, and look for the line that says "Appraised Value." Multiply that number by 0.022 and that gives you the estimated annual taxes. Takes about 30 seconds.

How do I estimate rent for a Lubbock property?

The easiest free tool is rentometer.com. Type in the property address, the number of bedrooms, and it shows you what similar properties in that area are actually renting for — average, low, and high. Takes about 60 seconds. You can also check Zillow's rent estimate tool or search active Lubbock rentals on Facebook Marketplace to see what landlords are actually asking right now.

How do I find the average price per square foot in a Lubbock neighborhood?

The quickest way is to go to zillow.com and search recently sold homes in the same neighborhood. Filter by "Sold" in the last 6 months, find 3-5 homes similar in size, then divide each sale price by its square footage and average those numbers. For example — a 1,500 sqft home that sold for $180,000 is $120/sqft. Do that for 4-5 comps and you've got a solid area average. You can also call or text Justin at (806) 831-9301 and he can pull the exact number from MLS in about 2 minutes.

What neighborhoods in Lubbock are best for rental investment?

Areas near Texas Tech University, the medical district around Covenant and UMC, and established south Lubbock neighborhoods tend to perform well for rental investors due to consistent demand and strong occupancy rates.

How do I get started investing in Lubbock real estate?

Start by running the numbers on a property using the tool above. Then call Justin Lowrey at (806) 831-9301 — he works with investors across Lubbock every day and can help you identify properties that actually pencil out.