Metro area index
Home appreciation in the Lubbock, TX metro area
FHFA HPI® data shows the Lubbock, TX metro area's all-transactions index changed +2.3% over the year to Q2 2026, versus +1.6% for Texas and +3.0% for the U.S. That ranks 270th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +2.3%
- 5-year change
- +28.2%
- Since Q1 1995
- +196%
- Metro rank (1 year)
- 270th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Lubbock, TX vs Texas and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Lubbock, TX: 296.3
- Texas: 409.6
- United States: 391.6
Appreciation by time window
| Window | Metro | TX | U.S. | Gap vs TX | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +2.3% | +1.6% | +3.0% | +0.7 pts | −0.8 pts |
| 3 years | +6.3% | +6.2% | +12.9% | +0.1 pts | −6.5 pts |
| 5 years | +28.2% | +34.4% | +41.3% | −6.1 pts | −13.1 pts |
| 10 years | +62.9% | +87.1% | +93.3% | −24.2 pts | −30.4 pts |
| Since Q1 1995 | +196% | +310% | +292% | −113.3 pts | −95.2 pts |
3-digit ZIP regions in the Lubbock, TX area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 794 · Lubbock, TX area | TX | +1.4% | +26.9% | +191% | 100% |
| 793 · Levelland, TX area | TX | +2.3% | +28.2% | +196% | 48% |
Boom, bust, and recovery in Lubbock, TX area
Lubbock, TX area's index peaked in Q1 2009, fell 1.6% to its low in Q1 2010, and regained its peak in Q3 2010, about 1.5 years after the top. Today it sits +89.1% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q1 2009 | Q1 2010 | -1.6% | Q3 2010 (1.5 yrs) | +89.1% |
| TX | Q1 2009 | Q2 2011 | -4.2% | Q2 2013 (4.2 yrs) | +134% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Lubbock, TX area's index has changed +33.8% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | TX after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | -1.5% | -2.2% | -0.8% |
| 3 years | +9.8% | -3.2% | -3.3% | +2.8% |
| 5 years | +24.0% | +3.4% | +8.3% | +13.9% |
| 10 years | +39.1% | +17.1% | +34.5% | +39.0% |
| Since Q1 1995 | +121% | +33.8% | +85.0% | +76.8% |
If you bought in the Lubbock, TX area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +196% | $886,950 |
| Q2 2000 | +162% | $785,604 |
| Q2 2005 | +109% | $627,286 |
| Q2 2010 | +90.1% | $570,158 |
| Q2 2015 | +68.1% | $504,391 |
| Q2 2020 | +42.2% | $426,558 |
| Q2 2021 | +28.2% | $384,661 |
| Q2 2023 | +6.3% | $318,966 |
| Q2 2025 | +2.3% | $306,845 |
Frequently asked questions
- How much have home prices risen in the Lubbock, TX area?
- FHFA HPI® data for the Lubbock, TX metro area shows changes of +2.3% over one year, +28.2% over five years, and +62.9% over ten years to Q2 2026, and +196% since Q1 1995.
- Is the Lubbock, TX area beating the national average?
- Over the past year the metro's index moved −0.8 pts versus the U.S.; over five years the gap is −13.1 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.