Lubbock is the 107th largest multifamily market with 25,812 completed units and 1,224 units in development, 317 of which have already broken ground, as of December 2021.
Lubbock Multifamily Market Summary – December 2021
New lease asking rents are at $1,018, up 4.2%▲
from the previous year placing Lubbock at
117th overall in year-over-year rent growth.