Under $500K Investment Properties for Sale in Lubbock, TX
128- 3 Bed
- 2 Bath
- 1800 sft
192- 3 Bed
- 2 Bath
- 1602 sft
118- 3 Bed
- 2 Bath
- 1296 sft
391- 3 Bed
- 2 Bath
- 1574 sft
Why Invest in Lubbock, Texas?
Lubbock, TX offers strong investment opportunities in properties under $500k, with median home prices around $235k providing accessible entry points.[1] Affordable pricing at $141.5 per square foot—21.7% below Texas average—supports solid cap rates and cash flow potential.[4] Steady 3.1% YoY appreciation and growing renter demand make it ideal for buy-and-hold strategies.[1] Texas A&M forecasts stable rents and moderate home price growth through 2026, enhancing long-term returns.[6] Low days on market signal reliable tenant placement and portfolio expansion.
Frequently Asked Questions
Expect avgROI around 8-9% with 6-7% cap rates due to $235k median prices and steady rents.[1][4] Rental yields hit 7%+ from student and workforce demand. Cash flow averages $400-500 monthly after expenses.
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