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![Cayson Pearl's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2812127/1695674167-avatar-caysonp.jpg?twic=v1/output=image/cover=128x128&v=2)
Housing Shortage in Lubbock?
Do you feel like there is a housing shortage at all in Lubbock? I am trying to gauge the rental market here. I am new to the area, and I feel like the general consensus is that it's overpriced, but is the supply there? Open to any other opinions about the Lubbock Market.
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Hi Cayson, how you feel there's a shortage? thanks
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Hi Cayson,
We have healthy amount of inventory here in Lubbock, I wouldn't say that there's a housing shortgage at all, in fact we have 3 1/2 months worth of inventory on the market at the moment. I'd love to discuss more.
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Tulsa, OK
$231,902 - Median Home Value
5.97% - YoY Rent Growth
$1,351 - Median Rental Income
0.58% - Rent/Price Ratio
4.56% - Appreciation
0.77% - Population Growth Rate
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I am not sure there's any tertiary market in TX that is experiencing a shortage of inventory right now. From what I am seeing, there is either a slight oversupply or things are somewhat balanced.