Lubbock, TX - House Price Index (HPI)
Lubbock Real Estate Market Forecast
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The House Price Index (HPI) shows changes in Lubbock, TX single family home prices in logarithmic
scale. The March, 1995 index value equals 100.  Updated Tuesday, June 30, 2015. Real estate
forecasts, analysis, statistics and appreciation rates are provided below.
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Lubbock Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18651
3rd Quarter, 2014 Housing Statistics: Lubbock, Texas


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      73%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Lubbock housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Lubbock is 73%. In other words, when tested against historical
data, the forecasting methodology was correct 73% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lubbock is 73% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2015 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Lubbock
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      81%

The forecast for the trend in the Lubbock housing market for the 3 years
ending with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend
Prediction for Lubbock is 81%. In other words, when tested against historical
data, the forecasting methodology was correct 81% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Lubbock is 81% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2017 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Lubbock
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Lubbock, Texas


Historical Home Price Appreciation
Last Quarter                         1.29%
Last Year                              6.4%
Last 5 Years                         10%
Last 10 Years                       25%
Last 20 Years                       74%



Annual Home Price Appreciation Rates
1984      -10.01%
1985      8.85%
1986      2.18%
1987      -1.27%
1988      2.62%
1989      -5.40%
1990      2.74%
1991      1.40%
1992      6.38%
1993      5.58%
1994      1.44%
1995      3.46%
1996      2.66%
1997      1.36%
1998      3.96%
1999      2.74%
2000      2.48%
2001      5.47%
2002      5.30%
2003      4.86%
2004      3.35%
2005      3.41%
2006      3.64%
2007      0.98%
2008      1.64%
2009      0.83%
2010      1.90%
2011      -0.39%
2012      1.87%
2013      3.80%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.29%         Rank: 208 of 381 (45th Percentile)
Last Year  . . . . . . . . . . . . . . . .  6.4%           Rank: 106 of 381 (72nd Percentile)
Last 5 Years                              10%            Rank: 72 of 381 (81st Percentile)
Last 10 Years  . . . . . . . . . . . .   25%            Rank: 62 of 381 (83rd Percentile)
Last 20 Years                            74%            Rank: 194 of 378 (48th Percentile)


The change in home prices for Lubbock, TX are shown above for five time
periods. For example: Lubbock appreciated 1.29% in the Last Quarter. At that
rate, the Lubbock Real Estate Market was ranked 208th out of 381 metropolitan
Real Estate Markets. Lubbock was in the 45th percentile. So Lubbock, TX
performed better in the Last Quarter than 45% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Lubbock, Texas

The all time high in the Lubbock Home Price Index was 170.8 in the 3rd
Quarter, of 2014.  The Home Price Index indicates that the Lubbock Market is
up 25% over the last 10 years. Home prices in the Lubbock Real Estate Market
have gained 6.36% over the last 12 months. Over the last thirty years, it is up
105%.

The 3rd Quarter index value was 2.17 points higher than the 2nd Quarter, 2014
index value of 168.61, resulting in a 1.29% rise in the 3rd Quarter for the
Lubbock Market.

The Lubbock Home Price Index has increased for the last 2 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in
the last 13 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Terre Haute, IN, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Lubbock Real Estate
Market was 17% in the twelve months ended with the 4th Quarter of 1981. The
worst annual change in home values  in the Lubbock Market was -10% in the
twelve months ended with the 4th Quarter of 1984.

The highest growth in home values in the Lubbock Real Estate Market over a
three year period was 16% in the three years ended with the 4th Quarter of
2003. The worst performance over a three year period in the Lubbock Market
was -11% in the three years ended with the 4th Quarter of 1984.

This page provides a long term graph of the Lubbock Home Price Index
(above). For information about Texas home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Lubbock Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Lubbock Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Lubbock Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2014 Housing Data: Lubbock, Texas

The trend of Lubbock Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period.

Last Quarter:
During the 3rd Quarter of 2014, Lubbock Home Prices had a rank of 208, with
appreciation of 1.29%. The top performing real estate market during the 3rd
Quarter was Johnstown, PA, with a rise of 7.10%. The worst market during that
period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, Lubbock Home Prices had a rank of 106, with
appreciation during the year of 6.36%. The top performing market during the
last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, Lubbock Home Prices
ranked 72, with a total appreciation of 10.5%. The top performing real estate
market during the 5 year period was Merced, CA, with a growth in value of 45%.
The worst market during that period was Ocala, FL, with appreciation of -16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, Lubbock Home Prices
had a rank of 62, with appreciation during the decade of 25%. The top
performing market during the period was Midland, TX, with a rise of 129%. The
worst real estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, Lubbock Home Prices
had a rank of 194, with total growth over the 20 year period of 74%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 229%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

Historical research data on the Home Price Index for the Lubbock Real Estate
Market is available back to the 3rd Quarter, of 1981. All calculations are based
on the quarterly value of the House Price Index for Lubbock. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)





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