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Real Estate

Metro area population: 268,438
Median home price: $113,000
12-month change in home value: +4.6%
Home value vs. national median ($180,200): -37%
Top employer: Texas Tech University
Unemployment: 4.2%



Like many other Texas cities, Lubbock's well diversified economy, spurred by education and research, health care, and manufacturing keeps unemployment and foreclosures low. Sometimes called a "hub city," the western Texas town serves as a distribution center to many cities in Texas and New Mexico. With almost 30,000 students, Texas Tech University is also a vital part of Lubbock's economy.

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More Great Slide Shows:
Ten Cities for Shrinking Home Prices
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8 Remodeling Projects That Pay Back