Overview of Lubbock

Summary

This video provides an in-depth overview of Lubbock, Texas, with a focus on key neighborhoods, property values, and the influence of Texas Tech University. It highlights areas with low, medium, and high property values, the growth of South and Southwest Lubbock, and the East Side’s reputation. The video also covers student rental markets, residential developments, and key local amenities, such as Covenant Medical Center and the medical district. The city's ongoing redevelopment, particularly downtown, and emerging neighborhoods provide valuable insight for those interested in investing or living in Lubbock.

Takeaways

• 😀 The airport is located in the northern part of Lubbock, with upscale houses near the country club, but it's outside of the city center.
• 😀 The East side of Lubbock, particularly east of Avenue Q, has a bad reputation, with rundown areas and lower property values.
• 😀 Texas Tech University is a major landmark in Lubbock, being the largest university in the U.S. by land area. Areas around the university are important for student rentals.
• 😀 Tech Terrace, located between 19th and 34th streets, has been revitalized over the past decade, with high rental prices due to demand.
• 😀 South and North Overton are undergoing similar revitalization processes as Tech Terrace, with new businesses and increasing property values.
• 😀 The East side of Lubbock has lower property values and a negative stigma, but some investment opportunities exist in the area.
• 😀 The Southwest and South areas of Lubbock are seeing new developments, with many new homes being built, particularly near Lake Ridge Country Club.
• 😀 Woforth is a popular area for families, especially because of the highly sought-after Friendship High School, driving demand for homes in that district.
• 😀 The area around 19th Street, Quaker, and Greek Circle is significant for student housing, with some upscale houses and a concentration of sorority and fraternity houses.
• 😀 The Medical District, which includes Covenant Medical Center and Lubbock Heart Hospital, is an important area for families and healthcare professionals.
• 😀 Downtown Lubbock is being redeveloped and revitalized, with new businesses, art shows, and other events, making it an emerging area in the city.

Q & A

What is the general reputation of the East Side of Lubbock?

The East Side of Lubbock is known for having lower property values and a rougher reputation. It is often stigmatized as a 'ghetto' area, though there are still investment opportunities due to its proximity to Texas Tech University.

What are the rental prices like in Tech Terrace compared to other areas?

In Tech Terrace, rental prices are higher compared to other areas. Rent is approximately $1,000 per bedroom, which means a three-bedroom house would cost around $3,000 per month. In contrast, nearby areas like South and North Overton offer much cheaper rent, around $400 per bedroom.

What are some of the new developments in South and Southwest Lubbock?

South and Southwest Lubbock are undergoing significant development, with many new homes being built. Areas like Lake Ridge Country Club are prestigious and desirable, and new subdivisions are emerging further south, towards 130th Street.

How does Texas Tech University impact Lubbock's real estate market?

Texas Tech University has a huge influence on Lubbock's real estate market. Many areas, especially around the university, cater to student rentals, and neighborhoods like Tech Terrace, South and North Overton, and areas along Broadway are in high demand for student housing and investments.

Why is Wolfort a desirable location for families?

Wolfort is desirable for families primarily because of its proximity to **Friendship High School**, a highly sought-after school in the region. The area has been growing as people move there for the quality of education and family-friendly environment.

What is the reputation of the Medical District in Lubbock?

The Medical District, which includes Covenant Medical Center and Lubbock Heart Hospital, is a key area for medical professionals. It has a positive reputation due to its access to healthcare services, and nearby properties are often in demand by individuals working in the healthcare industry.

What is the significance of Loop 289 in Lubbock's urban development?

Loop 289 is a major highway that encircles Lubbock. It is a key transportation route and plays a significant role in urban development, particularly in areas like West Lubbock, where new businesses, strip malls, and residential properties are being built along the loop.

What makes the Greek Circle area unique in Lubbock?

The Greek Circle area is home to all the sorority and fraternity houses, making it a unique part of Lubbock. The area offers a mix of student rentals and higher-end homes, and it is situated near Quaker Avenue, a popular area for student housing.

What are the property values like in the 'Heart of Lubbock'?

The 'Heart of Lubbock' is located near 19th Street and University Avenue. The area is seen as being about 10 years behind in development compared to other parts of Lubbock, like Tech Terrace, but it is expected to gentrify in the future, making it a good area for potential investment.

What are the key differences between Lubbock's neighborhoods near Texas Tech and those further south or west?

Neighborhoods near Texas Tech, such as Tech Terrace, South and North Overton, and the Medical District, have higher rental rates and are popular with students. In contrast, areas further south, like Lake Ridge and Southwest Lubbock, are more suburban, with newly developed homes and a more family-oriented atmosphere.