Median Home PriceBETTER
$208,878.83
Median RentBETTER
$1,307.7/mo
Price-to-Rent RatioBETTER
13.3
Property Tax RateTIE
1.80%
Price Change (1Y)BETTER
-0.7%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
−$88,860
Median Home Price
$253,965.49
Median Rent
$1,483.97/mo
Price-to-Rent Ratio
14.3
Property Tax RateTIE
1.80%
Price Change (1Y)
-1.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
−$121,053
Key Differences
Home Prices
Lubbock's median home price of $208,878.83 is lower than Waco's $253,965.49 by 18%.
Monthly Rent
Renting in Lubbock costs $1,307.7/mo compared to $1,483.97/mo in Waco—a difference of $176.27/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.