




$225,000
2702 31st Street, Lubbock, TX, 79410
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About this property
Spacious 5-bedroom, 3-bath home with a balcony and 2-car carport — purpose-built for the Texas Tech rental market. This property previously rented at $2,800/month and has the layout and square footage to command $3,000+ once updated. Located in the heart of Tech Terrace, one of Lubbock's most sought-after student neighborhoods. Students can walk to coffee shops and a grocery store, and the property sits directly in front of a Texas Tech bus stop — making it effortless to get to campus without a car. Location like this is a major selling point when it comes time to lease. We're early in the summer, giving the right investor plenty of runway to renovate and have it tenant-ready before the fall semester. The bones are solid, the floor plan works, and the upside is clear — this one just needs a little attention to reach its full potential. Don't miss the window to get ahead of the back-to-school rush.
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Learn About the Market: Opportunity in Texas




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Texas
Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Lubbock
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