Lubbock Tools
How much house can I afford in Lubbock?
Get a real, Lubbock-specific answer. Includes local property taxes and hail-country insurance rates by default.
By Adam Cavazos, Texas Realtor®
Aycock Realty Group · Lubbock, TX · Licensed & active
Your numbers
You can afford up to
$337,000
Monthly payment: $2,824 (P&I $2,056 + tax $618 + ins $150)
How this was calculated
Your max total housing budget is $3,225/mo (43% of gross monthly income). Minus your $400/mo in existing debt, that leaves room for a home that fits P&I + taxes + insurance inside your budget.
Real approvals depend on your credit score, employment history, reserves, and loan type. Get a real pre-approval from a trusted Lubbock lender before shopping seriously.
FAQ
How much house can I afford in Lubbock on a $100k salary?
As a general rule, someone earning $100k with modest debt (~$400/mo) and 5% down can typically qualify for a Lubbock home in the $340,000–$400,000 range. This calculator gives you a more precise number based on your specific inputs.
What debt-to-income ratio do lenders use?
Conventional loans typically cap total DTI (all debts + new house payment) at 43%–50%. FHA loans go higher. This calculator defaults to 43% — a conservative cap that keeps you comfortably qualified.
Does the affordability number include property taxes and insurance?
Yes. Lubbock property taxes (defaulted to 2.2% of home value) and estimated insurance are baked into the monthly payment calculation, so the affordability number reflects your true total housing cost.
Should I stretch to my max approved amount?
Rarely. Being approved for $400k doesn't mean you should buy at $400k. Leaving 5%–15% headroom keeps you comfortable if rates rise, insurance jumps, or life changes. I'll help you find that sweet spot.
Ready to shop? Browse homes under $300k, under $400k, or under $500k — updated daily from the MLS.