Can You Afford One of Lubbock’s Wealthiest Neighborhoods?

My family can't be the only one who would drive past rich people homes in awe, wondering what it is the owners do and how they could afford such a beauty.

It turns out that Lubbock, Texas, has quite a few head-turners when it comes to fancy neighborhoods. But, which one stands out above them all, and how much do you need to earn each year to afford such a castle? Let's find out!

Lubbock's Expensive Neighborhoods

According to Texas Real Estate Source, one of the most expensive neighborhoods in the Hub City is Highland Oaks (shout-out if that that's where you live).

Keep scrolling to see the full list of Lubbock's richest neighborhoods. 👇👇

According to Re/Max, the lowest priced Highland Oaks house that was sold in 2024 was a 2,701 sq. ft. home for $577,000. This is still about 200 grand less than the average priced home in the neighborhood which sits comfortably at $760,000.

Hold onto your hats for this, because the most expensive Highland Oaks home sold in 2024 had a price tag of $1,450,000. That's right, for just one and a half million bucks, this 8,424 sq. ft. palace was snatched up by one lucky buyer.

How to Afford Living in Highland Oaks, Lubbock, TX

So, I was curious. I thought to myself, "how much does someone need to earn each year in order to live in Highland Oaks here in Lubbock?" Well, thanks to Google A.I., we have an answer!

It turns out that in order to afford the average home in Highland Oaks with a small family, you need to have an annual salary of at least $81,237 or a wage of $32.56 an hour.

Obviously, that doesn't take into account however many vehicles you and your spouse own, probably at least two, and groceries. Then all the other expenses that a small family would have to account for.

How to Afford Living Large in Lubbock, TX

Let's see, given that the average new car for sale in Lubbock is priced around $60,000, and average grocery trip runs about $300, you've got quite a bit of extra cash to account for when budgeting your expenses in Highland Oaks.

Lubbock is a wonderful place to raise a family. The tough part is just making sure you find the best deal when deciding where to plant your roots, no matter what neighborhood you choose.