Lubbock
About Lubbock, Texas
Welcome to Lubbock, Texas, a city that embodies the spirit of West Texas through its rich musical heritage, educational institutions, and strong sense of community. Known as the "Hub City," Lubbock serves as a focal point for culture, healthcare, and economics in the region. The city boasts a vibrant arts scene, including the Buddy Holly Center, which pays homage to its famous son, and offers a plethora of parks, dining options, and entertainment venues. With its thriving economy, diverse neighborhoods, and commitment to education and innovation, Lubbock offers a quality of life that appeals to students, families, and professionals alike.
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Average Home Prices in Lubbock
The average home price in Lubbock, TX, stands at approximately $204,532.
Based on calculations of home data from MLS and/or public records.
Veteran Benefits in Texas
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Texas Veterans Homes
Texas provides nine veterans homes located in Amarillo, Big Spring, Bonham, El Paso, Floresville, Houston, McAllen, Temple, and Tyler, catering to veterans and their eligible dependents with a variety of services based on income.
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Texas Veteran Financial Benefits
Texas offers a total property tax exemption for 100% disabled veterans and their surviving spouses. Veterans with 10 - 90% VA disability ratings receive assessed value reductions on their home's value, with some counties offering additional homestead tax exemptions.
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Free Drivers License for Disabled Veterans
Texas grants free driver licenses or ID cards to veterans with a service-connected disability of at least 60% and an honorable discharge.
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Veteran Home Loans
The Texas Veterans Land Board provides below-market interest rates for home and land loans to veterans, including special rates for disabled veterans.
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Veterans Home Improvement Program
VHIP offers up to $50,000 for home improvements for qualifying veterans, aiming to enhance the livability of their homes.
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Texas Veteran Education Benefits
The Hazlewood Act provides up to 150 hours of tuition-free education for eligible veterans and their dependents at state schools, not covering fees associated with books or living expenses.
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Veterans Employment Preference
Texas awards employment preference to wartime veterans, widows, and children of those killed on active duty in state agencies or offices.
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Military Time Credit Towards State Retirement
Texas allows non-retired veterans to buy active duty military time towards state retirement, enhancing their benefits.
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Veteran Entrepreneur Program
This program offers consultation and assistance to veteran entrepreneurs in Texas, supporting their business endeavors.
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Texas Veterans Cemeteries
Texas maintains state veterans cemeteries in Abilene, Corpus Christi, Killeen, and Mission, providing burial benefits for veterans and their eligible family members without charge.
Lubbock Neighborhoods and Surrounding Areas
Lubbock's neighborhoods offer a mix of traditional charm and modern amenities, catering to a variety of lifestyles and preferences. Here's an overview of 20 notable neighborhoods in Lubbock:
- Tech Terrace: Known for its proximity to Texas Tech University, this neighborhood is popular among students and faculty, offering a vibrant community and beautiful historic homes.
- Lakeridge: An upscale neighborhood featuring luxurious homes, a country club, and a golf course, Lakeridge provides a serene and affluent living experience.
- Wolfforth: A small town on the outskirts of Lubbock, Wolfforth is known for its excellent schools and close-knit community, offering a slower pace of life while still being accessible to city amenities.
- Southwest Lubbock: This rapidly growing area is known for its modern housing developments, shopping centers, and dining options, appealing to families and young professionals.
- North Overton: Recently revitalized, North Overton is close to the university and downtown, attracting students and young adults with its convenient location and newer housing.
- Maxey Park: Adjacent to the medical district, Maxey Park is ideal for healthcare professionals and families, known for its park, community feel, and accessibility.
- Shadow Hills: A family-friendly neighborhood with spacious homes, parks, and good schools, Shadow Hills is ideal for those seeking a suburban lifestyle.
- Melonie Park: This established neighborhood is favored for its well-maintained homes, mature trees, and proximity to shopping and schools.
- Rush: Featuring large, upscale homes in a quiet, leafy setting, Rush is one of Lubbock's most prestigious neighborhoods.
- Ransom Canyon: Located just outside Lubbock, this unique community offers scenic views and distinctive homes around a beautiful lake.
Military in Lubbock
While Lubbock is not home to a major military base, it has a proud military history and a supportive community for veterans and service members. The city honors its military heritage through various memorials and veteran-focused events.
Local Universities in Lubbock
- Texas Tech University: A major research university offering a wide array of undergraduate and graduate programs, Texas Tech is a cornerstone of Lubbock's education and culture.
- Lubbock Christian University: Known for its commitment to Christian values and academic excellence, LCU provides a range of degree programs in a close-knit community setting.
VA Home Loans in Lubbock with MHS Lending
MHS Lending is dedicated to assisting veterans in Lubbock, a city with deep-rooted respect for military service. Specializing in VA home loans, MHS Lending offers personalized support and expertise to help veterans achieve homeownership. With a thorough understanding of the Lubbock real estate market, MHS Lending is committed to guiding veterans to find their ideal home.
Benefits of working with MHS Lending in Lubbock include:
- Comprehensive Market Knowledge: Expert insights into Lubbock's real estate market, ensuring veterans find homes that meet their needs and preferences.
- VA Loan Expertise: Detailed guidance on the VA loan process, helping veterans take full advantage of their benefits.
- Customized Assistance: Personalized service that focuses on the unique circumstances of veteran homebuyers in Lubbock.
Explore Lubbock's housing market with MHS Lending and learn how VA home loans can facilitate your home purchase in this dynamic city.