Lubbock, TX
Lubbock, TX landlord and rental property insurance
Coverage for rental homes and 2–4 unit buildings in Lubbock, with local Census housing data. A quote is not a binder.
Lubbock is home to roughly 272,086 people in Lubbock County, and about 49% of its 107,086 occupied homes are rented rather than owner-occupied, above the Texas rate of 37%. That mix shapes who is buying landlord coverage here and what underwriters expect to see.
Census snapshot: Lubbock housing
| Measure | Lubbock | Texas |
|---|---|---|
| Renter-occupied homes | 49% (52,270) | 37% |
| Median owner-occupied home value | $212,400 | $283,800 |
| Median gross rent | $1,182/mo | $1,403/mo |
| Median year structure built | 1984 | 1992 |
| Homes in 2–4 unit buildings | 9% | 5% |
| Single-family homes (detached or attached) | 68% | 67% |
Data: Census ACS 5-year estimates for 2020–2024 via Census Reporter, and Census Vintage 2024 population estimates.
What home values in Lubbock mean for your dwelling limit
Lubbock's median home value, roughly $212,400, gives a rough sense of what rentals here are worth; the state median is $283,800. For insurance, ask for a replacement-cost estimate on your specific building.
If your rental is insured somewhere around Lubbock's median, the closest NAIC benchmark is the $200,000–$224,999 band, where the 2023 Texas dwelling-fire average was $1,625. The all-amounts state figure was $1,226.
Loss-of-rents planning in Lubbock
The Census median gross rent for Lubbock, $1,182 per month, is a reasonable starting point for fair rental value. At that rate, 12 months is about $14,184 per unit.
Older vs. newer rentals in Lubbock
With a median year built of 1984, many Lubbock rentals are reaching the age where original roofs, water heaters, and HVAC units are replaced. Note those dates on your request.
Lubbock's mix of rental buildings
Roughly 68% of Lubbock homes are single-family, 9% sit in small 2–4 unit buildings, and 22% are in larger apartment buildings. Owners of up to four units can generally use a dwelling fire policy.
How Lubbock compares with nearby Texas markets
For comparison, Houston comes in at 58% rented and $277,800 median value, with median rent of $1,361. For comparison, San Antonio comes in at 48% rented and $235,700 median value, with median rent of $1,324. For comparison, Dallas comes in at 58% rented and $320,700 median value, with median rent of $1,472. Lubbock places 10 of 30 profiled Texas cities by share of rented homes. Roughly 22% of homes in Lubbock are in buildings of five or more units, the point where most owners move to commercial apartment policies.
Weather and property risks for Lubbock rentals
Texas landlords generally plan around hail, especially across North and Central Texas, wind and hurricane exposure near the Gulf coast, and winter freeze events that burst pipes. Those exposures apply in Lubbock as much as anywhere in the state, so confirm deductibles and exclusions before you bind.
Hazard themes reflect FEMA’s National Risk Index and NOAA’s Storm Events Database; check the index for your specific county.
Requesting coverage for a Lubbock rental
- Liability limit and months of rent to protect
- Property location in Lubbock and unit count
- Year built and roof age
- How it is occupied today, including any vacancy or short-term use
- Dates of wiring, plumbing, and HVAC upgrades
- Current insurer and any losses in five years
- Lender name for the mortgagee clause
Request a Lubbock landlord quote
Questions from Lubbock rental owners
What share of Lubbock homes are rentals?
About 49% of occupied homes in Lubbock, roughly 52,270 households, are renter-occupied according to the 2020–2024 American Community Survey.
Do Lubbock landlords have to carry insurance?
Texas law does not require landlord insurance, but lenders usually require property coverage, and many leases, HOAs, and property managers require liability coverage.
What is a typical landlord premium in Lubbock?
It depends on the building, coverage, and deductible. For background, the NAIC reported a 2023 Texas dwelling-fire average of $1,226; see our Texas page for the full table.
More landlord pages near Lubbock
Landlord insurance in Texas · Cost by state
Last updated October 15, 2026. Sources and method: how we research.