Home prices
The median home in Lorenzo costs $67,300. Compared to the surrounding areas it is about $56,600 (45%) lower.Compared to the rest of the nation it is roughly $150,200 (69%) lower, and is about $73,500 (52%) lower in comparison to the city of Lubbock.
Rents
The median rent in Lorenzo is $556 per month. This is about $450 (44%) lower compared to nearby areas.It is roughly $506 (47%) lower in comparison to the United States as a whole, and it is approximately $399 (41%) lower compared to the city of Lubbock.
Nearby places
Idalou
Idalou is about 7 miles west from Lorenzo. Its housing prices are significantly more expensive. The cost of the median home in Idalou is $109,300, which comes out to $42,000 (38%) higher than Lorenzo. The rent there is a little less expensive. Idalou's median monthly rent is $480, which works out to $76 (15%) lower than Lorenzo.
Ralls
Ralls is approximately 7 miles east from Lorenzo. Housing prices there are a little less expensive. Ralls's median home value is $54,700, which works out to $12,600 (23%) lower than Lorenzo. Rent there is a bit more expensive. The median monthly rent in Ralls is $615, which comes out to $59 (9%) higher than Lorenzo.
Ransom Canyon
Ransom Canyon is approximately 12 miles southwest from Lorenzo. Its housing prices are substantially more expensive. The price of the median home in Ransom Canyon is $252,700, which comes out to $185,400 (73%) higher than Lorenzo. Rent there is significantly more expensive. The median monthly rent in Ransom Canyon is $1,222, which is $666 (54%) higher than Lorenzo.
Buffalo Springs
Buffalo Springs is roughly 13 miles southwest from Lorenzo. The housing prices there are substantially more expensive. Buffalo Springs's median home price is $148,100, which comes out to $80,800 (54%) higher than Lorenzo. Its rents are a lot more expensive. In Buffalo Springs the median rent is $2,115 per month, which comes out to $1,559 (73%) higher than Lorenzo.
Crosbyton
Crosbyton is approximately 15 miles east of Lorenzo. Real estate prices there are a little less expensive. The median home price in Crosbyton is $54,700, which is $12,600 (23%) lower than Lorenzo. Rents there are a bit more expensive. In Crosbyton the median monthly rent is $600, which works out to $44 (7%) higher than Lorenzo.
