Home prices
New Home's median home price is $134,100. Compared to other places in this area this is approximately $44,700 (50%) higher.It is approximately $83,400 (38%) lower in comparison to the United States as a whole, and it is approximately $6,700 (4%) lower in comparison to the city of Lubbock.
Rents
New Home's median monthly rent is $619. Compared to nearby areas this is approximately $132 (17%) lower.Compared to the entire nation it is approximately $443 (41%) lower, and in comparison to the city of Lubbock it is roughly $336 (35%) lower.
Nearby places
Wilson
Wilson is about 9 miles east of New Home. Its housing prices are significantly less expensive. The value of the median home in Wilson is $60,000, which is $74,100 (123%) lower than New Home. Its rents are somewhat less expensive. The median monthly rent in Wilson is $569, which comes out to $50 (8%) lower than New Home.
Tahoka
Tahoka is approximately 13 miles southeast from New Home. Its housing prices are a lot less expensive. The median home in Tahoka costs $71,500, which comes out to $62,600 (87%) lower than New Home. Its rents are pretty similar. The median rent in Tahoka is $621 per month, which is very similar to New Home.
Ropesville
Ropesville is about 13 miles northwest of New Home. Its housing prices are a lot less expensive. The median home in Ropesville is valued at $40,000, which comes out to $94,100 (235%) lower than New Home. The rent there is substantially more expensive. Ropesville's median monthly rent is $911, which works out to $292 (32%) higher than New Home.
Wolfforth
Wolfforth is roughly 14 miles north from New Home. Its real estate prices are a little more expensive. Wolfforth's median home value is $184,200, which comes out to $50,100 (27%) higher than New Home. Its rents are significantly more expensive. In Wolfforth the median rent is $1,104 a month, which comes out to $485 (43%) higher than New Home.
Meadow
Meadow is about 15 miles west from New Home. The real estate prices there are substantially less expensive. The value of the median home in Meadow is $91,300, which comes out to $42,800 (46%) lower than New Home. Rents there are a little less expensive. In Meadow the median monthly rent is $550, which is $69 (12%) lower than New Home.
