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Shallowater, TX

Full City Profile · Texas · Lubbock County County

3.8 /5.0
B+ Good
2,935 Population 1,812/sq mi density
$79,848 Median Income $33,984 per capita
$210,400 Home Value $290,791 Zillow
$1,179 Median Rent 25.1% income on rent
61°F Avg Temperature 330 sunny days/yr
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$79,848 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$210,400 home value, $1,179/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
B
Education
3.1 / 5.0
26.7% bachelor's degree or higher

Housing Overview

Median Home Value
$210,400
25% below
US avg: $281,900
Median Rent
$1,179/mo
1% above
US avg: $1,163/mo
Homeownership Rate
81.4%
24% above US avg (65.4%)
Total Housing Units
1,151
Median year built: 1986

Home Value by Source

Census Median
$210,400
Zillow (ZHVI)
$290,791
Median Sale Price
$284,450
Median List Price
$227,500
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

81.4%
Owner-Occupied
18.6%
Renter-Occupied
81%
19%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$887/mo
1 Bedroom
$935/mo
2 Bedroom
$1,149/mo
3 Bedroom
$1,497/mo
4 Bedroom
$1,733/mo
Census median rent: $1,179/mo

Market Indicators (Redfin)

Median Days on Market
24 days
Sale-to-List Ratio
0.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$170
Active Inventory
11
homes for sale

Affordability & Housing Stock

Rent Burden
25.1%
of renters spending 30%+ of income on housing
19% below US avg (31.0%)
Median Year Built
1986
Average age of housing stock: 40 years
Homeownership Rate
81.4%

Complete Housing Data

Home Values

Census Median Value$210,400
Zillow Home Value (ZHVI)$290,791
Median Sale Price$284,450
Median List Price$227,500
Price Per Sq Ft$170

Rent

Census Median Rent$1,179
FMR Studio$887
FMR 1-Bedroom$935
FMR 2-Bedroom$1,149
FMR 3-Bedroom$1,497
FMR 4-Bedroom$1,733

Market

Days on Market24
Sale-to-List Ratio0.0%
Price Drops0.0%
Homes Sold2
Active Inventory11
Price Per Sq Ft$170

Ownership & Stock

Owner-Occupied81.4%
Renter-Occupied18.6%
Homeownership Rate81.4%
Total Housing Units1,151
Median Year Built1986
Rent Burden25.1%