Commercial Real Estate Market in New Home, TX
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
113 active listings and 17 off-market properties in New Home, TX.
Market Trends
New Home, TX spans 119.5 square miles in Lynn County, Texas. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New Home, TX runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Vacancy Rate % in South region
Retail
Retail vacancy in New Home, TX runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in New Home, TX runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in New Home, TX runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Market overview
Demographics & Economy
New Home, TX has 1,372 residents in 612 households. Density runs 11 people per square mile. Median household income here is $67,381 and median gross rent $689 a month.
1,372
Population
612
Households
2.2
Avg Household Size
38
Median Age
32%
College-Educated
87%
High-School Grad
119.5 sq mi
ZIP Area
11
Density / Sq Mi
$67,381
Median Household Income
$40,592
Median Earnings
$689
Median Rent
$168,000
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Wolfforth | $109 (county avg) | $8.43 |
| Slaton | $109 (county avg) | — |
| Lubbock | $109 (county avg) | $22.85 |
| Buffalo Springs | $109 (county avg) | — |
Commercial property in New Home, TX asks $359/SF. The 4 bordering markets run from $109/SF in Wolfforth to $109/SF in Wolfforth, and the city sits above their $109/SF median.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Home?
Commercial property in New Home, TX asks an average of $359 per square foot.
How does New Home compare to nearby markets on price?
New Home, TX asks $359/SF against $109/SF in Wolfforth, $109/SF in Slaton, $109/SF in Lubbock and $109/SF in Buffalo Springs. Wolfforth is the cheapest entry point at 70% below New Home pricing, with $8.43/SF/Yr asking rents.
Methodology & data sources
- Asking prices and averages
- Computed from 113 active for-sale and 0 active for-lease listings in New Home, TX. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
