Explore Similar Townhomes Within 25 Miles of Preston Smith, TX
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Why Live in Preston Smith
Preston Smith, a neighborhood in Lubbock, is named after former Texas Governor and local entrepreneur Preston Smith. This family-friendly area is part of the Lubbock ISD, which offers lower taxes and includes the highly rated Preston Smith Elementary School. The neighborhood is nestled between the higher-priced Lakeridge Country Club to the east and Regal Park to the west, providing a more affordable option for first-time home buyers and families. Phil Hoel Park, centrally located, features walking paths, a pond for fishing, tennis courts, and a playground, making it a popular attraction. Nearby, LakeRidge Country Club offers a golf course, a junior Olympic-sized pool, and additional tennis courts, while Jan Jennings Park to the north provides open fields and walking paths.
Homes in Preston Smith are primarily ranch-style and Bungalow constructions from the 80s and 90s, typically featuring three bedrooms, two bathrooms, and attached garages. The neighborhood also has some newer builds on its northern and southern edges. The area is known for its walkability, mature trees, and well-maintained sidewalks.
Preston Smith is conveniently located near the 82nd Street retail corridor, offering a variety of shopping and dining options. Notable eateries include Stella’s Restaurant, known for its New York-style Italian cuisine, and Picoso’s Mexican Kitchen, celebrated for its street-style tacos and community involvement. United Supermarkets provides everyday shopping needs just north of the neighborhood.
The neighborhood is approximately 10 miles south of downtown Lubbock, accessible via US-82 and Loop 289. Public transportation is available with the nearest Citibus stop about a mile away on 82nd Street and Slide Road.
Home Trends in Preston Smith, TX
On average, homes in Preston Smith, Lubbock sell after 41 days on the market compared to the national average of 51 days. The median sale price for homes in Preston Smith, Lubbock over the last 12 months is $230,000, down 7% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$230,000
Median Single Family Sale Price
$233,500
Average Price Per Sq Ft
$136
Number of Homes for Sale
18
Last 12 months Home Sales
83
Months of Supply
2.60
Median List Price
$240,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-7%