Levelland, TX

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Levelland short-term rental market based on reliable data.

Listings

9 / 14

Reliable / Active

Cap Rate

12%

Middle-Earners Gross Yield

Revenue

$18,343

Middle-Earners Revenue

Occupancy

73%

Middle-Earners Occupancy

Home Value

$148,748

Median Home Sale Price

Top Earners

$37,617

Top-Earners Revenue

Levelland

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Levelland.

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C

Challenging to Investors

Levelland Regulations

STRs are only permitted as Bed & Breakfasts in SF‑2 and require a conditional use permit from the ZBA plus strict adherence to residential standards (parking, signage, nuisance rules); no general STR use is allowed in SF‑1, multifamily, or business districts and the city has not adopted an STR registration ordinance, limiting viable investor pathways and complicating compliance.

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About Levelland

Levelland is a small city in Hockley County, Texas, situated on the South Plains of West Texas, with a population of roughly 13,000 residents. As the county seat of Hockley County, the community carries a quietly self-reliant agricultural character, surrounded by cotton fields, wind farms, and the broad grasslands of the Llano Estacado. It is best known as a regional hub for the surrounding ranching and farming communities, and as the home of South Plains College, a two-year institution that draws students from across the region. Levelland sits approximately 30 miles west of Lubbock, the nearest major city and the cultural and commercial center of the South Plains.

About 30 miles east of Levelland in downtown Lubbock, the Buddy Holly Center celebrates the life and music of the rock-and-roll pioneer who grew up in the city, displaying memorabilia, original instruments, and rotating exhibits. The center anchors a small cultural district that includes the nearby Depot District, a revitalized stretch of restaurants, breweries, and live-music venues in restored brick warehouses. The Buddy Holly Center is roughly a 35- to 40-minute drive from Levelland along US-385 and I-27.

Also in Lubbock, the National Ranching Heritage Center at Texas Tech University is a 27-acre museum and outdoor park dedicated to the ranching history of the American West. Its collection of nearly 50 restored historic structures, from 19th-century dugouts to early 20th-century ranch homes, offers visitors a tangible look at the working landscapes that surround Levelland today. The center is about a 35- to 45-minute drive from Levelland, depending on the route chosen.

Closer to home, South Plains College anchors the community of Levelland itself, with a campus that hosts cultural events, performances, and athletic competitions throughout the year. The college brings a steady calendar of public programming and student activity to the town, and its tree-shaded green spaces give the surrounding residential streets a small-town collegiate feel.

Levelland appeals to short-term-rental owners because it offers a calmer, more affordable base just outside a major university and regional hub. Visitors passing through for college events, family gatherings, agricultural work, or West Texas road trips can enjoy the relaxed pace and wide-open skies of the South Plains while remaining within an easy drive of Lubbock's museums, restaurants, and the Buddy Holly legacy. Its location at the intersection of US-385 and State Highway 114 also makes it a practical overnight stop for travelers crossing the Llano Estacado between the Permian Basin and the Texas Panhandle.

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