This page is general information, not legal or tax advice. Electrum Properties is not a law firm. Talk to a Texas attorney about anything involving an estate, a lien or a tax bill.
Material interest: we buy houses in Lubbock and the surrounding towns for cash, including houses in the situations described here.
Last reviewed: September 2026
Where we buy in New Home
New Home sits about 24 miles south of Lubbock by road (roughly eighteen miles as the crow flies), down a road you already drive. Slide Road runs south out of Lubbock, then keeps going as FM 1730 the rest of the way, becoming the main street of a town of 326 people. It sits at the intersection of FM 1730 and FM 211 — not on US 87, which runs six miles east of town.
The name is not marketing: this was the Deuce of Hearts Ranch, and L. G. DePriest suggested New Home because the homes were all new to their occupants, even the dugouts. Cotton and ginning have run the economy ever since. New Home ISD enrolls around 700 students, more than twice the town’s population. We buy in the city limits and out on the county roads.
The houses here are a decade older than Lubbock’s
| New Home | Lubbock city | |
|---|---|---|
| Median year built | 1974 | 1984 |
| Owner-occupied share | 73.8% | 51.2% |
| Vacancy rate | 17.1% | 9.4% |
The 1950s is the biggest decade in town — close to a quarter of the housing stock went up between 1950 and 1959, and more than half of New Home predates 1980. There is no multifamily housing here at all, and about one in nine homes is manufactured, roughly seven times the Lubbock city rate. Older manufactured homes are hard to finance conventionally, which thins the buyer pool before price comes up.
Every rental in town is old: all 28 renter-occupied homes were built in 1979 or earlier. Running one from Lubbock with nobody down here to manage it is the pattern, not the exception.
A market with almost no middle
About a quarter of New Home’s owner-occupied houses are valued under $50,000 and about half over $250,000, with almost nothing between — the census shows none at all from $50,000 to $100,000. County-wide the under-$50,000 share is closer to one in ten. That bottom quarter is structural: lenders generally will not write a mortgage that small, so those houses have next to no retail buyer pool. More than half of local homeowners own free and clear, and those places usually change hands through an estate.
Playas, foundations and hail
Every cash-buyer site in Texas blames expansive clay for wrecking your slab. Out here that is mostly wrong. USDA survey data at the townsite returns Amarillo fine sandy loam, well drained and low shrink-swell, with Acuff loam on the uplands. Lynn County’s heavy clay is in the playas — the low spots that hold water after a rain — and those are grazing ground, not house lots. Movement here is lot by lot, so we walk the ground before we price.
Hail is the real weather risk. NOAA’s radar shows hail-producing storms over New Home in every one of the last eleven years, five separate days in 2024 alone. Those are radar signatures, not ground measurements, but roofs take a beating out here and an actual-cash-value check on a twenty-year-old roof does not buy a new one. See selling a house with water or storm damage.
You live in Lubbock. Your paperwork lives in Tahoka.
New Home is in Lynn County, and nearly every process fact changes because of it. Your value comes from the Lynn County Appraisal District in Tahoka, thirteen miles the other direction; New Home ISD is not on Lubbock CAD’s roster of taxing units at all. An in-town parcel is taxed by five units: Lynn County, New Home ISD, the City of New Home, the Lynn County Hospital District, and High Plains Underground Water Conservation District No. 1.
Deeds record at the Lynn County Clerk’s office in the Tahoka courthouse, and the hours matter when you plan a closing: Monday through Thursday 8:30 to 5:00, Friday 8:30 to noon. New Home is a general-law city, incorporated in 1963, and Lubbock’s online permit search does not cover an address down here.
How selling to us actually works
You send the address. We drive down and walk the house — inside, outside, roof, and the ground around it. Then we give you a number and show how we got there. If it works, we open title and you pick the date.
No commissions, no repairs, and we cover all closing costs on purchase. We buy for our own account and sometimes assign a contract instead of closing in our own name. We tell you which before you sign, and we aren’t acting as your real estate agent. Compare routes on our Lubbock selling options page, or read how we buy houses.
When a cash offer is not your best move
If your New Home place is sound, has a good roof and would show well, list it. About half the owner-occupied homes here are valued over $250,000, so there is a retail buyer for a clean house, and an agent will likely net you more than we can even after commission. Same if the problem is only cosmetic and you have time and cash.
If you owe more than the house is worth as-is, a cash sale may not close at all — talk to your lender first. We make sense when the work exceeds what the local buyer pool will pay for, when no bank will lend on the house, when a rental down in New Home has worn you out, or when you need a date you can count on.
Situations we buy in around New Home
- Inherited houses — the most common one here.
- Vacant houses — the vacancy rate is nearly double Lubbock’s.
- Rentals you are done with — every one in town predates 1980.
- Behind on property taxes — five taxing units on an in-town parcel.
- Relocating, usually north into Lubbock.
We also buy in Tahoka, Wolfforth, Woodrow and Slaton.
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New Home questions we actually get
Do you really come down to New Home, or only buy in Lubbock?
We come down. It’s about a 30-minute drive, straight south on Slide Road where it turns into FM 1730, and we walk the house before we price it.
My house is worth less than a bank will lend on. Will you still buy it?
Yes. About a quarter of New Home’s owner-occupied homes are valued under $50,000, and lenders generally will not write a mortgage that small. Cash is usually the only route.
Is my New Home house appraised by the Lubbock County Appraisal District?
No. New Home is in Lynn County, so your value comes from Lynn CAD in Tahoka. New Home ISD is not on Lubbock CAD’s roster at all.
I inherited a New Home house and live out of town. Where do I start?
With a Texas attorney, to confirm who can sign a deed. Electrum Properties is not a law firm. Then plan around Tahoka, not Lubbock — the Lynn County Clerk’s office closes Friday at noon.
Get a cash offer on your New Home house
Send us the address and we will drive down and look at it. You get a real number, not a range. We cover all closing costs on purchase. You pick the closing date. When speed matters we can close in as little as 7 days on the right deal.
Call or text 806-630-0875. We buy houses in New Home, Texas 79383 and across Lynn County. Our referral program pays $500 per closed deal.