117 Commerce Street

Property details·Levelland, Hockley County, Texas·77188

17.51Acres

Location & Identity

Address

117 Commerce Street

Levelland, TX 79336

Hockley County

Parcel ID

77188

Coordinates

33.589370, -102.328424

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Building details

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Land & lot

Lot size
17.51 acres
Property type (local use code)
2000
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County context

Hockley County 2026 Insights

Hockley County, Texas: West Texas Affordability in the Shadow of the Permian

Out on the South Plains of West Texas, where cotton fields stretch to a flat horizon and the sunsets have no competition, Hockley County operates on a different economic logic than most of America. Home to Levelland — the county seat named with perfect West Texas literalness for the terrain it sits on — this is a place where a working-class household can still own a home without financial acrobatics. In most of the country, that's becoming a radical proposition.

Key Statistics

StatValueContext
Median Home Value$112,70065% below the national median of $320,000
Homeownership Rate72.6%well above the national average of ~65%
Price-to-Income Ratio2.1xvs. 4x national benchmark — remarkably affordable
Uninsured Rate18.6%nearly double the national average

Where Affordability Still Works

Hockley County's price-to-income ratio of roughly 2.1x is something coastal housing analysts would find almost incomprehensible. A household earning the county median can, in theory, afford the median home outright within two years of gross income — a calculus that stands in stark contrast to markets like Austin or Dallas, where that same ratio runs 6x or higher. The result is a homeownership rate of 72.6%, nearly eight points above the national norm, with three-quarters of housing stock in single-family structures. This isn't an accident of policy; it's the arithmetic of a place where land is abundant and demand, while steady, doesn't carry a speculative premium.

Median rent at $813 is genuinely modest, but the rent burden picture deserves scrutiny: 36.9% of renters are cost-burdened — above the 30% threshold — and 17.4% face severe burden. In a county this affordable, that signals that the renter population skews heavily toward the lowest income tiers, people for whom even $813 a month strains a budget.

The Permian Proximity Effect

Hockley County sits just northwest of the Permian Basin's most active drilling zones. The energy economy creates real opportunity here — it helps explain why the per capita income of $30,131 isn't catastrophically low despite a 20.1% share of adults without a high school diploma and a college attainment rate (12.7% with bachelor's degrees) that trails most of Texas significantly. The county's relatively young median age of 35.8 and a strong under-18 population share (26.5%) suggest families are staying and building, not just passing through.

A 12.5% housing vacancy rate and a 4.9% unemployment rate together sketch a picture of modest but real economic slack — a community that could absorb growth without immediately pricing out its existing residents.

What the Numbers Don't Fully Capture

The county's 18.6% uninsured rate is a genuine stress point, reflecting both the limited-English-speaking share (19.3%) and the heavy reliance on industries that don't always offer benefits. The 13.3% SNAP participation rate and limited public transit infrastructure (0.2%) round out a portrait of a working community where affordability is real — but so is economic precarity.


What makes Hockley County unique? It's one of the few places in the United States where working-class homeownership remains the norm rather than the exception, with home prices so far below the national median that the rent-vs.-buy calculus almost always favors buying.

Is Hockley County affected by Permian Basin oil and gas activity? Yes — while not at the epicenter of drilling activity, the county benefits from proximity to the Permian economy, which supports employment and incomes above what its educational attainment profile alone would predict.

Why is rent burden high in such an affordable county? Even modest rents can burden the lowest-income households. In Hockley County, the renter population is concentrated among the most economically vulnerable residents, meaning affordability at the median masks real hardship at the bottom of the income distribution.

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