The housing market in the 79403 zip code of Lubbock, Texas is quite strong. The median value for a home in this area is $93,700 - far lower than the national median of $338,100. But despite the relatively low price point, appreciation has been very positive. The US saw an 8.27% appreciation in the year prior to this context's report, while the 79403 zip code saw 12.19%. This shows that there are many people interested in buying homes in this area, making it a competitive and lucrative investment opportunity for buyers and sellers alike.
The median home cost in Lubbock (zip 79403) is $93,700. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Lubbock (zip 79403) is up 15.9%.
Average Age of Homes
- The median age of Lubbock (zip 79403) real estate is 48 years old
The Rental Market in Lubbock (zip 79403)
- Renters make up 28.0% of the Lubbock (zip 79403) population
- 3.5% of houses and apartments in Lubbock (zip 79403), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.