Zip 79407 (Lubbock, TX) Housing

The housing market in 79407 Lubbock, TX is thriving compared to the US average. The median value of homes in 79407 Lubbock, TX is $209,200 while the US median house value is $338,100. This shows that the prices are significantly lower in 79407 Lubbock than they are on a national level. Additionally, the house appreciation in 79407 Lubbock over the last year has been 12.19%, which is much higher than the 8.27% growth rate for houses across the nation. This indicates that home values have been increasing steadily and quickly in 79407 Lubbock over the past 12 months and could continue to do so in the future.

The median home cost in Lubbock (zip 79407) is $209,200. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Lubbock (zip 79407) is up 15.9%.

Average Age of Homes

- The median age of Lubbock (zip 79407) real estate is 34 years old

The Rental Market in Lubbock (zip 79407)

- Renters make up 44.8% of the Lubbock (zip 79407) population
- 5.8% of houses and apartments in Lubbock (zip 79407), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lubbock, Texas	United States
	10,563.0	139,647,020.0
	33	42
	$209,200	$338,100
	15.9%	16.6%
	48.3%	57.0%
	77.2%	101.1%
	$17.36	$10.98
	$2,538	$2,690
	39.8%	57.4%
	11.6%	11.2%
	48.6%	31.4%
Vacant Housing
	5.8%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.3%	0.4%
	0.9%	3.6%
	4.2%	4.1%
Value of Owner-Occupied Housing
	8.6%	2.6%
	5.9%	2.4%
	5.2%	2.8%
	3.2%	3.9%
	9.3%	4.5%
	19.1%	11.3%
	17.2%	13.0%
	16.4%	20.1%
	4.6%	13.6%
	4.3%	8.3%
	4.5%	9.7%
	1.4%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.7%	0.2%
	10.1%	13.6%
	10.1%	13.6%
	11.9%	13.6%
	16.6%	13.2%
	17.8%	14.8%
	11.9%	13.6%
	5.8%	10.0%
	1.4%	4.7%
	0.9%	12.2%

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