The housing in 79401 Lubbock, TX is a great value. The median value of homes in this area is $148,500, which is significantly lower than the US median value of $338,100. The one year house appreciation rate for the US is 8.27%, while the one year house appreciation rate for Lubbock is 12.19%. This means that housing in 79401 Lubbock has been increasing in value at a rapid rate over the past year and could be a great investment opportunity. With its relatively low median home price and high appreciation rate, Lubbock could be an ideal place to purchase a home or invest in real estate.
The median home cost in Lubbock (zip 79401) is $148,500. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Lubbock (zip 79401) is up 15.9%.
Average Age of Homes
- The median age of Lubbock (zip 79401) real estate is 27 years old
The Rental Market in Lubbock (zip 79401)
- Renters make up 75.0% of the Lubbock (zip 79401) population
- 11.0% of houses and apartments in Lubbock (zip 79401), 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.