Zip 79403 (Lubbock, TX) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Lubbock, Texas	United States
	6,441.0	139,647,020.0
	48	42
	$93,700	$338,100
	15.9%	16.6%
	48.3%	57.0%
	77.2%	101.1%
	$17.49	$10.98
	$687	$2,690
	52.0%	57.4%
	10.2%	11.2%
	37.8%	31.4%
Vacant Housing
	3.5%	1.9%
	0.0%	0.4%
	0.4%	0.7%
	0.1%	0.4%
	1.1%	3.6%
	5.1%	4.1%
Value of Owner-Occupied Housing
	12.6%	2.6%
	14.7%	2.4%
	18.0%	2.8%
	13.6%	3.9%
	8.7%	4.5%
	9.2%	11.3%
	6.1%	13.0%
	7.3%	20.1%
	2.8%	13.6%
	4.3%	8.3%
	1.9%	9.7%
	0.7%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.8%	13.6%
	10.8%	13.6%
	11.6%	13.6%
	12.1%	13.2%
	13.0%	14.8%
	11.6%	13.6%
	22.7%	10.0%
	4.9%	4.7%
	3.8%	12.2%

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