Zip 79416 (Lubbock, TX) Housing

Lubbock, TX is a great place for those looking to invest in real estate. The median value of housing in 79416 Lubbock is $192,300, which is much lower than the US house median value of $338,100. Over the past year, house values in 79416 Lubbock have appreciated by 12.19%, which is higher than the US 1 year house appreciation rate of 8.27%. With such a high rate of appreciation and low median home prices, investing in housing in Lubbock can be a great way to make some money and gain wealth over time.

The median home cost in Lubbock (zip 79416) is $192,300. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Lubbock (zip 79416) is up 15.9%.

Average Age of Homes

- The median age of Lubbock (zip 79416) real estate is 32 years old

The Rental Market in Lubbock (zip 79416)

- Renters make up 46.3% of the Lubbock (zip 79416) population
- 5.4% of houses and apartments in Lubbock (zip 79416), 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
	15,302.0	139,647,020.0
	32	42
	$192,300	$338,100
	15.9%	16.6%
	48.3%	57.0%
	77.2%	101.1%
	$18.82	$10.98
	$2,946	$2,690
	44.0%	57.4%
	11.2%	11.2%
	44.8%	31.4%
Vacant Housing
	5.4%	1.9%
	0.6%	0.4%
	1.3%	0.7%
	0.5%	0.4%
	0.9%	3.6%
	2.6%	4.1%
Value of Owner-Occupied Housing
	1.8%	2.6%
	0.9%	2.4%
	1.9%	2.8%
	2.1%	3.9%
	6.6%	4.5%
	32.6%	11.3%
	26.0%	13.0%
	11.7%	20.1%
	7.7%	13.6%
	5.0%	8.3%
	2.6%	9.7%
	0.9%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	21.4%	13.6%
	21.4%	13.6%
	15.5%	13.6%
	13.1%	13.2%
	18.5%	14.8%
	15.5%	13.6%
	5.8%	10.0%
	0.6%	4.7%
	1.2%	12.2%

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