Zip 79423 (Lubbock, TX) Housing

Lubbock, TX (79423) has a median housing value of $215,400, which is significantly lower than the US housing median value of $338,100. In the last year, however, Lubbock's housing values have appreciated 12.19%, outpacing the U.S.'s 8.27% house appreciation rate. This could be attributed to Lubbock's vibrant economy and its proximity to some of the major cities in Texas such as Dallas and Houston. With relatively affordable housing and a strong employment base, Lubbock is an attractive place for those looking to purchase a home or invest in real estate.

The median home cost in Lubbock (zip 79423) is $215,400. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Lubbock (zip 79423) is up 15.9%.

Average Age of Homes

- The median age of Lubbock (zip 79423) real estate is 28 years old

The Rental Market in Lubbock (zip 79423)

- Renters make up 27.1% of the Lubbock (zip 79423) population
- 1.5% of houses and apartments in Lubbock (zip 79423), 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
	16,933.0	139,647,020.0
	27	42
	$215,400	$338,100
	15.9%	16.6%
	48.3%	57.0%
	77.2%	101.1%
	$19.44	$10.98
	$3,392	$2,690
	67.3%	57.4%
	5.9%	11.2%
	26.8%	31.4%
Vacant Housing
	1.5%	1.9%
	0.6%	0.4%
	0.8%	0.7%
	0.8%	0.4%
	0.7%	3.6%
	1.4%	4.1%
Value of Owner-Occupied Housing
	2.7%	2.6%
	1.7%	2.4%
	2.1%	2.8%
	2.1%	3.9%
	3.4%	4.5%
	24.9%	11.3%
	21.4%	13.0%
	21.0%	20.1%
	11.1%	13.6%
	5.3%	8.3%
	3.2%	9.7%
	0.7%	3.9%
	0.4%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	19.8%	13.6%
	19.8%	13.6%
	15.6%	13.6%
	17.4%	13.2%
	20.3%	14.8%
	15.6%	13.6%
	1.4%	10.0%
	0.7%	4.7%
	0.7%	12.2%

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