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Lubbock city, TX

ZIP 79401 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 79401

Median Home Value
$101,500
Median Rent
$929
Affordability Snapshot
$28,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$652/mo PITI).

41%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

3.7x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

9.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 79401 in Lubbock city, TX, a household would need roughly $28,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $652. That is roughly in line with the local median household income ($27,255). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 21% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
11.5%-82% vs US avg
x
Vacancy Rate
20.6%+100% vs US avg
x
Broadband Access
56.4%-35% vs US avg
x
4+ Bedrooms
1.4%-90% vs US avg
x
Built Pre-1939
4.4%-66% vs US avg
x
Built Post-2014
1.1%-84% vs US avg
x
Rent Burden >30%
36.3%-27% vs US avg
x
Mortgage-Free
69.0%+81% vs US avg
x
$101,500
Home Value
$929
Rent
1987
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached26.3%
  • 1-unit attached5.1%
  • 2-9 units14.6%
  • 10+ units53.2%
  • Mobile home & other0.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$101,500
Median rent$929
Owner-occupied11.5%
Vacant20.6%
Price-to-income3.7x
Est. income to buy$28,000