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Lubbock city, TX

ZIP 79404 — Housing & Real Estate

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

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 79404

Median Home Value
$86,300
Median Rent
$639
Affordability Snapshot
$24,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$554/mo PITI).

16%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

11.3 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 79404 in Lubbock city, TX, a household would need roughly $24,000 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 $554. That sits below the local median household income ($48,642), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 22% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
64.6%-1% vs US avg
x
Vacancy Rate
22.3%+116% vs US avg
x
Broadband Access
77.8%-11% vs US avg
x
4+ Bedrooms
0.5%-96% vs US avg
x
Built Pre-1939
4.5%-65% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
24.1%-52% vs US avg
x
Mortgage-Free
57.7%+51% vs US avg
x
$86,300
Home Value
$639
Rent
1972
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached81.0%
  • 1-unit attached0.0%
  • 2-9 units5.9%
  • 10+ units7.4%
  • Mobile home & other5.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$86,300
Median rent$639
Owner-occupied64.6%
Vacant22.3%
Price-to-income1.8x
Est. income to buy$24,000