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Lubbock city, TX

ZIP 79415 — 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 79415

Median Home Value
$94,000
Median Rent
$783
Affordability Snapshot
$26,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$604/mo PITI).

25%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

10.0 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 79415 in Lubbock city, TX, a household would need roughly $26,000 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 $604. That sits below the local median household income ($37,101), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
39.1%-40% vs US avg
x
Vacancy Rate
9.7%-6% vs US avg
x
Broadband Access
67.8%-22% vs US avg
x
4+ Bedrooms
0.4%-97% vs US avg
x
Built Pre-1939
6.3%-51% vs US avg
x
Built Post-2014
1.1%-83% vs US avg
x
Rent Burden >30%
30.9%-38% vs US avg
x
Mortgage-Free
69.4%+82% vs US avg
x
$94,000
Home Value
$783
Rent
1985
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached45.5%
  • 1-unit attached2.3%
  • 2-9 units18.4%
  • 10+ units24.5%
  • Mobile home & other9.2%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$94,000
Median rent$783
Owner-occupied39.1%
Vacant9.7%
Price-to-income2.5x
Est. income to buy$26,000