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Lubbock city, TX

ZIP 79407 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 79407

Median Home Value
$200,700
Median Rent
$936
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,289/mo PITI).

17%
Rent-to-Income Ratio

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

3.1x
Home Price-to-Income Ratio

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

17.9 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 79407 in Lubbock city, TX, a household would need roughly $55,000 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 $1,289. That sits below the local median household income ($64,778), 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
44.7%-32% vs US avg
x
Vacancy Rate
9.7%-6% vs US avg
x
Broadband Access
89.8%+3% vs US avg
x
4+ Bedrooms
1.0%-94% vs US avg
x
Built Pre-1939
1.2%-90% vs US avg
x
Built Post-2014
3.6%-48% vs US avg
x
Rent Burden >30%
28.1%-43% vs US avg
x
Mortgage-Free
47.0%+23% vs US avg
x
$200,700
Home Value
$936
Rent
1994
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 detached47.0%
  • 1-unit attached2.6%
  • 2-9 units18.6%
  • 10+ units22.0%
  • Mobile home & other9.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$200,700
Median rent$936
Owner-occupied44.7%
Vacant9.7%
Price-to-income3.1x
Est. income to buy$55,000