HousingHandbookReference data

U.S. ZIP Code · TX79358

Hockley County · Lubbock, TX

Typical home value

$264,414[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+5.1%
5-year / yr
+4.1%
10-year / yr
+5.7%

Relative price

vs U.S.
-6.9%
vs metro
+72.9%
vs state
+1.0%
ZIP 79358 location in TX
Location of ZIP 79358 in TX

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 79358 is worth $264,414 — 72.9% above the Lubbock, TX median. Over the past year, values have risen 5.1%. The effective property tax rate is 1.2%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.2%[3]
Typical annual tax
$3,297[3]

#Climate risk

FEMA National Risk Index ratings for Hockley County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Very Low
Coastal flood
Not Applicable
Wildfire
Relatively Low
Drought
Relatively High
Heat wave
Very Low
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
Relatively Moderate

#Who lives here

Population
1,622[3]
Median household income
$90,333[3]

#Migration

Household moves in and out of Hockley County over a year, from IRS tax-return data.

Net migration
+6[5]
Moved in
620
Moved out
614

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
1
Elementary
0
Middle
0
High
0
  • ROPES SCHOOL

    Other · Grades PK–12 · ROPES ISD

    576 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$1,337
Loan principal$211,531
Down payment$52,883
Total interest paid$269,797

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$1,833
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
88th percentile[1]
Rental yield
[2]
Property tax
35th percentile[3]

Frequently asked

How much is a home worth in ZIP code 79358?
The typical home in 79358 is worth $264,414, based on the Zillow Home Value Index.
Are home values rising in 79358?
Home values in 79358 are up 5.1% over the past year, and up 4.1% a year over five years.
What is the property tax rate in 79358?
The effective property tax rate in 79358 is 1.2% — roughly $3,297 a year on a typical home.
Who lives in 79358?
ZIP code 79358 has a population of 1,622 and a median household income of $90,333.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Wolfforth, TX

    Typical home
    $267,058
    Gross yield
    6.9%
  • Idalou, TX

    Typical home
    $254,469
    Gross yield
  • Lubbock, TX

    Typical home
    $234,182
    Gross yield
    7.7%
  • Shallowater, TX

    Typical home
    $296,472
    Gross yield
  • Lubbock, TX

    Typical home
    $300,136
    Gross yield
    6.3%
  • Lubbock, TX

    Typical home
    $226,154
    Gross yield
    8.0%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 79358 against any other ZIP — full side-by-side table.

Compare 79358

#Jump to section