HousingHandbookReference data

U.S. ZIP Code · TX79401

Lubbock County · Lubbock, TX

Typical home value

$152,100[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+0.5%
5-year / yr
+2.3%
10-year / yr
+5.0%

Relative price

vs U.S.
-46.5%
vs metro
≈ metro median
vs state
-41.9%
ZIP 79401 location in TX
Location of ZIP 79401 in TX

Price history

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

The typical home in 79401 is worth $152,100. Over the past year, values have risen 0.5%. Homes here rent for a typical $1,070 a month — a 8.4% gross rental yield. The effective property tax rate is 1.4%.

#Rent & investment

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

Monthly rent
$1,070[2]
Gross yield
8.4%[2]
Cap rate
5.1%[2]

#Property tax

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

Effective tax rate
1.4%[3]
Typical annual tax
$2,112[3]

#Climate risk

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

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

#Who lives here

Population
8,741[3]
Median household income
$26,980[3]

#Migration

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

Net migration
+360[5]
Moved in
7,881
Moved out
7,521

Schools

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

Public schools
4
Elementary
2
Middle
0
High
1
  • LUBBOCK H S

    High · Grades 9–12 · LUBBOCK ISD

    1,893 students

  • RAMIREZ EL

    Elementary · Grades PK–5 · LUBBOCK ISD

    460 students

  • BETTY M CONDRA SCHOOL FOR EDUCATION INNOVATION

    Elementary · Grades K–5 · BETTY M CONDRA SCHOOL FOR EDUCATION INNOVATION

    174 students

  • HOMEBOUND

    Other · Grades PK–12 · LUBBOCK ISD

    42 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 yield8.4%
Net yield (after ~40% expenses)5.1%
Annual rent$12,843

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$769
Loan principal$121,680
Down payment$30,420
Total interest paid$155,196

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 ratio1.00
Monthly cost to own$1,072
Monthly rent$1,070

Owning and renting are roughly even.

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
52nd percentile[1]
Rental yield
43rd percentile[2]
Property tax
58th percentile[3]

Frequently asked

How much is a home worth in ZIP code 79401?
The typical home in 79401 is worth $152,100, based on the Zillow Home Value Index.
Are home values rising in 79401?
Home values in 79401 are up 0.5% over the past year, and up 2.3% a year over five years.
What is the typical rent in 79401?
A typical home in 79401 rents for about $1,070 a month, a gross rental yield of 8.4%.
What is the property tax rate in 79401?
The effective property tax rate in 79401 is 1.4% — roughly $2,112 a year on a typical home.
Who lives in 79401?
ZIP code 79401 has a population of 8,741 and a median household income of $26,980.

#Comparable ZIPs

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

  • Lubbock, TX

    Typical home
    $153,772
    Gross yield
    9.1%
  • New Deal, TX

    Typical home
    $149,221
    Gross yield
  • Anton, TX

    Typical home
    $148,762
    Gross yield
  • Slaton, TX

    Typical home
    $142,317
    Gross yield
  • Levelland, TX

    Typical home
    $162,078
    Gross yield
    7.4%
  • Sundown, TX

    Typical home
    $140,268
    Gross yield

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