How much is a home worth in ZIP code 79403?

The typical home in 79403 is worth $102,730, based on the Zillow Home Value Index.

Are home values rising in 79403?

Home values in 79403 are up 1.3% over the past year, and down 0.6% a year over five years.

What is the typical rent in 79403?

A typical home in 79403 rents for about $1,197 a month, a gross rental yield of 14.0%.

What is the property tax rate in 79403?

The effective property tax rate in 79403 is 1.0% — roughly $1,063 a year on a typical home.

ZIP code 79403 has a population of 16,089 and a median household income of $47,907.

HousingHandbookReference data

…

U.S. ZIP Code · TX79403

Lubbock County · Lubbock, TX

Typical home value

$102,730^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.3%
5-year / yr: -0.6%
10-year / yr: +4.1%

Relative price

vs U.S.: -63.8%
vs metro: -32.8%
vs state: -60.8%

Price history

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

The typical home in 79403 is worth $102,730 — 32.8% below the Lubbock, TX median. Over the past year, values have risen 1.3%. Homes here rent for a typical $1,197 a month — a 14.0% gross rental yield. The effective property tax rate is 1.0%.

#Rent & investment

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

Monthly rent: $1,197^[2]
Gross yield: 14.0%^[2]
Cap rate: 8.4%^[2]

#Property tax

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

Effective tax rate: 1.0%^[3]
Typical annual tax: $1,063^[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: 16,089^[3]
Median household income: $47,907^[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: 7
Elementary: 3
Middle: 1
High: 3

ESTACADO H S
High · Grades 9–12 · LUBBOCK ISD
865 students
ROOSEVELT EL
Elementary · Grades PK–5 · ROOSEVELT ISD
501 students
TALKINGTON SCHOOL FOR YOUNG WOMEN LEADERS
High · Grades 6–12 · LUBBOCK ISD
456 students
ALDERSON EL
Elementary · Grades PK–5 · LUBBOCK ISD
442 students
ROOSEVELT H S
High · Grades 9–12 · ROOSEVELT ISD
347 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.

Home value$Monthly rent$

Gross yield14.0%

Net yield (after ~40% expenses)8.4%

Annual rent$14,363

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$519

Loan principal$82,184

Down payment$20,546

Total interest paid$104,821

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.58

Monthly cost to own$693

Monthly rent$1,197

Owning is meaningfully cheaper month-to-month.

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: 12th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 23rd percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

6th for highest rental yield in TXView list →

Frequently asked

How much is a home worth in ZIP code 79403?: The typical home in 79403 is worth $102,730, based on the Zillow Home Value Index.
Are home values rising in 79403?: Home values in 79403 are up 1.3% over the past year, and down 0.6% a year over five years.
What is the typical rent in 79403?: A typical home in 79403 rents for about $1,197 a month, a gross rental yield of 14.0%.
What is the property tax rate in 79403?: The effective property tax rate in 79403 is 1.0% — roughly $1,063 a year on a typical home.
Who lives in 79403?: ZIP code 79403 has a population of 16,089 and a median household income of $47,907.

#Comparable ZIPs

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

79415 vs 79403 →
Lubbock, TX
Typical home
$101,805
Gross yield
10.5%
79343 vs 79403 →
Lorenzo, TX
Typical home
$104,198
Gross yield
—
79411
Lubbock, TX
Typical home
$101,111
Gross yield
12.6%
79404
Lubbock, TX
Typical home
$100,530
Gross yield
12.9%
79356
Post, TX
Typical home
$115,762
Gross yield
—
79412
Lubbock, TX
Typical home
$120,884
Gross yield
9.8%

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Pit ZIP 79403 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TX79403

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