HousingHandbookReference data

U.S. ZIP Code · TX79404

Lubbock County · Lubbock, TX

Typical home value

$100,530[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-1.9%
5-year / yr
+1.7%
10-year / yr
+4.4%

Relative price

vs U.S.
-64.6%
vs metro
-34.3%
vs state
-61.6%
ZIP 79404 location in TX
Location of ZIP 79404 in TX

Price history

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

The typical home in 79404 is worth $100,530 — 34.3% below the Lubbock, TX median. Over the past year, values have fallen 1.9%. Homes here rent for a typical $1,083 a month — a 12.9% gross rental yield. The effective property tax rate is 1.1%.

#Rent & investment

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

Monthly rent
$1,083[2]
Gross yield
12.9%[2]
Cap rate
7.8%[2]

#Property tax

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

Effective tax rate
1.1%[3]
Typical annual tax
$1,083[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
8,529[3]
Median household income
$51,630[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
1
High
1
  • ERVIN EL

    Elementary · Grades PK–5 · LUBBOCK ISD

    399 students

  • HARWELL EL

    Elementary · Grades PK–5 · LUBBOCK ISD

    385 students

  • DUNBAR COLLEGE PREPARATORY ACADEMY

    Middle · Grades 6–8 · LUBBOCK ISD

    382 students

  • PRIORITY INTERVENTION ACADEMY

    High · Grades 6–12 · LUBBOCK ISD

    108 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 yield12.9%
Net yield (after ~40% expenses)7.8%
Annual rent$13,000

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$508
Loan principal$80,424
Down payment$20,106
Total interest paid$102,576

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 ratio0.63
Monthly cost to own$683
Monthly rent$1,083

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
32nd percentile[1]
Rental yield
93rd percentile[2]
Property tax
26th percentile[3]

Frequently asked

How much is a home worth in ZIP code 79404?
The typical home in 79404 is worth $100,530, based on the Zillow Home Value Index.
Are home values rising in 79404?
Home values in 79404 are down 1.9% over the past year, and up 1.7% a year over five years.
What is the typical rent in 79404?
A typical home in 79404 rents for about $1,083 a month, a gross rental yield of 12.9%.
What is the property tax rate in 79404?
The effective property tax rate in 79404 is 1.1% — roughly $1,083 a year on a typical home.
Who lives in 79404?
ZIP code 79404 has a population of 8,529 and a median household income of $51,630.

#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
    $101,111
    Gross yield
    12.6%
  • Lubbock, TX

    Typical home
    $101,805
    Gross yield
    10.5%
  • Lubbock, TX

    Typical home
    $102,730
    Gross yield
    14.0%
  • Lorenzo, TX

    Typical home
    $104,198
    Gross yield
  • Post, TX

    Typical home
    $115,762
    Gross yield
  • Ralls, TX

    Typical home
    $80,375
    Gross yield

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