U.S. ZIP Code · TX79407
Hockley County · Lubbock, TX
Appreciation
- 1-year
- +1.8%
- 5-year / yr
- +3.6%
- 10-year / yr
- +5.1%
Relative price
- vs U.S.
- -20.4%
- vs metro
- +47.9%
- vs state
- -13.6%
Price history
Zillow Home Value Index — monthly, smoothed and seasonally adjusted.
The typical home in 79407 is worth $226,154 — 47.9% above the Lubbock, TX median. Over the past year, values have risen 1.8%. Homes here rent for a typical $1,517 a month — a 8.0% gross rental yield. The effective property tax rate is 1.3%.
#Rent & investment
Typical asking rent, and the returns it implies at the current home value.
#Property tax
Effective rate — total real estate taxes paid relative to total home value.
#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
#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
- 3
- Elementary
- 2
- Middle
- 0
- High
- 1
HARMONY SCIENCE ACADEMY - LUBBOCK
Elementary · Grades PK–8 · HARMONY PUBLIC SCHOOLS - WEST TEXAS
610 students
WESTWIND EL
Elementary · Grades PK–5 · FRENSHIP ISD
574 students
PREMIER H S OF LUBBOCK
High · Grades 9–12 · PREMIER HIGH SCHOOLS
170 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 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.
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.
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.
Frequently asked
- How much is a home worth in ZIP code 79407?
- The typical home in 79407 is worth $226,154, based on the Zillow Home Value Index.
- Are home values rising in 79407?
- Home values in 79407 are up 1.8% over the past year, and up 3.6% a year over five years.
- What is the typical rent in 79407?
- A typical home in 79407 rents for about $1,517 a month, a gross rental yield of 8.0%.
- What is the property tax rate in 79407?
- The effective property tax rate in 79407 is 1.3% — roughly $3,047 a year on a typical home.
- Who lives in 79407?
- ZIP code 79407 has a population of 24,000 and a median household income of $61,509.
#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
- $234,182
- Gross yield
- 7.7%
Lubbock, TX
- Typical home
- $204,370
- Gross yield
- 8.4%
Idalou, TX
- Typical home
- $254,469
- Gross yield
- —
Lubbock, TX
- Typical home
- $193,698
- Gross yield
- 8.7%
Ropesville, TX
- Typical home
- $264,414
- Gross yield
- —
Lubbock, TX
- Typical home
- $185,700
- Gross yield
- 9.6%
Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →
Compare ZIPs
Pit ZIP 79407 against any other ZIP — full side-by-side table.
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