How much is a home worth in ZIP code 79423?

The typical home in 79423 is worth $234,182, based on the Zillow Home Value Index.

Are home values rising in 79423?

Home values in 79423 are up 1.6% over the past year, and up 3.4% a year over five years.

What is the typical rent in 79423?

A typical home in 79423 rents for about $1,499 a month, a gross rental yield of 7.7%.

What is the property tax rate in 79423?

The effective property tax rate in 79423 is 1.6% — roughly $3,700 a year on a typical home.

ZIP code 79423 has a population of 46,998 and a median household income of $84,933.

HousingHandbookReference data

…

U.S. ZIP Code · TX79423

Lubbock County · Lubbock, TX

Typical home value

$234,182^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +1.6%
5-year / yr: +3.4%
10-year / yr: +4.1%

Relative price

vs U.S.: -17.6%
vs metro: +53.1%
vs state: -10.5%

Price history

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

The typical home in 79423 is worth $234,182 — 53.1% above the Lubbock, TX median. Over the past year, values have risen 1.6%. Homes here rent for a typical $1,499 a month — a 7.7% gross rental yield. The effective property tax rate is 1.6%.

#Rent & investment

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

Monthly rent: $1,499^[2]
Gross yield: 7.7%^[2]
Cap rate: 4.6%^[2]

#Property tax

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

Effective tax rate: 1.6%^[3]
Typical annual tax: $3,700^[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: 46,998^[3]
Median household income: $84,933^[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: 11
Elementary: 7
Middle: 2
High: 2

LUBBOCK-COOPER H S
High · Grades 9–12 · LUBBOCK-COOPER ISD
1,942 students
LUBBOCK-COOPER MIDDLE
Middle · Grades 6–8 · LUBBOCK-COOPER ISD
971 students
LUBBOCK-COOPER CENTRAL EL
Elementary · Grades PK–5 · LUBBOCK-COOPER ISD
911 students
LUBBOCK-COOPER LAURA BUSH MIDDLE
Middle · Grades 6–8 · LUBBOCK-COOPER ISD
859 students
LUBBOCK-COOPER EAST EL
Elementary · Grades PK–5 · LUBBOCK-COOPER ISD
802 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 yield7.7%

Net yield (after ~40% expenses)4.6%

Annual rent$17,987

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$1,184

Loan principal$187,346

Down payment$46,836

Total interest paid$238,949

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 ratio1.13

Monthly cost to own$1,688

Monthly rent$1,499

Renting 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: 68th percentile^[1]
Rental yield: 21st percentile^[2]
Property tax: 84th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 79423?: The typical home in 79423 is worth $234,182, based on the Zillow Home Value Index.
Are home values rising in 79423?: Home values in 79423 are up 1.6% over the past year, and up 3.4% a year over five years.
What is the typical rent in 79423?: A typical home in 79423 rents for about $1,499 a month, a gross rental yield of 7.7%.
What is the property tax rate in 79423?: The effective property tax rate in 79423 is 1.6% — roughly $3,700 a year on a typical home.
Who lives in 79423?: ZIP code 79423 has a population of 46,998 and a median household income of $84,933.

#Comparable ZIPs

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

79407 vs 79423 →
Lubbock, TX
Typical home
$226,154
Gross yield
8.0%
79329 vs 79423 →
Idalou, TX
Typical home
$254,469
Gross yield
—
79416
Lubbock, TX
Typical home
$204,370
Gross yield
8.4%
79358
Ropesville, TX
Typical home
$264,414
Gross yield
—
79382
Wolfforth, TX
Typical home
$267,058
Gross yield
6.9%
79413
Lubbock, TX
Typical home
$193,698
Gross yield
8.7%

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Compare ZIPs

Pit ZIP 79423 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · TX79423

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