HousingHandbookReference data

U.S. ZIP Code · TX79424

Lubbock County · Lubbock, TX

Typical home value

$300,136[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.8%
5-year / yr
+4.1%
10-year / yr
+4.1%

Relative price

vs U.S.
+5.7%
vs metro
+96.2%
vs state
+14.7%
ZIP 79424 location in TX
Location of ZIP 79424 in TX

Price history

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

The typical home in 79424 is worth $300,136 — 96.2% above the Lubbock, TX median. Over the past year, values have risen 2.8%. Homes here rent for a typical $1,583 a month — a 6.3% gross rental yield. The effective property tax rate is 1.7%.

#Rent & investment

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

Monthly rent
$1,583[2]
Gross yield
6.3%[2]
Cap rate
3.8%[2]

#Property tax

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

Effective tax rate
1.7%[3]
Typical annual tax
$4,958[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
53,478[3]
Median household income
$97,231[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
9
Elementary
6
Middle
2
High
0
  • UPLAND HEIGHTS EL

    Elementary · Grades PK–5 · FRENSHIP ISD

    883 students

  • HERITAGE MIDDLE

    Middle · Grades 6–8 · FRENSHIP ISD

    822 students

  • IRONS MIDDLE

    Middle · Grades 6–8 · LUBBOCK ISD

    729 students

  • LUBBOCK-COOPER WEST EL

    Elementary · Grades PK–5 · LUBBOCK-COOPER ISD

    627 students

  • CRESTVIEW EL

    Elementary · Grades PK–5 · FRENSHIP ISD

    585 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 yield6.3%
Net yield (after ~40% expenses)3.8%
Annual rent$18,999

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$1,518
Loan principal$240,108
Down payment$60,027
Total interest paid$306,245

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 ratio1.38
Monthly cost to own$2,180
Monthly rent$1,583

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
84th percentile[1]
Rental yield
0th percentile[2]
Property tax
90th percentile[3]

Frequently asked

How much is a home worth in ZIP code 79424?
The typical home in 79424 is worth $300,136, based on the Zillow Home Value Index.
Are home values rising in 79424?
Home values in 79424 are up 2.8% over the past year, and up 4.1% a year over five years.
What is the typical rent in 79424?
A typical home in 79424 rents for about $1,583 a month, a gross rental yield of 6.3%.
What is the property tax rate in 79424?
The effective property tax rate in 79424 is 1.7% — roughly $4,958 a year on a typical home.
Who lives in 79424?
ZIP code 79424 has a population of 53,478 and a median household income of $97,231.

#Comparable ZIPs

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

  • Shallowater, TX

    Typical home
    $296,472
    Gross yield
  • Wolfforth, TX

    Typical home
    $267,058
    Gross yield
    6.9%
  • New Home, TX

    Typical home
    $334,605
    Gross yield
  • Ropesville, TX

    Typical home
    $264,414
    Gross yield
  • Idalou, TX

    Typical home
    $254,469
    Gross yield
  • Lubbock, TX

    Typical home
    $234,182
    Gross yield
    7.7%

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