Real Estate Investing in Lubbock, Texas (79401)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79401 (Lubbock, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.3% of homes vacant — above national norms.
- Lower household income: $23,400 median — tenant affordability is tighter.
What’s happening in Lubbock, TX (79401)?
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Market Analysis: 79401 Lubbock
Investors eyeing 79401 need to respect the fundamentals at play. Home values of $152K come alongside slower price movement and elevated management overhead.
The 79401 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In practical terms, 79401 offers a low basis, the region around Lubbock has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The demographic picture in 79401 includes headwinds that any investor should price in. Income distribution skews lower than Lubbock averages, and tenant stability requires active management.
Strategically, 79401 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Lubbock:
Property Strategy for 79401
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $124,436 | $1,110 | 6.4% | +3.7% | $62,218 |
| 3BR | $149,605 | $1,540 | 7.4% | +2.9% | $49,868 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79401 Compare?
| Metric | 79401 | Lubbock | Lubbock, TX | Texas |
|---|---|---|---|---|
| Home Value | $152,017 | $94,293 | N/A | $297,000 |
| 5-Year CAGR | 2.0% | 2.6% | N/A | 5.4% |
| Avg Rent | $983 | $1,217 | N/A | - |
| Cap Rate | 5.0% | 6.1% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 79401 (Lubbock, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $152,017 |
| Monthly Rent | $983 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.0% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | -1.2% ▼ |
| 5-Year CAGR | +2.0% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | +15.4% ▲ |
| 3-Year CAGR | +8.4% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79401
Population: 8,641
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 79401
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
ATKINS MIDDLE
SLATON MIDDLE
BEAN EL
OVERTON EL
BAYLESS EL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,467 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Lubbock, TX?
The 3.0/5 investability rating in Lubbock, TX reflects its $152K prices and $983/mo rents. Investors generally consider it a solid option within TX.
How much rent can I charge in Lubbock, TX?
Rental rates in Lubbock, TX average $983/mo. Tenant demand and $152K home values make the yield look reasonable by investor standards.
How strong is the working-renter base in Lubbock, TX?
Tenant quality in Lubbock, TX ranks as solid. Landlords generally report stable occupancy at market rents of $983/mo.
What are vacancy rates like in Lubbock, TX?
Lubbock, TX carries elevated vacancy risk. Expect reliable absorption at market rents of $983/mo.
What does house hacking look like in Lubbock, TX?
House hacking in Lubbock, TX is reasonable to execute. Prices around $152K and rents of $983/mo solid owner-occupant economics.
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How 79401 ranks in Lubbock, TX
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