Real Estate Investing in Lubbock, Texas (79404)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79404 (Lubbock, TX)? Our answer, based on the numbers below.
Solid choice — stable market with a reasonable entry point and good rental backup if you ever need to move.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.9% of homes vacant — above national norms.
- Elevated poverty: 24.4% poverty rate — can affect rent collection.
What’s happening in Lubbock, TX (79404)?
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Market Analysis: 79404 Lubbock
ZIP 79404 inside Lubbock, TX leans into a value-add thesis. Home values near $102K sit below the state median, and rents of $1,143/mo leave room for forced-equity plays.
In 79404, the deal is made on the buy and on the capex. sturdy entry prices of $102K leave room in the budget for light-to-medium renovation, with rent lift to match.
Comparing Lubbock submarkets, ZIP 79404 offers an entry cost that most surrounding neighborhoods have moved past. The substantial delta is the opportunity.
A renter-heavy, wage-earner demographic anchors 79404. Value-add players rely on that mix — the 33% share is both the tenant source and the buyer pool for future owner-occupied exits.
Flippers with local expertise can do well in 79404. Out-of-state investors should partner with boots-on-the-ground operators or skip the ZIP entirely.
Here's what matters if you're considering buying a home in Lubbock:
Property Strategy for 79404
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $61,203 | $1,080 | 12.7% | +3.3% | $30,602 |
| 3BR | $101,598 | $1,500 | 10.6% | +3.1% | $33,866 |
| 4BR | $220,498 | $1,760 | 5.7% | +4.3% | $55,125 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79404 Compare?
| Metric | 79404 | Lubbock | Lubbock, TX | Texas |
|---|---|---|---|---|
| Home Value | $101,651 | $94,293 | N/A | $297,000 |
| 5-Year CAGR | 3.1% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,143 | $1,217 | N/A | - |
| Cap Rate | 8.8% | 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 79404 (Lubbock, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $101,651 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 7.4:1 |
| 1% Rule | ✓ Passes |
💰 Return Metrics
| Gross Yield | 13.5% |
| Cap Rate | 8.8% |
| 5-Year IRR | 11.9% |
📈 Home Appreciation
| 1-Year | +8.3% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +3.1% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The estimated cap rate (8.8%) exceeds the current 30-yr mortgage rate (6.8%). When borrowing costs less than a property yields, leverage can increase your cash-on-cash return above the cap rate.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79404
Population: 8,686
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 79404
Schools in This ZIP Code
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
Which investment style suits Lubbock, TX?
Lubbock, TX investors pursuing value-add and BRRRR deals. The underlying economics ($102K prices, $1,143/mo rents) make it a reasonable choice.
Is Lubbock, TX good for BRRRR investors?
BRRRR works a strong in Lubbock, TX. With $102K ARVs and $1,143/mo rents, investors who buy right can refinance out most of their capital.
Does Lubbock, TX meet the 1% rule for rental property?
With $1,143/mo rents against $102K home prices, Lubbock, TX produces a 1.12% ratio. That is reasonable proximity to the 1% threshold.
What kind of market is Lubbock, TX for investors?
The 5.0/5 investability rating in Lubbock, TX reflects its $102K prices and $1,143/mo rents. Investors generally consider it a solid option within TX.
How viable is house hacking in Lubbock, TX?
House hacking works an attractive in Lubbock, TX. Rents of $1,143/mo against $102K acquisition make the strategy solid for owner-occupants.
You know 79404 now. You don’t know where it ranks.
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How 79404 ranks in Lubbock, TX
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