Real Estate Investing in Lubbock, Texas (79407)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79407 (Lubbock, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Elevated vacancy: 8.4% vacancy may signal weakening demand.
What’s happening in Lubbock, TX (79407)?
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Market Analysis: 79407 Lubbock
ZIP 79407 in Lubbock, TX carries a solid set of headwinds. Home values near $227K and rents of $1,504/mo sit inside a market where underwriting has to be tight.
Rent of $1,504/mo on a $227K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 79407 sits below the stated 0.0% once reality is priced in.
The gap between 79407 and stronger Lubbock ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 79407 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 79407 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 79407
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $128,518 | $1,180 | 6.6% | +5.7% | $64,259 |
| 3BR | $202,378 | $1,630 | 5.8% | +5.1% | $67,459 |
| 4BR | $318,507 | $1,940 | 4.4% | +4.5% | $79,627 |
| 5BR | $736,864 | — | — | +6.6% | $147,373 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79407 Compare?
| Metric | 79407 | Lubbock | Lubbock, TX | Texas |
|---|---|---|---|---|
| Home Value | $226,599 | $94,293 | N/A | $297,000 |
| 5-Year CAGR | 3.2% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,504 | $1,217 | N/A | - |
| Cap Rate | 5.2% | 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 79407 (Lubbock, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,599 |
| Monthly Rent | $1,504 |
| Price-to-Rent | 12.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +5.0% ▲ |
🏠 Rent Trends
| 1-Year | +20.6% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). 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 79407
Population: 22,467
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 79407
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
Are homes affordable in Lubbock, TX?
Lubbock, TX home values average about $227K. That price point suits investors targeting rentals with $1,504/mo in monthly income.
What real estate strategy is ideal for Lubbock, TX?
Lubbock, TX investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($227K prices, $1,504/mo rents) make it a reasonable choice.
How do landlord-tenant laws work in Lubbock, TX?
TX ranks as a landlord-friendly state for landlord-tenant law. Lubbock generally follows the statewide framework, so landlords face reasonable operating rules.
How does Lubbock, TX stack up for property investment?
Yes - Lubbock, TX a 3.0/5 investability score. With $227K home prices against $1,504/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the renter demographic in Lubbock, TX?
Lubbock, TX offers a consistent renter base at the $1,504/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 79407 now. You don’t know where it ranks.
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How 79407 ranks in Lubbock, TX
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