Real Estate Investing in Lubbock, Texas (79413)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79413 (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.
No major risk flags on the data we track.
What’s happening in Lubbock, TX (79413)?
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Market Analysis: 79413 Lubbock
The 79413 ZIP covers a section of Lubbock that demands careful diligence. Prices near $194K look accessible, but the work to make a deal cash flow is real.
The 79413 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Stepping back, 79413 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.
Employment concentration in 79413 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. significant returns are possible in 79413, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Lubbock:
Property Strategy for 79413
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $117,814 | $1,360 | 8.3% | +4.9% | $58,907 |
| 3BR | $189,351 | $1,890 | 7.2% | +4.5% | $63,117 |
| 4BR | $260,312 | $2,240 | 6.2% | +4.9% | $65,078 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79413 Compare?
| Metric | 79413 | Lubbock | Lubbock, TX | Texas |
|---|---|---|---|---|
| Home Value | $194,380 | $94,293 | N/A | $297,000 |
| 5-Year CAGR | 2.8% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,330 | $1,217 | N/A | - |
| Cap Rate | 5.3% | 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 79413 (Lubbock, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $194,380 |
| Monthly Rent | $1,330 |
| Price-to-Rent | 12.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.2% |
| Cap Rate | 5.3% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | 0.0% ▼ |
| 5-Year CAGR | +2.8% ▲ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.3%). 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 79413
Population: 23,464
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 79413
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
Is Lubbock, TX a smart market for rental property?
Yes - Lubbock, TX a 3.0/5 investability score. With $194K home prices against $1,330/mo monthly rent, the market delivers a reasonable entry point for new investors.
Where do home prices stand in Lubbock, TX?
Typical homes in Lubbock, TX go for around $194K. The 5-year CAGR of 0.0% measured price movement.
How much is rent in Lubbock, TX?
Rental rates in Lubbock, TX average $1,330/mo. Tenant demand and $194K home values make the yield look reasonable by investor standards.
What real estate strategy is ideal for Lubbock, TX?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Lubbock, TX. The numbers - $194K homes against $1,330/mo rents - support that play.
Is house hacking profitable in Lubbock, TX?
The a challenging house-hack environment in Lubbock, TX reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
You know 79413 now. You don’t know where it ranks.
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How 79413 ranks in Lubbock, TX
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