Real Estate Investing in Lubbock, Texas (79415)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79415 (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.
- High vacancy: 12.2% of homes vacant — above national norms.
- Elevated poverty: 24.5% poverty rate — can affect rent collection.
- Lower household income: $37,072 median — tenant affordability is tighter.
What’s happening in Lubbock, TX (79415)?
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Market Analysis: 79415 Lubbock
The 79415 ZIP covers a section of Lubbock that demands careful diligence. Prices near $101K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 79415 can be a a credible choice for hunting ground — but the discount at $101K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 79415 among TX's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Who lives in 79415 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Lubbock's stable or hybrid ZIPs before stepping into 79415. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lubbock:
Property Strategy for 79415
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $65,460 | $1,080 | 11.9% | +3.3% | $32,730 |
| 3BR | $115,096 | $1,500 | 9.4% | +2.4% | $38,365 |
| 4BR | $283,791 | $1,760 | 4.5% | +4.2% | $70,948 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79415 Compare?
| Metric | 79415 | Lubbock | Lubbock, TX | Texas |
|---|---|---|---|---|
| Home Value | $100,686 | $94,293 | N/A | $297,000 |
| 5-Year CAGR | 2.1% | 2.6% | N/A | 5.4% |
| Avg Rent | $945 | $1,217 | N/A | - |
| Cap Rate | 7.3% | 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 79415 (Lubbock, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $100,686 |
| Monthly Rent | $945 |
| Price-to-Rent | 8.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 11.3% |
| Cap Rate | 7.3% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | -2.8% ▼ |
| 5-Year CAGR | +2.1% ▲ |
| 10-Year CAGR | +4.5% ▲ |
🏠 Rent Trends
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.3%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 79415
Population: 16,765
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 79415
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
What kind of vacancy should I budget for in Lubbock, TX?
Vacancy in Lubbock, TX is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $945/mo.
How much do tenants pay in Lubbock, TX?
Rents in Lubbock, TX run near $945/mo. Compared with median home prices of $101K that produces solid gross yields for typical rentals.
How do landlord-tenant laws work in Lubbock, TX?
For rental operators, Lubbock, TX rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What type of investing works in Lubbock, TX?
The best-fit strategy in Lubbock, TX is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Should investors consider Lubbock, TX?
Lubbock, TX rates 3.0/5 for investability. With median values at $101K and rents near $945/mo, the market offers reasonable fundamentals for rental investors.
You know 79415 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 79415 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 79415 ranks in Lubbock, TX
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