Real Estate Investing in Lubbock, Texas (79423)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79423 (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 (79423)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 79423 Lubbock
Investors eyeing 79423 need to respect the fundamentals at play. Home values of $238K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 79423 registers the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 79423 and stronger Lubbock ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 79423 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 79423 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 79423
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $155,374 | $1,300 | 6.0% | +4.6% | $77,687 |
| 3BR | $203,867 | $1,810 | 6.4% | +4.3% | $67,956 |
| 4BR | $384,840 | $2,150 | 4.0% | +5.3% | $96,210 |
| 5BR | $561,814 | — | — | +6.8% | $112,363 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79423 Compare?
| Metric | 79423 | Lubbock | Lubbock, TX | Texas |
|---|---|---|---|---|
| Home Value | $237,599 | $94,293 | N/A | $297,000 |
| 5-Year CAGR | 3.0% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,535 | $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 79423 (Lubbock, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 79423 (Lubbock, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $237,599 |
| Monthly Rent | $1,535 |
| Price-to-Rent | 12.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.0% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +0.0% ▲ |
| 5-Year CAGR | +3.0% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +3.1% ▲ |
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 79423
Population: 44,357
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 79423
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 approach is best for Lubbock, TX real estate?
Investors usually favor careful cash-flow rentals with hands-on management in Lubbock, TX. With home values at $238K and rents near $1,535/mo, other strategies can work but produce stable rather than outsized returns.
How strong is tenant demand in Lubbock, TX?
Tenant quality in Lubbock, TX ranks as solid. Landlords generally report stable occupancy at market rents of $1,535/mo.
Is Lubbock in TX worth investing in?
Yes - Lubbock, TX a 3.0/5 investability score. With $238K home prices against $1,535/mo monthly rent, the market delivers a reasonable entry point for new investors.
Is Lubbock, TX a friendly market for rental owners?
TX law landlord-friendly for landlords, and Lubbock inherits those rules. Investors should still review local ordinances for rental licensing.
How much is rent in Lubbock, TX?
Expect rents around $1,535/mo per month in Lubbock, TX. With home values at $238K, the yield math works out to reasonable levels for rental investors.
You know 79423 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 79423 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 79423 ranks in Lubbock, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 79423 (Lubbock)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 79423 (Lubbock, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.