Real Estate Investing in Lubbock, Texas (79424)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 79424 (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.
No major risk flags on the data we track.
What’s happening in Lubbock, TX (79424)?
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Market Analysis: 79424 Lubbock
Not every below-median market is a bargain. Lubbock's 79424 ZIP clocks in at signals that favor experienced operators who can absorb the risk $306K pricing implies.
Turning to rents, the numbers look inviting — $306K purchase price, 0.0% nominal cap — the work to hit that pro forma in 79424 is substantial and deserves full respect.
Within TX, ZIP 79424 trails on several market indicators that neighboring Lubbock County submarkets outperform. The gap is real and notable enough to shape underwriting.
Demographically, 79424 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Lubbock's stable or hybrid ZIPs before stepping into 79424. 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 79424
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $189,239 | $1,170 | 4.5% | +2.6% | $94,619 |
| 3BR | $247,020 | $1,630 | 4.8% | +4.7% | $82,340 |
| 4BR | $386,972 | $1,930 | 3.6% | +4.9% | $96,743 |
| 5BR | $684,017 | — | — | +6.4% | $136,803 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 79424 Compare?
| Metric | 79424 | Lubbock | Lubbock, TX | Texas |
|---|---|---|---|---|
| Home Value | $305,652 | $94,293 | N/A | $297,000 |
| 5-Year CAGR | 3.8% | 2.6% | N/A | 5.4% |
| Avg Rent | $1,618 | $1,217 | N/A | - |
| Cap Rate | 4.1% | 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 79424 (Lubbock, TX). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $305,652 |
| Monthly Rent | $1,618 |
| Price-to-Rent | 15.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.1% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | -0.3% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +1.9% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). 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 79424
Population: 52,336
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 79424
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
Is Lubbock in TX worth investing in?
With a 3.0/5 investability score, Lubbock, TX ranks as a solid market for rental property investors. Median prices of $306K and rents of $1,618/mo drive the underlying numbers.
Which real estate strategy fits Lubbock, TX?
In Lubbock, TX the robust play is typically careful cash-flow rentals with hands-on management. The combination of $306K prices and $1,618/mo rents suits that approach.
What kind of vacancy should I budget for in Lubbock, TX?
Vacancy risk in Lubbock, TX is elevated. That supports measured cash flow for typical rental holds.
What is the median home value in Lubbock, TX?
The median home value in Lubbock, TX is roughly $306K. That puts it reasonable relative to the TX statewide average.
How strong are rents in Lubbock, TX?
Rents in Lubbock, TX run near $1,618/mo. Compared with median home prices of $306K that produces solid gross yields for typical rentals.
You know 79424 now. You don’t know where it ranks.
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How 79424 ranks in Lubbock, TX
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