The story of this market
The typical home in ZIP 79407 sells for about $249,000, or $87 per square foot.
Prices are up +1.7% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,350 a month.
ZIP 79407 — Lubbock
The housing market in 79407 remains balanced with steady demand and modest year-over-year price growth. While inventory levels are sufficient, the market is supported by the stable economic base of the Lubbock MSA. Buyers are finding a competitive but manageable environment compared to larger Texas metros.
This ZIP is well-suited for families and professionals seeking suburban living with proximity to Lubbock's major employment and educational hubs.
Median prices moved up 1.7% year over year.
Homes spend a median of 42 days on market with 2.9 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 12.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79407, Lubbock County TX
The area is served by the Lubbock Independent School District, which maintains a variety of public school options for residents.
The region is subject to standard West Texas climate risks, including high winds and occasional severe thunderstorms.
Economic momentum is driven by the broader Lubbock MSA, anchored by healthcare, education, and agricultural sectors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents typically rely on personal vehicles for commuting, with convenient access to major thoroughfares connecting to the Lubbock employment core.
The area features access to local parks and is within a short drive of major shopping and dining districts in western Lubbock.
The rental market is stable with moderate vacancy pressure, supported by a mix of long-term residents and students.
The economy is anchored by Texas Tech University, major regional healthcare systems, and a robust agricultural industry.
Transportation is primarily highway-based, with major corridors providing access throughout the Lubbock metropolitan area.
Ongoing residential and commercial development continues in the western portions of the city.
The Lubbock Central Appraisal District manages property assessments for all taxing jurisdictions within the county.
Parcels are subject to Lubbock ISD, Lubbock County, and city-level tax levies.
Property insurance premiums are influenced by regional weather patterns, including wind and hail exposure.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Blazing Bouncers / Arcave4.515.7 mi
- Adventure Park4.110.2 mi
- MaxxAir Trampoline Park4.28.2 mi
- Chuck E. Cheese3.99.4 mi
- Water Rampage3.68.1 mi
- United Supermarkets Arena4.712 mi
- Galaxy Stadium4.712.8 mi
- Lubbock Memorial Civic Center4.714.1 mi
- Golden Corral Buffet & Grill410.6 mi
- Science Spectrum & OMNI Theater4.613.1 mi
- Lubbock Premiere LUX 16 IMAX and Pizza Pub4.410 mi
- Main Event Lubbock4.28.7 mi
- Adventure Park4.110.2 mi
- Dave & Buster's Lubbock4.48.5 mi
- National Ranching Heritage Center4.812.1 mi
- Science Spectrum & OMNI Theater4.613.1 mi
- Museum at Texas Tech University4.712 mi
- National Ranching Heritage Center4.812.1 mi
- Buddy Holly Center4.614.5 mi
- American Windmill Museum4.815.6 mi
- Maxey Park4.511.2 mi
- Buddy Holly Lake Recreation Area4.512.8 mi
- Wagner Park4.712.4 mi
- AB Davis Park4.411.3 mi
- Hodges Park4.513 mi
- The Rawls Course4.611.5 mi
- Shadow Hills Golf Course4.28.8 mi
- Reese Golf Center3.83.9 mi
- LakeRidge Country Club4.211.3 mi
- Texas Wedge4.910.8 mi
- South Plains Mall4.210.2 mi
- T.J. Maxx4.311.3 mi
- Marshalls & HomeGoods4.48.5 mi
- Burlington4.18.5 mi
- Sprouts Farmers Market4.411.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Various neighborhood parks providing green space and recreational facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.