The story of this market
The typical home in ZIP 79401 sells for about $244,711, or $125 per square foot.
Prices are down 4.1% from a year ago, which gives buyers more room to negotiate. Homes take about 61 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,251 a month.
ZIP 79401 — Lubbock
The 79401 housing market is currently experiencing a period of price stabilization with a median home price of $244,711. Market activity is driven by its central downtown location and the influence of Texas Tech University, maintaining steady demand despite broader regional fluctuations.
This ZIP is well-suited for students, young professionals, and urban-focused renters who value proximity to Texas Tech University and the vibrancy of downtown Lubbock.
Median prices moved down 4.1% year over year.
Homes spend a median of 61 days on market with 3.7 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 94.8% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 18.8% — a stable, low-distress profile.
ZCTA 79401, Lubbock County TX
The area is anchored by the presence of Texas Tech University, which drives significant economic and cultural activity in the downtown core.
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).
Located in the heart of downtown Lubbock, the area offers central access to major city employment hubs and the university campus.
The area features proximity to downtown cultural venues, local shopping, and dining districts within the urban core.
The rental market is characterized by high demand from students and young professionals, with a median rent of approximately $1,251 for a two-bedroom unit.
The economy is heavily influenced by Texas Tech University and the broader Lubbock metropolitan service and education sectors.
Data sourced from Point2Homes and ZIP-Codes.com; specific ACS breakdown fields not fully available for this ZCTA.
- Blazing Bouncers / Arcave4.56.5 mi
- Adventure Park4.14 mi
- MaxxAir Trampoline Park4.26.5 mi
- Chuck E. Cheese3.95.7 mi
- Water Rampage3.67 mi
- United Supermarkets Arena4.72 mi
- Galaxy Stadium4.71.3 mi
- Lubbock Memorial Civic Center4.70.3 mi
- Golden Corral Buffet & Grill45.3 mi
- Science Spectrum & OMNI Theater4.64.1 mi
- Cinemark Tinseltown Lubbock and XD4.54.8 mi
- Lubbock Premiere LUX 16 IMAX and Pizza Pub4.45.3 mi
- Main Event Lubbock4.25.9 mi
- Science Spectrum & OMNI Theater4.64.1 mi
- Blazing Bouncers / Arcave4.56.5 mi
- Science Spectrum & OMNI Theater4.64.1 mi
- Museum at Texas Tech University4.72 mi
- National Ranching Heritage Center4.81.9 mi
- Buddy Holly Center4.60.7 mi
- American Windmill Museum4.81.7 mi
- Buffalo Springs Lake48.2 mi
- Prairie Dog Town4.61.5 mi
- Mackenzie Main City Park4.51.1 mi
- Mae Simmons Park4.51.8 mi
- Maxey Park4.53 mi
- Meadowbrook Golf Club3.61.6 mi
- The Rawls Course4.62.7 mi
- Shadow Hills Golf Course4.25.3 mi
- Hillcrest Golf & Country Club4.54.1 mi
- Reese Golf Center3.810.1 mi
- South Plains Mall4.25.3 mi
- T.J. Maxx4.35 mi
- Marshalls & HomeGoods4.45.6 mi
- Burlington4.16.2 mi
- La Super Economica Meat Market4.31.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major anchor institution driving local economy and culture.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.