The story of this market
The typical home in ZIP 79403 sells for about $111,000, or $87 per square foot.
Prices are roughly flat from a year ago (+0.2%), a market in balance. Homes take about 66 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,200 a month.
ZIP 79403 — Lubbock
The housing market in 79403 remains stable with modest price growth and a balanced inventory level. Buyers are finding more room for negotiation as days on market remain elevated compared to the broader metro area. The market is primarily driven by affordability and proximity to central Lubbock employment hubs.
This ZIP is well-suited for budget-conscious buyers, investors seeking entry-level properties, and renters looking for proximity to the city's core employment and educational institutions.
Median prices moved up 0.2% year over year.
Homes spend a median of 66 days on market with 2.4 months of supply — a fast-moving market.
18% 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 6.2% · poverty 28.4% — a mixed stability 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 1.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79403, Lubbock County TX
Crime rates in this area are higher than the national average, with property crime being the most frequently reported incident type.
Schools serving this ZIP are part of the Lubbock Independent School District, which maintains a diverse range of academic and extracurricular programs.
The area is subject to standard West Texas climate risks, including high winds, occasional severe thunderstorms, and potential for flash flooding during heavy rain events.
Economic momentum is driven by the broader Lubbock metro area, anchored by Texas Tech University and a growing healthcare and agricultural sector.
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 most major employment hubs in Lubbock accessible within a 15-20 minute drive.
The area features local community parks and is within a short drive of the amenities and cultural attractions located in downtown Lubbock.
The rental market is characterized by steady demand from students and workforce populations, with moderate vacancy pressure.
The economy is anchored by Texas Tech University, Covenant Health, and the regional agricultural industry.
The area is served by a network of major highways including I-27 and US-84, facilitating regional connectivity.
Ongoing infrastructure improvements in the city of Lubbock focus on road expansion and utility upgrades.
The Lubbock Central Appraisal District performs annual property valuations to ensure equitable tax distribution across the county.
Parcels are subject to Lubbock ISD, Lubbock County, and city-specific tax levies.
Property insurance premiums in the region are influenced by exposure to wind and hail risks common to the Texas Panhandle.
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 / Arcave4.512.1 mi
- Adventure Park4.110.3 mi
- MaxxAir Trampoline Park4.212.7 mi
- Chuck E. Cheese3.912.1 mi
- Water Rampage3.613.3 mi
- United Supermarkets Arena4.78.2 mi
- Galaxy Stadium4.77.2 mi
- Lubbock Memorial Civic Center4.76.3 mi
- Golden Corral Buffet & Grill411.8 mi
- Science Spectrum & OMNI Theater4.610.5 mi
- Cinemark Tinseltown Lubbock and XD4.511.1 mi
- Lubbock Premiere LUX 16 IMAX and Pizza Pub4.411.8 mi
- Main Event Lubbock4.212.2 mi
- Science Spectrum & OMNI Theater4.610.5 mi
- Blazing Bouncers / Arcave4.512.1 mi
- Science Spectrum & OMNI Theater4.610.5 mi
- Museum at Texas Tech University4.77.8 mi
- National Ranching Heritage Center4.87.7 mi
- Buddy Holly Center4.66.6 mi
- American Windmill Museum4.85.9 mi
- Buffalo Springs Lake48.8 mi
- Prairie Dog Town4.65.1 mi
- Mackenzie Main City Park4.55.5 mi
- Mae Simmons Park4.56 mi
- Maxey Park4.59.4 mi
- Meadowbrook Golf Club3.65 mi
- The Rawls Course4.68 mi
- Shadow Hills Golf Course4.210.5 mi
- Hillcrest Golf & Country Club4.56 mi
- LakeRidge Country Club4.212.8 mi
- South Plains Mall4.211.8 mi
- T.J. Maxx4.311.6 mi
- Marshalls & HomeGoods4.411.7 mi
- La Super Economica Meat Market4.36.4 mi
- Burlington4.112.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A public garden and green space serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.