The story of this market
The typical home in ZIP 79423 sells for about $299,994, or $139 per square foot.
Prices are down 5.7% from a year ago, which gives buyers more room to negotiate. Homes take about 38.5 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 79423 — Lubbock
The 79423 housing market is currently balanced, with prices showing slight year-over-year softening while inventory remains relatively stable. Demand is supported by the area's strong school district and ongoing suburban development, keeping the market competitive for buyers despite broader economic headwinds.
This ZIP is ideal for families seeking newer construction and top-rated schools, as well as professionals working in the medical or educational sectors who prefer a suburban lifestyle with easy access to city amenities.
Median prices moved down 5.7% year over year.
Homes spend a median of 39 days on market with 3.2 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 3.2% · poverty 6.5% — 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 4.9%/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 5.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 79423, Lubbock County TX
Crime rates in the 79423 area are generally considered lower than the Lubbock city average, with the area benefiting from its suburban character and distance from the urban core.
The area is served by the Lubbock-Cooper Independent School District, which is highly regarded in the region for its academic performance and modern facilities.
The region faces moderate risks from severe thunderstorms, high winds, and occasional hail, with standard insurance coverage typically addressing these regional climate factors.
Development is driven by the expansion of the Lubbock-Cooper school district and new residential subdivisions, with proximity to major retail corridors along the southern edge of Lubbock.
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).
Commutes are primarily car-dependent, with residents utilizing US-87 and Loop 289 to access the Texas Tech University and downtown Lubbock employment hubs.
The area features access to local community parks, proximity to the Lubbock Memorial Arboretum, and various shopping and dining options along the Milwaukee Avenue corridor.
The rental market is characterized by a mix of single-family rentals and newer apartment complexes, with vacancy rates remaining stable due to consistent demand from university-affiliated residents and families.
The economy is anchored by Texas Tech University, the medical district, and a growing retail and service sector that supports the southern expansion of the city.
Transportation is dominated by private vehicle use, with major highway corridors providing the primary link to the broader Lubbock metropolitan area.
Development is focused on residential expansion and supporting infrastructure, including road improvements to handle increased traffic along the southern perimeter.
The Lubbock Central Appraisal District manages annual property assessments, with a focus on market-value adjustments for residential properties.
Parcels are subject to Lubbock-Cooper ISD taxes, with some areas potentially falling under specific municipal utility districts for water and sewer services.
Property insurance premiums are influenced by regional weather risks, including hail and wind, leading to a competitive but cost-conscious market.
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Data retrieved from data.census.gov using ZCTA 79423 profile.
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 / Arcave4.54.6 mi
- Adventure Park4.110.3 mi
- MaxxAir Trampoline Park4.210 mi
- Chuck E. Cheese3.99.1 mi
- Water Rampage3.69.7 mi
- United Supermarkets Arena4.710.8 mi
- Galaxy Stadium4.711.4 mi
- Lubbock Memorial Civic Center4.711.3 mi
- Golden Corral Buffet & Grill48 mi
- Science Spectrum & OMNI Theater4.67.1 mi
- Cinemark Tinseltown Lubbock and XD4.56.4 mi
- Lubbock Premiere LUX 16 IMAX and Pizza Pub4.48.7 mi
- Main Event Lubbock4.29.9 mi
- Science Spectrum & OMNI Theater4.67.1 mi
- Blazing Bouncers / Arcave4.54.6 mi
- Science Spectrum & OMNI Theater4.67.1 mi
- Museum at Texas Tech University4.711.4 mi
- National Ranching Heritage Center4.811.4 mi
- Buddy Holly Center4.610.6 mi
- American Windmill Museum4.811 mi
- Buffalo Springs Lake411.2 mi
- Prairie Dog Town4.612.1 mi
- Mackenzie Main City Park4.511.8 mi
- Mae Simmons Park4.510.8 mi
- Maxey Park4.510.2 mi
- Meadowbrook Golf Club3.612.3 mi
- The Rawls Course4.612 mi
- Shadow Hills Golf Course4.212.6 mi
- LakeRidge Country Club4.26.6 mi
- Texas Wedge4.97.2 mi
- South Plains Mall4.28.5 mi
- T.J. Maxx4.37.5 mi
- Marshalls & HomeGoods4.410.8 mi
- Burlington4.19.8 mi
- La Super Economica Meat Market4.312.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major community hub for local athletics and events.
A rapidly developing commercial strip with numerous restaurants and retail outlets.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.