The story of this market
The typical home in ZIP 79424 sells for about $352,500, or $158 per square foot.
Prices are up +5.3% from a year ago, so sellers still have some momentum. Homes take about 69 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,218 a month.
ZIP 79424 — Lubbock
The 79424 housing market is experiencing steady growth, characterized by a 5.3% year-over-year increase in median sale prices. High demand for suburban housing, coupled with a relatively low inventory of 446 active listings, continues to drive competitive conditions for buyers. The market remains stable with a healthy sale-to-list ratio, reflecting strong buyer confidence in the area's long-term value.
This ZIP is ideal for family buyers and professionals seeking suburban comfort, modern housing stock, and proximity to quality schools and recreational amenities.
Median prices moved up 5.3% year over year.
Homes spend a median of 69 days on market with 2.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 9.1% — 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 5.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 79424, Lubbock County TX
The area is characterized by upscale neighborhoods and is served by highly regarded educational institutions within the Lubbock school system.
The region is subject to severe weather risks, including wind and tornado exposure, which influences local property insurance premiums.
The area exhibits strong suburban growth with a focus on residential development and modern amenities, supported by the broader Lubbock economy.
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 numerous parks, golf courses, and recreational facilities, with convenient access to local shopping and dining districts.
The rental market shows solid demand with a variety of options, though specific vacancy pressure and short-term rental saturation data are not publicly detailed.
The local economy is anchored by education, healthcare, and agriculture, with significant employment provided by Texas Tech University and regional medical centers.
Transportation is primarily highway-based, with a network of arterial roads providing access throughout the city and county.
Ongoing residential expansion continues in the southern and western portions of the ZIP code.
The Lubbock Central Appraisal District manages property assessments for all taxing entities within the county.
Parcels are subject to taxes from the Lubbock Independent School District, Lubbock County, and the City of Lubbock.
Property insurance premiums are influenced by regional hazard exposure, particularly wind and hail risks common to the Texas Panhandle.
Data retrieved from Census Reporter and US Census Bureau ZCTA profiles.
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 / Arcave4.54.7 mi
- Adventure Park4.16.4 mi
- MaxxAir Trampoline Park4.25.5 mi
- Chuck E. Cheese3.94.7 mi
- Water Rampage3.65.1 mi
- United Supermarkets Arena4.77.6 mi
- Galaxy Stadium4.78.5 mi
- Lubbock Memorial Civic Center4.78.9 mi
- Golden Corral Buffet & Grill44 mi
- Science Spectrum & OMNI Theater4.64.5 mi
- Cinemark Tinseltown Lubbock and XD4.54.1 mi
- Lubbock Premiere LUX 16 IMAX and Pizza Pub4.44.5 mi
- Main Event Lubbock4.25.4 mi
- Science Spectrum & OMNI Theater4.64.5 mi
- Blazing Bouncers / Arcave4.54.7 mi
- Science Spectrum & OMNI Theater4.64.5 mi
- Museum at Texas Tech University4.78.2 mi
- National Ranching Heritage Center4.88.3 mi
- Buddy Holly Center4.68.5 mi
- American Windmill Museum4.89.3 mi
- Prairie Dog Town4.610 mi
- Buffalo Springs Lake412.3 mi
- Mackenzie Main City Park4.59.6 mi
- Mae Simmons Park4.59.1 mi
- Maxey Park4.56.6 mi
- Meadowbrook Golf Club3.610.1 mi
- The Rawls Course4.68.6 mi
- Shadow Hills Golf Course4.28.4 mi
- Hillcrest Golf & Country Club4.511.6 mi
- Reese Golf Center3.89.6 mi
- South Plains Mall4.24.4 mi
- T.J. Maxx4.33.8 mi
- Marshalls & HomeGoods4.46.4 mi
- Burlington4.15.3 mi
- La Super Economica Meat Market4.39.3 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Numerous community parks and green spaces serving the residential area.
Several golf facilities are located within or adjacent to the ZIP code.
Concentrated shopping and dining options along major arterial roads.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 78.1% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: confirmed genuine market swing — the flagged $352,500 was independently re-read and corroborated by 2 source(s); it stands as the new anchor baseline.