Lubbock, TX 79407 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demographics
Economy
Lubbock, TX — 79407
Market Hotness
44
Hotness Rank
#7,634
Hotness Score
44
Supply Score
59
Demand Score
29
DOM vs US
-7.0%
Faster
Price vs US
61%
Below avg
Median Listing Price
$264K
Population
24,000
Households
139,344
Median Days on Market
46
Active Listings
143
New Listings
44
Housing Market
Pricing
Median Listing Price
$264K
-4.1% YoY
Average Listing Price
$388K
-2.5% YoY
Price per Sq Ft
$151
+2.1% YoY
Median Sq Ft
1,922
+1.9% YoY
Inventory
Active Listings
143
+1.8% YoY
New Listings
44
-24.1% YoY
Total Listings
236
+21.6% YoY
Buyer Competition
Pending Listings
95
+74.3% YoY
Pending Ratio
0.67
+27.7% YoY
Median Days on Market
46
+5.8% YoY
Price Reduced
15.4%
-9.7% YoY
Units & Occupancy
2024 Occupancy
139K
units
Occupied
126,225
90.6%
Vacant
13,119
9.4%
2024 Tenure
126K
occupied
Owner
70,060
55.5%
Renter
56,165
44.5%
Renter Share
44.5%
-0.5% YoY
Total Housing Units
139,344
+2.1% YoY
FY2026 Fair Market Rent — Lubbock County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$818
/month
1 BR
$990
/month
2 BR
$1,175
/month
3 BR
$1,634
/month
4 BR
$1,940
/month
FMR Trends — Lubbock County
Source: HUD Fair Market Rents
Demographics
Median Age
31.9
2024
Population
ZIP Population
24,000
+6.8% YoY
Lubbock County Population
327,394
+1.5% YoY
Households
Total Households
126,225
+1.8% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.42
-0.4% YoY
Age
2024 Age Mix
319K
residents
Under 18
74,972
23.5%
Adults 18–64
201,598
63.2%
65 & Over
42,314
13.3%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & Over
Population Under 18
74,972
+1.0% YoY
Population 65 & Over
42,314
+2.9% YoY
Median Age
31.90
+0.6% YoY
Mobility & Veterans
2024 Residential Mobility
of residents
Same house
79.4%
Moved (within US)
20.0%
Other
0.6%
Veterans
5.0%
-5.7% YoY
Economy
Income
Median Household Income
$64K
+1.2% YoY
Per-Capita Income
$36K
+1.8% YoY
Mean Household Income
$90K
+1.0% YoY
Poverty
Below Poverty Level
17.1%
-0.6% YoY
Transportation to Work
2024 Commute Mode
of workers
Drove alone
77.8%
Public transit
0.6%
Worked from home
7.3%
Other
14.3%
Worked From Home
7.3%
+9.0% YoY
Mean Commute
17.10
+1.2% YoY
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