dynamic.RE
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A tight-supply market with no rental pool to price against. Demand is visible here; the rent math is not.
What would change this read: the median listing price is −3.7% YoY. inventory, −4.0% YoY, is the number to watch.
The median listing price is down 3.7% YoY while the median home got up 0.3% bigger, so value per square foot is down 4.0%.
U.S. Census ACS characteristics for ZIP 79424 itself, not its parent county.
Renters hold 31.0% of this ZIP's 22,084 occupied households, on a median household income of $97K.
| Measure | ZIP 79424 | Lubbock County | Difference |
|---|---|---|---|
| Median Household Income | $97K | $64K | +$33K |
| Below Poverty Level | 9.1% | 17.1% | -8.0% |
| Median Age | 39.40 | 31.90 | +7.50 |
| Total Population | 53,478 | 318,884 | -- |
| Avg Household Size | 2.41 | 2.42 | -0.01 |
| Owner-Occupied | 69.0% | 55.5% | +13.5% |
| Worked From Home | 9.5% | 7.3% | +2.2% |
| Mean Commute | 18.40 | 17.10 | +1.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.4% to 318,884: residents under 18 are up 1.0% and those 65 and over are up 2.9%.
County median household income is $64K, 17.1% of residents are below the poverty level, 7.3% work from home.