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Lubbock, TX 79407 Multi-family Properties For Sale
The median home value in Lubbock, TX 79407 is $209,200. This is higher than the county median home value of $192,500. The national median home value is $338,100. The average price of homes sold in Lubbock, TX 79407 is $209,200. Approximately 39.78% of Lubbock, TX 79407 homes are owned, compared to 48.64% rented, while 11.58% are vacant. Lubbock, TX 79407 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Lubbock, TX 79407 real estate agent to arrange a tour today!
Learn More About Lubbock, TX 79407 Real EstateStatistics & facts
21,028
Population
$209K
Medium Home Value
9,340
# of Households
11.58%
Housing Vacancy
43.32%
Future Job Growth
3.00%
Unemployment Rate
For Sale
$2,411,640
3
bd
2
ba
1,598
sqft
5881 Urbana Place
Lubbock, TX 79407
Listing Courtesy of: Jennifer McCormick - West Texas Roots Realty 432-955-4897
For Sale
$180,000
4
bd
2
ba
1,776
sqft
5533 34th Street
Lubbock, TX 79407
Listing Courtesy of: Houston Garrett - Keller Williams Realty 806-771-7710
For Sale
$625,000
9
bd
6
ba
4,653
sqft
5861, 5863, 5865 Virginia Avenue
Lubbock, TX 79407
Listing Courtesy of: Liz Karr - Aycock Realty Group, LLC 806-778-5956
For Sale
$354,000
6
bd
4
ba
3,086
sqft
2407 Quitman Avenue
Lubbock, TX 79407
Listing Courtesy of: Houston Garrett - Keller Williams Realty 806-771-7710
For Sale
$870,000
15
bd
12
ba
11,062
sqft
6306 Package Property Place Unit 6308
Lubbock, TX 79407
Listing Courtesy of: Dan Williams - Williams & Company Real Estate 806-860-6945
For Sale
$7,500,000
7120 Package Property Street
Lubbock, TX 79407
Listing Courtesy of: Chuck Dannheim - Dannheim Realty 806-787-9034
Information provided herein originates from the Lubbock Association of Realtors®, Inc., Multiple Listing Service, and is compiled from miscellaneous sources. Neither the Lubbock Association of Realtors®, Inc., nor the listing broker, nor its agents, or subagents, are responsible for the accuracy of the information. Under no circumstances should the Multiple Listing Service information contained herein be relied upon by any person in making a decision to purchase any of the described properties. MLS users should verify all information by their own independent investigation and, in particular, verify, if important to them, room sizes, the square footage, lot size, property boundaries, age of structures, school district, flood insurance, zoning, restrictions and easements, fixtures or personal property excluded, and availability of water and sewer prior to submitting an offer to purchase the property. Information is deemed reliable, but not guaranteed. Square footage may be from the Lubbock Central Appraisal district and is not guaranteed. Copyright 2025 Lubbock Association of Realtors®, Inc., Multiple Listing Service. All rights reserved.
Population
Lubbock, TX 79407 has a population of approximately 21,028 and experiences a population change rate of 21.82%. The population density is 297.2 / sq mi.
Household
The median household income for Lubbock, TX 79407 is $53,963, with 9,340 households and an average household size of 2.21.
Cost of Living
The cost of living index in Lubbock, TX 79407 is 83.1%.
Home Value
The median value of a home in Lubbock, TX 79407 is $209,200 with an appreciation rate of 15.9%. 39.8% of housing in the zip code is owned while 48.6% is rented.
Employment
The unemployment rate in Lubbock, TX 79407 is 3.00%, and recent job growth is at 1.67%. Future job growth is projected at 43.32%.
Taxes
The sales tax rate in Lubbock, TX 79407 is 8.25%, while the income tax rate is 0.00%.
Education
School expenditures in Lubbock, TX 79407 are $12,453, and the school ratio is 14.1:1.
Weather
The average high temperature in July is 91.7 degrees, with an average low temperature in January of 25 degrees. The average rainfall is approximately 20.2 inches per year, with 7.9 inches of snow per year.
Education near Lubbock TX, 79407
| Metric | City | County |
|---|---|---|
| High School Graduates | 88.21 | 87.87 |
| College Degree - 2 year | 6.97 | 7.13 |
| College Degree - 4 year | 33.86 | 32.13 |
| Graduate Degree | 8.49 | 8.03 |
| Expenditures per Student | $12,453 | $12,453 |
| Students per Teacher | 14.10 | 14.10 |
Elementary Schools near Lubbock TX , 79407
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Bennett Elementary School | PK - 05 | 821 | 16.4 | 79382 |
| Bowie Elementary School | PK - 05 | 250 | 15.3 | 79407 |
| Centennial Elementary School | PK - 05 | 744 | 16.9 | 79416 |
| Hardwick Elementary School | PK - 05 | 438 | 14.9 | 79416 |
| North Ridge Elementary School | PK - 05 | 704 | 16.6 | 79416 |
| Rush Elementary School | PK - 05 | 416 | 14.9 | 79416 |
| Wester Elementary School | PK - 05 | 498 | 15.1 | 79414 |
| Westwind Elementary School | PK - 05 | 698 | 17.7 | 79407 |
| Williams Elementary School | KG - 05 | 393 | 14.6 | 79414 |
| Willow Bend Elementary School | PK - 05 | 620 | 14.6 | 79416 |
Middle Schools near Lubbock TX , 79407
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Frenship Middle School | 06 - 09 | 626 | 13.3 | 79382 |
| MacKenzie Middle School | 06 - 08 | 686 | 15.1 | 79416 |
| Terra Vista Middle School | 06 - 08 | 565 | 12.4 | 79416 |
High Schools near Lubbock TX , 79407
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Frenship High School | 09 - 12 | 2272 | 15.6 | 79382 |
| Smyer High School | 07 - 12 | 183 | 9.5 | 79367 |
Ungraded Schools near Lubbock TX , 79407
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| * Premier H S of Lubbock | 09 - 12 | 130 | 26 | 79407 |
| Reese Educational Center | 06 - 12 | 87 | 6.2 | 79416 |
Top 14 Zip Codes for real estate in Lubbock
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- 79406 Multi-family Properties For Sale
