Dunbar, Lubbock, TX—79403
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Dunbar, Lubbock, TX
As of Oct '25, the median home price in Dunbar, Lubbock, TX is $92,000, with a year-over-year change of -9.4%. This indicates that home prices in Dunbar, Lubbock, TX are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $92,000 | -9.4% |
| Single Family | $92,000 | -8.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $56,000 | -9.7% |
3 Bed | $98,000 | -8.4% |
4 Bed | $225,000 | -0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Dunbar, Lubbock, TX
As of July '25, Rentcast reports the average rent in Dunbar, Lubbock, TX is $1,200, with a year-over-year rent change of 5.3%. Per bedroom, the median rent as of July '25 in Dunbar, Lubbock, TX is 1-bedrooms: $1,040, 2-bedrooms: $850, 3-bedrooms: $1,210, 4-bedrooms: $1,190. The most common rental property sizes in Dunbar, Lubbock, TX are 3-bedroom and 2-bedroom, accounting for 43.6% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,180 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $550 | $1,040 |
| 2 Bed Rent | $850 | $850 |
| 3 Bed Rent | $1,200 | $1,210 |
| 4 Bed Rent | $995 | $1,190 |
% of Rental Stock
Property Listings — Dunbar, Lubbock, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Dunbar, Lubbock, TX is 85. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $126,000 | 0.0% |
Listing Count | 81 | 21.0% |
| Listings as % of Homes | 0.5% | 21.0% |
Days on Market | 85 | 4.0% |
Demographics — Dunbar, Lubbock, TX
As of the latest ACS Survey released in 2023, Dunbar, Lubbock, TX has a population of 15,900, which has decreased by -12.2% over the past 5 years. Dunbar, Lubbock, TX is a popular place for families, as children make up 27.4% of the population. The area has a poorly educated workforce, with 10.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,900 | -12.2% |
% Under 18 | 27.4% | -7.7% |
% Seniors | 18.1% | 38.2% |
% WFH | 3.7% | 76.2% |
% w/ College Degree | 10.7% | 52.9% |
As of the latest ACS Survey released in 2023, Dunbar, Lubbock, TX is a predominantly hispanic area, with 49.0% of the population identifying as hispanic. The hispanic population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Dunbar, Lubbock, TX is white, making up 26.1% of the population. Foreign-born residents account for 3.5% of the population in Dunbar, Lubbock, TX, and this percentage has decreased by 14.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.1% | 16.5% |
% Black | 23.6% | -18.1% |
% Hispanic | 49.0% | 2.5% |
% Asian | 0.8% | 300.0% |
% Foreign Born | 3.5% | -14.6% |
Mortgage and Risk — Dunbar, Lubbock, TX
According to HUD data as of 2023, there were 99 mortgage originations in Dunbar, Lubbock, TX, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Dunbar, Lubbock, TX. Investor activity is high, as 25.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 99 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 25.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Dunbar, Lubbock, TX
As of 2024, the percent of homes in Dunbar, Lubbock, TX under the Section 8 program is 16.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Dunbar, Lubbock, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 425 |
Total Units Section 8 | 359 |
% Rentals under Section 8 | 16.2% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $550 | $870 |
| 2 Bedroom | $180 | $850 | $1,030 |
| 3 Bedroom | $230 | $1,200 | $1,430 |
| 4 Bedroom | $685 | $995 | $1,680 |
Affordability — Dunbar, Lubbock, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $92,000 |
| Median Household Income | $45,300 |