Slaton Bean, Lubbock, TX—79404
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Slaton Bean, Lubbock, TX
As of Oct '25, the median home price in Slaton Bean, Lubbock, TX is $94,000, with a year-over-year change of -4.2%. This indicates that home prices in Slaton Bean, Lubbock, TX are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $94,000 | -4.2% |
| Single Family | $94,000 | -4.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $61,000 | -9.0% |
3 Bed | $102,000 | -3.8% |
4 Bed | $220,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Slaton Bean, Lubbock, TX
As of July '25, Rentcast reports the average rent in Slaton Bean, Lubbock, TX is $1,230, with a year-over-year rent change of 32.5%. Per bedroom, the median rent as of July '25 in Slaton Bean, Lubbock, TX is studios: $5,600, 1-bedrooms: $565, 2-bedrooms: $796, 3-bedrooms: $1,320, 4-bedrooms: $1,150. The most common rental property sizes in Slaton Bean, Lubbock, TX are 2-bedroom and 3-bedroom, accounting for 41.7% and 40.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,230 |
| Studio Rent | $5,600 | $5,600 |
| 1 Bed Rent | $500 | $565 |
| 2 Bed Rent | $775 | $796 |
| 3 Bed Rent | $1,500 | $1,320 |
| 4 Bed Rent | $1,150 | $1,150 |
% of Rental Stock
Property Listings — Slaton Bean, Lubbock, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Slaton Bean, Lubbock, TX is 90. This is a increase of 20.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $136,000 | 15.0% |
Listing Count | 56 | 48.0% |
| Listings as % of Homes | 0.6% | 48.0% |
Days on Market | 90 | 20.0% |
Demographics — Slaton Bean, Lubbock, TX
As of the latest ACS Survey released in 2023, Slaton Bean, Lubbock, TX has a population of 8,690, which has decreased by -16.5% over the past 5 years. Slaton Bean, Lubbock, TX is a moderately popular place for families, as children make up 18.1% of the population. The area has a poorly educated workforce, with 12.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,690 | -16.5% |
% Under 18 | 18.1% | -32.0% |
% Seniors | 14.3% | 8.3% |
% WFH | 2.7% | 50.0% |
% w/ College Degree | 12.7% | 74.0% |
As of the latest ACS Survey released in 2023, Slaton Bean, Lubbock, TX is a predominantly hispanic area, with 55.3% of the population identifying as hispanic. The hispanic population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Slaton Bean, Lubbock, TX is black, making up 23.0% of the population. Foreign-born residents account for 4.5% of the population in Slaton Bean, Lubbock, TX, and this percentage has decreased by 23.7% 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 | 20.0% | -3.4% |
% Black | 23.0% | 0.4% |
% Hispanic | 55.3% | 1.7% |
% Asian | 0.6% | 100.0% |
% Foreign Born | 4.5% | -23.7% |
Mortgage and Risk — Slaton Bean, Lubbock, TX
According to HUD data as of 2023, there were 58 mortgage originations in Slaton Bean, Lubbock, TX, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Slaton Bean, Lubbock, TX. Investor activity is high, as 17.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 17.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Slaton Bean, Lubbock, TX
As of 2024, the percent of homes in Slaton Bean, Lubbock, TX under the Section 8 program is 3.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Slaton Bean, Lubbock, TX, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 90 |
Total Units Section 8 | 58 |
% Rentals under Section 8 | 3.8% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $500 | $840 |
| 2 Bedroom | $235 | $775 | $1,010 |
| 3 Bedroom | -$100 | $1,500 | $1,400 |
| 4 Bedroom | $500 | $1,150 | $1,650 |
Affordability — Slaton Bean, Lubbock, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $94,000 |
| Median Household Income | $48,600 |