Arnett Benson, Lubbock, TX—79415
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Arnett Benson, Lubbock, TX
As of Oct '25, the median home price in Arnett Benson, Lubbock, TX is $95,000, with a year-over-year change of -5.5%. This indicates that home prices in Arnett Benson, Lubbock, TX are decreasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $95,000 | -5.6% |
| Single Family | $95,000 | -5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $65,000 | -7.1% |
3 Bed | $115,000 | -5.0% |
4 Bed | $284,000 | 0.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Arnett Benson, Lubbock, TX
As of July '25, Rentcast reports the average rent in Arnett Benson, Lubbock, TX is $919, with a year-over-year rent change of -8.0%. Per bedroom, the median rent as of July '25 in Arnett Benson, Lubbock, TX is studios: $679, 1-bedrooms: $598, 2-bedrooms: $909, 3-bedrooms: $1,220, 4-bedrooms: $985. The most common rental property sizes in Arnett Benson, Lubbock, TX are 2-bedroom and 1-bedroom, accounting for 37.3% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $895 | $919 |
| Studio Rent | $679 | $679 |
| 1 Bed Rent | $550 | $598 |
| 2 Bed Rent | $895 | $909 |
| 3 Bed Rent | $1,000 | $1,220 |
| 4 Bed Rent | $985 | $985 |
% of Rental Stock
Property Listings — Arnett Benson, Lubbock, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Arnett Benson, Lubbock, TX is 56. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $115,000 | -13.0% |
Listing Count | 45 | -18.0% |
| Listings as % of Homes | 0.3% | -18.0% |
Days on Market | 56 | -8.0% |
Demographics — Arnett Benson, Lubbock, TX
As of the latest ACS Survey released in 2023, Arnett Benson, Lubbock, TX has a population of 16,800, which has decreased by -2.8% over the past 5 years. Arnett Benson, Lubbock, TX is a moderately popular place for families, as children make up 24.9% of the population. The area has a moderately educated workforce, with 25.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,800 | -2.8% |
% Under 18 | 24.9% | 6.0% |
% Seniors | 12.5% | 31.6% |
% WFH | 6.4% | 966.7% |
% w/ College Degree | 25.5% | 67.8% |
As of the latest ACS Survey released in 2023, Arnett Benson, Lubbock, TX is a predominantly hispanic area, with 59.0% of the population identifying as hispanic. The hispanic population has grown by 2.3% in the last 5 years. The second most common race or ethnicity in Arnett Benson, Lubbock, TX is white, making up 25.9% of the population. Foreign-born residents account for 15.3% of the population in Arnett Benson, Lubbock, TX, and this percentage has increased by 41.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 25.9% | -3.4% |
% Black | 8.5% | -6.6% |
% Hispanic | 59.0% | 2.3% |
% Asian | 4.8% | -15.8% |
% Foreign Born | 15.3% | 41.7% |
Mortgage and Risk — Arnett Benson, Lubbock, TX
According to HUD data as of 2023, there were 86 mortgage originations in Arnett Benson, Lubbock, TX, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Arnett Benson, Lubbock, TX. Investor activity is high, as 21.0% 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 | 86 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 21.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Arnett Benson, Lubbock, TX
As of 2024, the percent of homes in Arnett Benson, Lubbock, TX under the Section 8 program is 9.0%. 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. In Arnett Benson, 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 | 382 |
Total Units Section 8 | 382 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 83.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $550 | $930 |
| 2 Bedroom | $205 | $895 | $1,100 |
| 3 Bedroom | $530 | $1,000 | $1,530 |
| 4 Bedroom | $815 | $985 | $1,800 |
Affordability — Arnett Benson, Lubbock, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $95,000 |
| Median Household Income | $37,100 |