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Arnett Benson, Lubbock, TX—79415

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$104,000
2.8% YoY Growth
Household Income
$37,100
19.8% YoY Growth
Days on Market
37
32.0% Shorter YoY
Home Price Forecast
-1.2%
Median Rent
$895
8.0% YoY Growth
1-Bed Rent
$550
0.7% YoY Growth
2-Bed Rent
$895
5.1% YoY Growth
3-Bed Rent
$1,000
3.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Arnett Benson, Lubbock, TX

As of May '26, the median home price in Arnett Benson, Lubbock, TX is $104,000, with a year-over-year change of -2.8%. This indicates that home prices in Arnett Benson, Lubbock, TX are decreasing. According to Zillow, the 1-year price projection is -1.2%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$104,000-2.8%
Single Family $104,000-1.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$72,0000.0%
    3 Bed
    		$125,000-0.8%
    4 Bed
    		$296,0003.5%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    3.0%
    1 Bedroom
    17.9%
    2 Bedrooms
    31.6%
    3 Bedrooms
    36.9%
    4 Bedrooms
    10.1%
    5+ Bedrooms
    0.4%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    3.9%
    1 Bedroom
    25.4%
    2 Bedrooms
    37.3%
    3 Bedrooms
    21.4%
    4 Bedrooms
    12.1%

    Property Listings — Arnett Benson, Lubbock, TX

    As of May '26, Realtor.com reports that the median days on market for a home in Arnett Benson, Lubbock, TX is 37. This is a decrease of -32.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$194,00022.0%
    Listing Count
    		53-9.0%
    Listings as % of Homes0.3%-9.0%
    Days on Market
    		37-32.0%
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    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.

    MetricLatest CensusYoY % 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%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio3.1
    Median Home Price$104,000
    Median Household Income$37,100

    Arnett Benson, Lubbock, TX — ZIP Code Boundary Map

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    Nearby ZIP Codes

    New Deal, TX

    79350

    Lubbock

    79406

    North Overton, Lubbock, TX

    79416

    Downtown, Lubbock, TX

    79401

    Tech Terrace, Lubbock, TX

    79410

    Frequently Asked Questions