North Overton, Lubbock, TX—79416
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Overton, Lubbock, TX
As of Oct '25, the median home price in North Overton, Lubbock, TX is $199,000, with a year-over-year change of -2.2%. This indicates that home prices in North Overton, Lubbock, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | -2.2% |
| Single Family | $200,000 | -1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $155,000 | -0.6% |
3 Bed | $193,000 | -1.5% |
4 Bed | $268,000 | -0.7% |
| 5 Bed | $440,000 | 1.1% |
% of Housing Stock
Rental Trends — North Overton, Lubbock, TX
As of July '25, Rentcast reports the average rent in North Overton, Lubbock, TX is $1,430, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in North Overton, Lubbock, TX is studios: $682, 1-bedrooms: $703, 2-bedrooms: $1,110, 3-bedrooms: $1,460, 4-bedrooms: $2,000. The most common rental property sizes in North Overton, Lubbock, TX are 3-bedroom and 2-bedroom, accounting for 40.6% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,430 |
| Studio Rent | $595 | $682 |
| 1 Bed Rent | $675 | $703 |
| 2 Bed Rent | $1,100 | $1,110 |
| 3 Bed Rent | $1,420 | $1,460 |
| 4 Bed Rent | $1,900 | $2,000 |
% of Rental Stock
Property Listings — North Overton, Lubbock, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in North Overton, Lubbock, TX is 52. This is a decrease of -24.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $228,000 | -6.0% |
Listing Count | 234 | 2.0% |
| Listings as % of Homes | 0.9% | 2.0% |
Days on Market | 52 | -24.0% |
Demographics — North Overton, Lubbock, TX
As of the latest ACS Survey released in 2023, North Overton, Lubbock, TX has a population of 36,500, which has increased by 7.9% over the past 5 years. North Overton, Lubbock, TX is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 38.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,500 | 7.9% |
% Under 18 | 22.7% | 1.8% |
% Seniors | 11.2% | -4.3% |
% WFH | 6.8% | 142.9% |
% w/ College Degree | 38.6% | 18.8% |
As of the latest ACS Survey released in 2023, North Overton, Lubbock, TX is a predominantly white area, with 49.3% of the population identifying as white. The white population has shrunk by 12.4% in the last 5 years. The second most common race or ethnicity in North Overton, Lubbock, TX is hispanic, making up 35.3% of the population. Foreign-born residents account for 7.5% of the population in North Overton, Lubbock, TX, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 49.3% | -12.4% |
% Black | 9.4% | 44.6% |
% Hispanic | 35.3% | 12.1% |
% Asian | 3.2% | -8.6% |
% Foreign Born | 7.5% | 0.0% |
Mortgage and Risk — North Overton, Lubbock, TX
According to HUD data as of 2023, there were 463 mortgage originations in North Overton, Lubbock, TX, of which 62.0% of loans were conventional mortgages. The average loan-to-value was 83.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in North Overton, Lubbock, TX. Investor activity is low, as 9.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 463 |
% Conventional Loans | 62.0% |
% Government Loans | 38.0% |
% Investor Loans | 9.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — North Overton, Lubbock, TX
As of 2024, the percent of homes in North Overton, Lubbock, TX under the Section 8 program is 4.0%. 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 North Overton, 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 | 286 |
Total Units Section 8 | 286 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 86.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $435 | $675 | $1,110 |
| 2 Bedroom | $220 | $1,100 | $1,320 |
| 3 Bedroom | $420 | $1,420 | $1,840 |
| 4 Bedroom | $260 | $1,900 | $2,160 |
Affordability — North Overton, Lubbock, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $199,000 |
| Median Household Income | $65,200 |