Cooper, Lubbock, TX—79423
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cooper, Lubbock, TX
As of Oct '25, the median home price in Cooper, Lubbock, TX is $229,000, with a year-over-year change of -1.7%. This indicates that home prices in Cooper, Lubbock, TX are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $229,000 | -1.7% |
| Single Family | $230,000 | -0.9% |
| 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 | -2.5% |
3 Bed | $204,000 | -1.4% |
4 Bed | $385,000 | 1.9% |
| 5 Bed | $562,000 | 2.0% |
% of Housing Stock
Rental Trends — Cooper, Lubbock, TX
As of July '25, Rentcast reports the average rent in Cooper, Lubbock, TX is $1,580, with a year-over-year rent change of 4.6%. Per bedroom, the median rent as of July '25 in Cooper, Lubbock, TX is 1-bedrooms: $788, 2-bedrooms: $1,090, 3-bedrooms: $1,560, 4-bedrooms: $2,520. The most common rental property sizes in Cooper, Lubbock, TX are 3-bedroom and 2-bedroom, accounting for 48.3% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,580 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $788 |
| 2 Bed Rent | $1,050 | $1,090 |
| 3 Bed Rent | $1,500 | $1,560 |
| 4 Bed Rent | $2,490 | $2,520 |
% of Rental Stock
Property Listings — Cooper, Lubbock, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Cooper, Lubbock, TX is 59. This is a decrease of -18.0% 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 | $321,000 | 9.0% |
Listing Count | 354 | -10.0% |
| Listings as % of Homes | 0.9% | -10.0% |
Days on Market | 59 | -18.0% |
Demographics — Cooper, Lubbock, TX
As of the latest ACS Survey released in 2023, Cooper, Lubbock, TX has a population of 44,400, which has increased by 15.1% over the past 5 years. Cooper, Lubbock, TX is a popular place for families, as children make up 27.0% of the population. The area has a moderately educated workforce, with 37.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,400 | 15.1% |
% Under 18 | 27.0% | -1.5% |
% Seniors | 12.7% | 4.1% |
% WFH | 6.2% | 44.2% |
% w/ College Degree | 37.5% | 3.3% |
As of the latest ACS Survey released in 2023, Cooper, Lubbock, TX is a predominantly white area, with 60.7% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Cooper, Lubbock, TX is hispanic, making up 30.8% of the population. Foreign-born residents account for 5.5% of the population in Cooper, Lubbock, TX, and this percentage has increased by 12.2% 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 | 60.7% | -1.6% |
% Black | 4.4% | 7.3% |
% Hispanic | 30.8% | -1.3% |
% Asian | 2.4% | 84.6% |
% Foreign Born | 5.5% | 12.2% |
Mortgage and Risk — Cooper, Lubbock, TX
According to HUD data as of 2023, there were 1135 mortgage originations in Cooper, Lubbock, TX, of which 65.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 46.0% above 90% LTV (very high). This implies large mortgage risk in Cooper, Lubbock, TX. Investor activity is low, as 6.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,135 |
% Conventional Loans | 65.0% |
% Government Loans | 35.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Cooper, Lubbock, TX
As of 2024, the percent of homes in Cooper, Lubbock, TX under the Section 8 program is 2.9%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Cooper, Lubbock, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 141 |
Total Units Section 8 | 141 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $330 | $750 | $1,080 |
| 2 Bedroom | $230 | $1,050 | $1,280 |
| 3 Bedroom | $280 | $1,500 | $1,780 |
| 4 Bedroom | -$400 | $2,490 | $2,090 |
Affordability — Cooper, Lubbock, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $229,000 |
| Median Household Income | $82,900 |