Lubbock Cooper South, Lubbock, TX—79424
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lubbock Cooper South, Lubbock, TX
As of Oct '25, the median home price in Lubbock Cooper South, Lubbock, TX is $290,000, with a year-over-year change of -0.5%. This indicates that home prices in Lubbock Cooper South, Lubbock, TX are flat. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | -0.5% |
| Single Family | $291,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $189,000 | -2.1% |
3 Bed | $247,000 | -0.4% |
4 Bed | $387,000 | 1.0% |
| 5 Bed | $684,000 | 1.3% |
% of Housing Stock
Rental Trends — Lubbock Cooper South, Lubbock, TX
As of July '25, Rentcast reports the average rent in Lubbock Cooper South, Lubbock, TX is $1,780, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Lubbock Cooper South, Lubbock, TX is 1-bedrooms: $965, 2-bedrooms: $1,260, 3-bedrooms: $1,700, 4-bedrooms: $2,500. The most common rental property sizes in Lubbock Cooper South, Lubbock, TX are 1-bedroom and 2-bedroom, accounting for 36.9% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,680 | $1,780 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $965 |
| 2 Bed Rent | $1,200 | $1,260 |
| 3 Bed Rent | $1,650 | $1,700 |
| 4 Bed Rent | $2,350 | $2,500 |
% of Rental Stock
Property Listings — Lubbock Cooper South, Lubbock, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Lubbock Cooper South, Lubbock, TX is 46. This is a decrease of -21.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $395,000 | 14.0% |
Listing Count | 391 | -11.0% |
| Listings as % of Homes | 1.4% | -11.0% |
Days on Market | 46 | -21.0% |
Demographics — Lubbock Cooper South, Lubbock, TX
As of the latest ACS Survey released in 2023, Lubbock Cooper South, Lubbock, TX has a population of 52,300, which has increased by 13.3% over the past 5 years. Lubbock Cooper South, Lubbock, TX is a moderately popular place for families, as children make up 24.7% of the population. The area has a highly educated workforce, with 46.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 52,300 | 13.3% |
% Under 18 | 24.7% | -1.2% |
% Seniors | 17.0% | 18.1% |
% WFH | 8.5% | 77.1% |
% w/ College Degree | 46.5% | 2.6% |
As of the latest ACS Survey released in 2023, Lubbock Cooper South, Lubbock, TX is a predominantly white area, with 71.3% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Lubbock Cooper South, Lubbock, TX is hispanic, making up 21.0% of the population. Foreign-born residents account for 6.4% of the population in Lubbock Cooper South, Lubbock, TX, and this percentage has increased by 18.5% 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 | 71.3% | -5.2% |
% Black | 2.1% | -8.7% |
% Hispanic | 21.0% | 16.0% |
% Asian | 3.3% | 17.9% |
% Foreign Born | 6.4% | 18.5% |
Mortgage and Risk — Lubbock Cooper South, Lubbock, TX
According to HUD data as of 2023, there were 679 mortgage originations in Lubbock Cooper South, Lubbock, TX, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 77.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Lubbock Cooper South, Lubbock, TX. Investor activity is low, as 5.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 679 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Lubbock Cooper South, Lubbock, TX
As of 2024, the percent of homes in Lubbock Cooper South, Lubbock, TX under the Section 8 program is 1.6%. 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 units appear to be good home sizes to consider for Section 8 housing in Lubbock Cooper South, Lubbock, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 120 |
Total Units Section 8 | 120 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $5 | $995 | $1,000 |
| 2 Bedroom | -$20 | $1,200 | $1,180 |
| 3 Bedroom | -$10 | $1,650 | $1,640 |
| 4 Bedroom | -$420 | $2,350 | $1,930 |
Affordability — Lubbock Cooper South, Lubbock, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $290,000 |
| Median Household Income | $94,700 |