Heart of Lubbock, Lubbock, TX—79411
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Heart of Lubbock, Lubbock, TX
As of Oct '25, the median home price in Heart of Lubbock, Lubbock, TX is $95,000, with a year-over-year change of -8.6%. This indicates that home prices in Heart of Lubbock, Lubbock, TX are decreasing. According to Zillow, the 1-year price projection is -2.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $95,000 | -8.6% |
| Single Family | $95,000 | -8.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $82,000 | -7.9% |
3 Bed | $108,000 | -9.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Heart of Lubbock, Lubbock, TX
As of July '25, Rentcast reports the average rent in Heart of Lubbock, Lubbock, TX is $1,040, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Heart of Lubbock, Lubbock, TX is studios: $524, 1-bedrooms: $677, 2-bedrooms: $940, 3-bedrooms: $1,270, 4-bedrooms: $1,720. The most common rental property sizes in Heart of Lubbock, Lubbock, TX are 2-bedroom and 1-bedroom, accounting for 37.1% and 29.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $975 | $1,040 |
| Studio Rent | $499 | $524 |
| 1 Bed Rent | $650 | $677 |
| 2 Bed Rent | $925 | $940 |
| 3 Bed Rent | $1,300 | $1,270 |
| 4 Bed Rent | $1,600 | $1,720 |
% of Rental Stock
Property Listings — Heart of Lubbock, Lubbock, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Heart of Lubbock, Lubbock, TX is 68. 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 31.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $150,000 | 10.0% |
Listing Count | 71 | 9.0% |
| Listings as % of Homes | 0.7% | 9.0% |
Days on Market | 68 | -18.0% |
Demographics — Heart of Lubbock, Lubbock, TX
As of the latest ACS Survey released in 2023, Heart of Lubbock, Lubbock, TX has a population of 6,380, which has decreased by -15.7% over the past 5 years. Heart of Lubbock, Lubbock, TX is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 21.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,380 | -15.7% |
% Under 18 | 19.4% | 12.8% |
% Seniors | 9.0% | 7.1% |
% WFH | 3.4% | 17.2% |
% w/ College Degree | 21.7% | 12.4% |
As of the latest ACS Survey released in 2023, Heart of Lubbock, Lubbock, TX is a predominantly hispanic area, with 49.9% of the population identifying as hispanic. The hispanic population has shrunk by 10.6% in the last 5 years. The second most common race or ethnicity in Heart of Lubbock, Lubbock, TX is white, making up 39.4% of the population. Foreign-born residents account for 8.5% of the population in Heart of Lubbock, Lubbock, TX, and this percentage has decreased by 21.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 39.4% | 7.7% |
% Black | 9.9% | 73.7% |
% Hispanic | 49.9% | -10.6% |
% Asian | 0.2% | -71.4% |
% Foreign Born | 8.5% | -21.3% |
Mortgage and Risk — Heart of Lubbock, Lubbock, TX
According to HUD data as of 2023, there were 53 mortgage originations in Heart of Lubbock, Lubbock, TX, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 86.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Heart of Lubbock, Lubbock, TX. Investor activity is high, as 43.0% 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 | 53 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 43.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Heart of Lubbock, Lubbock, TX
As of 2024, the percent of homes in Heart of Lubbock, Lubbock, TX under the Section 8 program is 2.7%. 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 Heart of Lubbock, 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 | 42 |
Total Units Section 8 | 42 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $650 | $880 |
| 2 Bedroom | $115 | $925 | $1,040 |
| 3 Bedroom | $150 | $1,300 | $1,450 |
| 4 Bedroom | $100 | $1,600 | $1,700 |
Affordability — Heart of Lubbock, Lubbock, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $95,000 |
| Median Household Income | $44,900 |