Housing market/Texas/ZIP 79401
ZIP 79401 Lubbock, Texas
Lubbock, TX HUD Metro FMR Area · Texas. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 79401 · TX — sent to you.
ZIP 79401 · TX
ACS rent vs 2BR SAFMR
ZIP 79401 — Lubbock, TX HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 79401
- 1-unit detached1,26826.3%
- 1-unit attached2465.1%
- 2–4 units52510.9%
- 5–49 units1,46130.4%
- 50+ units1,28026.6%
- Mobile330.7%
2–4 unit share 10.9% · 5–49 unit share 30.4% · combined 2–49 41.3%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,048 (all bedrooms, occupied rentals).
- Median contract rent $929.
- Renters paying ≥30% of income 59.2%; ≥50% 36.3%.
- FY2027 2BR SAFMR $1,160 (1.107× ACS median gross rent).
Population
8,641 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +4.2%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 2 projects, 217 units.
- HUD project-based assisted MF: not published for this ZIP.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 789 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 79401 88.5% of occupied households are renters; vacancy is 20.6%; ACS median gross rent is $1,048; population increased +4.2% between the 2018 and 2023 ACS vintages; the housing stock includes 525 units in 2–4-unit structures and 1,461 units in 5–49-unit structures; 2 LIHTC projects totaling 217 units; FY2027 2BR SAFMR is $1,160 versus ACS median gross rent of $1,048. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Texas research
ZIP 79401 is a Census / HUD profile for Lubbock, TX. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 79401 — Lubbock, TX HUD Section 8 Payment Standards / SAFMR·Texas ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Texas research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 79401?
ZIP 79401 (Lubbock, TX HUD Metro FMR Area) has 8,641 residents, 3,822 households, a renter share of 88.5%, median household income of $27,255, and ACS 2023 median gross rent of $1,048. Vacancy is 20.6%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 79401?
ACS counts 279 units in 2-unit buildings, 246 in 3–4 unit buildings, 180 in 5–9, 589 in 10–19, and 692 in 20–49. Combined 2–49 unit stock is 1,986 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 79401?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,160. See the full schedule and 90–110% payment-standard band on the ZIP 79401 — Lubbock, TX HUD Section 8 Payment Standards / SAFMR.
Does this Texas ZIP profile include Georgia listings?
No. ZIP 79401 is Census / HUD research for Lubbock, TX HUD Metro FMR Area. Jeff Crowe CRE does not list Texas property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.