JeffCroweCRE

Housing market/Texas/ZIP 79415

ACS 2023 · FY2027 SAFMR

ZIP 79415 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.

Population
16,765
Households
6,525
Median HH income
$37,101
Renter share
60.9%
Median gross rent
$956
Vacancy
9.7%
Pop. change
-2.8%
2BR SAFMR
$1,060
SAFMR / rent
1.109×
2–49 unit stock
2,573
LIHTC proj / units
3 / 536
HUD assisted MF
1 / 70

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 79415 · TX — sent to you.

ZIP 79415 · TX

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ACS rent vs 2BR SAFMR

ZIP 79415 — Lubbock, TX HUD Section 8 Payment Standards / SAFMR →
ACS median rent$956
2BR SAFMR$1,060
90% floor$954
110% ceiling$1,166

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 79415

  • 1-unit detached3,28645.7%
  • 1-unit attached1672.3%
  • 2–4 units4986.9%
  • 5–49 units2,07528.9%
  • 50+ units5327.4%
  • Mobile6278.7%
TypeUnitsShare
1-unit detached3,28645.5%
1-unit attached1672.3%
2 units (duplex)2002.8%
3–4 units2984.1%
5–9 units83411.5%
10–19 units4946.8%
20–49 units74710.3%
50+ units5327.4%
Mobile6278.7%

2–4 unit share 6.9% · 5–49 unit share 28.7% · combined 2–49 35.6%.

Units by bedrooms

Studio
216
1BR
1,296
2BR
2,286
3BR
2,665
4BR
733
5+
29

Rent burden

Rent ≥30% of income50.7%
Rent ≥50% of income30.9%
  • ACS median gross rent $956 (all bedrooms, occupied rentals).
  • Median contract rent $783.
  • Renters paying ≥30% of income 50.7%; ≥50% 30.9%.
  • FY2027 2BR SAFMR $1,060 (1.109× ACS median gross rent).

Population

16,765 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -2.8%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 3 projects, 536 units.
  • HUD project-based assisted MF: 1 properties, 70 assisted units.
  • 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 79415 60.9% of occupied households are renters; vacancy is 9.7%; ACS median gross rent is $956; population changed -2.8% between the 2018 and 2023 ACS vintages; the housing stock includes 498 units in 2–4-unit structures and 2,075 units in 5–49-unit structures; 3 LIHTC projects totaling 536 units; FY2027 2BR SAFMR is $1,060 versus ACS median gross rent of $956. 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 79415 is a Census / HUD profile for Lubbock, TX. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 79415 — Lubbock, TX HUD Section 8 Payment Standards / SAFMR·Texas ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
79322Lubbock, TX HUD Metro FMR Area39.3%$512$1,06079329Lubbock, TX HUD Metro FMR Area23.3%$682$1,06079343Lubbock, TX HUD Metro FMR Area18.4%$928$1,06079350Lubbock, TX HUD Metro FMR Area2.3%—$1,06079357Lubbock, TX HUD Metro FMR Area23.9%$773$1,06079366Lubbock, TX HUD Metro FMR Area1.5%—$1,18079401Lubbock, TX HUD Metro FMR Area88.5%$1,048$1,16079402Lubbock, TX HUD Metro FMR Area——$1,24079403Lubbock, TX HUD Metro FMR Area39.1%$946$1,06079404Lubbock, TX HUD Metro FMR Area35.4%$958$1,10079406Lubbock, TX HUD Metro FMR Area——$1,22079408Lubbock, TX HUD Metro FMR Area——$1,240

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 79415?

ZIP 79415 (Lubbock, TX HUD Metro FMR Area) has 16,765 residents, 6,525 households, a renter share of 60.9%, median household income of $37,101, and ACS 2023 median gross rent of $956. Vacancy is 9.7%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 79415?

ACS counts 200 units in 2-unit buildings, 298 in 3–4 unit buildings, 834 in 5–9, 494 in 10–19, and 747 in 20–49. Combined 2–49 unit stock is 2,573 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 79415?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,060. See the full schedule and 90–110% payment-standard band on the ZIP 79415 — Lubbock, TX HUD Section 8 Payment Standards / SAFMR.

Does this Texas ZIP profile include Georgia listings?

No. ZIP 79415 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.