ZIP Code Market Report
79423 — Lubbock, TX
Data through February 2026 · Updated monthly
Avg Home Value
$231,560
▲ 0.9% year-over-year
Month-over-Month
-0.1%
▼ 0.1%
Single Family
$230,376
Condo / Co-op
--
The average home value in the 79423 ZIP code (Lubbock, TEXAS) is $231,560 as of February 2026. Home prices are stable, up 0.9% compared to last year.
A 3-bedroom home in 79423 is valued at $205,155.
The market in 79423 has a $231,922 spread between bottom-tier homes at $172,008 and top-tier homes at $403,930. Bottom-tier properties represent the primary opportunity range for real estate investors using the 70% rule, fix-and-flip, or BRRRR strategies.
Looking ahead, Zillow's forecast model projects home values in the 79423 ZIP code will increase 0.5% over the next 12 months, bringing the projected average to approximately $232,718. This modest projected change should be factored into any investment analysis for properties in this area.
This report is part of the Crosby County market area in TEXAS. For a broader view of the housing market including rent data, market activity, and affordability analysis, see the full Crosby County report.
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Market Snapshot
79423 Housing Market at a Glance
Key metrics for the last 3 months with trend direction.
| Metric | Dec 2025 | Jan 2026 | Feb 2026 | 3-Mo Change |
|---|---|---|---|---|
| Avg Home Value | $231,644 | $231,814 | $231,560 | No Change |
| Single Family Value | $228,899 | $229,651 | $230,376 | ▲ 0.6% |
Home Values
79423 Home Value Trend
Historical home values for ZIP code 79423. Switch between All Homes, Single Family, Bottom Tier, and Top Tier.
Source: Zillow Research ZHVI / ZORI · Updated monthly
By Bedroom
What Homes Cost in 79423
Median home values by bedroom count in this ZIP code.
| Bedrooms | Median Value |
|---|---|
| 2 Bedrooms | $155,666 |
| 3 Bedrooms | $205,155 |
| 4 Bedrooms | $381,964 |
Property Types
Home Values by Property Type in 79423
How different property types compare in this ZIP code.
All Homes
$231,560
Single Family
$230,376
Bottom Tier
$172,008
Top Tier
$403,930
Forecast
12-Month Home Value Forecast for 79423
Zillow projects home values in 79423 will increase 0.5% over the next year, reaching approximately $232,718.
Current Value
$231,560
Projected Change
+0.5%
▲ 0.5%
Projected Value
$232,718
Source: Zillow Home Value Forecast (ZHVF). Forecasts are not guarantees.
Data Sources and Methodology
Home value data for ZIP code 79423 comes from the Zillow Home Value Index (ZHVI), updated monthly. ZHVI measures the typical home value using Zillow's automated valuation model, smoothed and seasonally adjusted.
This report was last updated February 2026. Data is refreshed on the 17th of each month.
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