1031 Exchange Lubbock, Texas
Texas Opportunity Zones

Surrounding metropolitan area Area

Lubbock, Texas is a part of the Lubbock, TX metropolitan area area, and contains 26 zip codes, including: 79423, 79412, 79409, 79453, 79414, and 79415.

Lubbock Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Lubbock, TX metropolitan area area was $785, which is 7.83% lower than 2014 average rent. This represents a compounded annual growth rate of 1.52%. 2019 vacancy in Lubbock, TX was 5.90%.

The total population of the city of Lubbock, TX has grown 11.46% since 2010. As of 2018, the population was 48,701. The median household income of the Lubbock was $255,885, which is 19.23% lower than the national average.

  • metropolitan area area Lubbock, TX
  • avg rent $785
  • rent growth 7.83%
  • vacancy 5.90%
  • median income $255,885
  • population (2018) 48,701
  • population growth 11.46%
  • vs. nat'l avg 19.23%
  • zip codes 79401 79402 79403 79404 79406 79407 79408 79409 79410 79411 79412 79413 79414 79415 79416 79423 79424 79430 79452 79453 79457 79464 79490 79491 79493 79499

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Source: www.zip-codes.com
Source: REIS Market Report
Source: United States Census Bureau

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