ZIP Code · TX

ZIP 79416

Part of Lubbock, TX

Pop. 36,442·Lubbock County·443rd most expensive ZIP in Texas

Median rent (all units)

$1,460/mo

Year-over-Year

+1.3%

Month-over-Month

+0.2%

vs US Median

-$472

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 79416 · $1,460

More affordable than 76% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$900

1 BR

$1,090

2 BR

$1,290

3 BR

$1,790

4 BR+

$2,130

Research median

$1,290/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 79416 usually run 0.9% below trend in November and 0.6% above it in May, about $22 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 79416 is at its highest level since Zillow's records here began in March 2021.

Past year vs. the rest of Texas

Rent in ZIP 79416 changed +1.3% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($63,896) is $1,597 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,290); a 3-bedroom is $1,790.

Rank in Lubbock

11th cheapest of 13 ZIP codes in Lubbock.

Cheaper nearby

ZIP 79414, 5 miles away, rents for 27% less ($1,064/mo), about $4,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 79416. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$17,520/yr

At $1,460/mo median

Location

CityLubbock

StateTX

CountyLubbock County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.3% YoY, +0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 79416 (Lubbock, TX) is roughly split between renters and owners, skews toward younger working-age adults, has a median income below the national average, 37.6% of residents hold a bachelor's degree or higher.

Population

36,442

Median income

$63,896

Median age

29.6

Renters

51.5%

Age distribution

22.7%

35.6%

19.8%

Under 1822.7%

18–3435.6%

35–5419.8%

55–6410.4%

65+11.4%

Gender

45.6%

54.4%

Male45.6%

Female54.4%

Race & ethnicity

60.6%

34.8%

White60.6%

Black10.7%

Hispanic34.8%

Asian3.1%

Education (25+)

25.3%

30.4%

37.6%

No HS diploma6.7%

HS diploma25.3%

Some college30.4%

Bachelor's+37.6%

Housing tenure

48.5%

51.5%

Owner48.5%

Renter51.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 79416 in Lubbock, TX has changed in 5 years

Rent

$1,228 → $1,460

up 18.9%

Income

$61,627 → $63,896

up 3.7%

Population

34,864 → 36,442

up 4.5%

Renter share

50.5% → 51.5%

+1.0 pts

Bachelor's+

41.3% → 37.6%

-3.7 pts

Median age

27.9 → 29.6

+1.7 yrs

Rent in ZIP 79416 in Lubbock, TX has climbed 18.9% since 2021, going from about $1,228 per month to roughly $1,460 today. On the earnings side, the typical household in ZIP 79416 in Lubbock, TX now reports about $63,896, up from $61,627 in 2021. Rent outpaced income growth by roughly 15.2 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 34,864 to 36,442 between 2021 and 2024, a 4.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher slipped from 41.3% to 37.6%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 79416 in Lubbock, TX reflects that arc in its own way.

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About renting in ZIP 79416

Last updated: October 17, 2026

ZIP code 79416 covers Lubbock, TX. The median rent here is $1,460/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,290/mo.

At 27% of local median household income ($63,896/yr), ZIP 79416 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 79416?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (about $28/hour full-time) to afford the median rent of $1,460/mo in ZIP 79416. The local median household income is $63,896/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 79416?

Rent in ZIP 79416 has risen 1.3% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2021.

When is the cheapest time to rent in ZIP 79416?

Asking rents in ZIP 79416 are usually lowest in November, about 0.9% below their yearly trend, and highest in May, about 0.6% above it. At today's median that is a gap of roughly $22 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 79416 compare to other ZIPs in Texas?

ZIP 79416 is in the middle among Texas ZIP codes for rent, ranking #443 of 693 at $1,460/mo. Over the year to September 2026, rent in ZIP 79416 changed +1.3%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.