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ZIP Code · TX

ZIP 79423

Part of Lubbock, TX
Pop. 46,998·Lubbock County·398th most expensive ZIP in Texas
Median rent (all units)
$1,530/mo
Year-over-Year
+8.5%
Month-over-Month
+1.7%
vs US Median
-$435
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 79423 · $1,530
More affordable than 72% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$910
1 BR
$1,090
2 BR
$1,300
3 BR
$1,810
4 BR+
$2,150
Research median
$1,300/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: July 20, 2026

Annual cost
$18,360/yr
At $1,530/mo median
Location
StateTX
CountyLubbock County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.5% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.5% YoY, +1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 79423 (Lubbock, TX) is majority owner-occupied, has a large share of families with children, 38.4% of residents hold a bachelor's degree or higher.

Population
46,998
Median income
$84,933
Median age
34.4
Renters
28.8%
Age distribution
27.3%
23.9%
25.6%
12.9%
Under 1827.3%
18–3423.9%
35–5425.6%
55–6410.3%
65+12.9%
Gender
50%
50%
Male50%
Female50%
Race & ethnicity
67.1%
30.9%
White67.1%
Black5.6%
Hispanic30.9%
Asian2.7%
Education (25+)
24%
32.2%
38.4%
No HS diploma5.4%
HS diploma24%
Some college32.2%
Bachelor's+38.4%
Housing tenure
71.2%
28.8%
Owner71.2%
Renter28.8%

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

2021 vs 2026

How ZIP 79423 in Lubbock, TX has changed in 5 years

Rent
$1,250 → $1,530
up 22.4%
Income
$76,865 → $84,933
up 10.5%
Population
41,950 → 46,998
up 12.0%
Renter share
28.5% → 28.8%
+0.3 pts
Bachelor's+
37.3% → 38.4%
+1.1 pts
Median age
35.7 → 34.4
-1.3 yrs

Across the past five years, the going rent in ZIP 79423 in Lubbock, TX has shifted from $1,250 to $1,530, up 22.4% since 2021. Census figures show median household income at $84,933 today, compared with $76,865 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 79423 in Lubbock, TX adding about 5,048 residents over the five-year window, up 12.0% on net. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

Tips for renters in ZIP 79423

About renting in ZIP 79423

Last updated: July 20, 2026

ZIP code 79423 covers Lubbock, TX. The median rent here is $1,530/mo as of July 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,300/mo.

At 22% of local median household income ($84,933/yr), ZIP 79423 ranks as affordable compared to the national benchmark of 30%. Rents have increased 8.5% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 79423?

As of July 20, 2026, the median monthly rent in ZIP 79423 (Lubbock, TX) is $1,530. This is based on aggregated data from public sources and community submissions.

How does ZIP 79423 rent compare to the US average?

ZIP 79423's median rent of $1,530/mo is $435 (22%) below the US national median of $1,965/mo.

How does ZIP 79423 compare to other ZIPs in Texas?

ZIP 79423 falls in the middle range for Texas, ranking #398 out of 689 ZIPs at $1,530/mo.

How much income do you need to rent in ZIP 79423?

To keep rent at or below 30% of gross income, you would need to earn at least $61,000/year (~$29/hour full-time) to afford the median rent of $1,530/mo in ZIP 79423. The local median household income is $84,933/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 79423?

Rent in ZIP 79423 has increased 8.5% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 79423 an affordable place to rent?

ZIP 79423 is considered very affordable for renters. At $1,530/mo, rent takes approximately 22% of the local median household income ($84,933/yr). The standard benchmark is 30%. ZIP 79423 falls comfortably within that range.

What percentage of ZIP 79423 residents rent vs. own?

According to Census data, approximately 28.8% of ZIP 79423 households are renters, while 71.2% are owner-occupied. ZIP 79423 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 79423 compare to the rest of Lubbock?

ZIP 79423 is pricier than Lubbock as a whole. At $1,530/mo, it's $129 above the Lubbock citywide median of $1,401/mo.

When was rent data for ZIP 79423 last updated?

Rent data for ZIP 79423 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
22%
VERY AFFORDABLE

At $1,530/mo, rent takes ~22% of ZIP 79423's median household income ($84,933/yr). The standard benchmark is 30%.

ZIP 79423 22%Benchmark 30%
State income taxNone
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Public schools near ZIP 79423 (Lubbock, TX)

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