ZIP Code · TX

ZIP 79423

Part of Lubbock, TX

Pop. 46,998·Lubbock County·529th most expensive ZIP in Texas

Median rent (all units)

$1,348/mo

Year-over-Year

+1.7%

Month-over-Month

+0.3%

vs US Median

-$584

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 79423 · $1,348

More affordable than 83% of US ZIP codes · National median $1,932/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 79423 usually run 1.2% below trend in November and 1.1% above it in July, about $31 a month apart at today's median. Based on 9 years of data.

Compared with the peak

Rent in ZIP 79423 is at its highest level since Zillow's records here began in March 2016.

Past year vs. the rest of Texas

Rent in ZIP 79423 changed +1.7% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 79423 rose 22.3% while median household income rose 21.6% ($69,818 to $84,933). Rent outpaced income.

Since before the pandemic

Rent in ZIP 79423 is 23.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($84,933) is $2,123 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($1,810); a 4-bedroom is $2,150.

Rank in Lubbock

10th cheapest of 13 ZIP codes in Lubbock.

Cheaper nearby

ZIP 79412, 7 miles away, rents for 30% less ($937/mo), about $4,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 79423. 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

$16,176/yr

At $1,348/mo median

Location

CityLubbock

StateTX

CountyLubbock County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (1.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+1.7% YoY, +0.3% 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%

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

$1,145 → $1,348

up 17.7%

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 $1,145 to $1,348, up 17.7% 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.

Community

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Local insights

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About renting in ZIP 79423

Last updated: October 17, 2026

ZIP code 79423 covers Lubbock, TX. The median rent here is $1,348/mo as of October 2026. A 1-bedroom rents for a median of $1,090/mo. A 2-bedroom rents for a median of $1,300/mo.

At 19% of local median household income ($84,933/yr), ZIP 79423 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.7% over the past year.

FAQ

Frequently asked questions

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 $54,000/year (about $26/hour full-time) to afford the median rent of $1,348/mo in ZIP 79423. The local median household income is $84,933/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 79423?

Rent in ZIP 79423 has risen 1.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in March 2016.

When is the cheapest time to rent in ZIP 79423?

Asking rents in ZIP 79423 are usually lowest in November, about 1.2% below their yearly trend, and highest in July, about 1.1% above it. At today's median that is a gap of roughly $31 a month. This pattern comes from 9 years of Zillow rent data.

Has rent outpaced income in ZIP 79423?

Yes. From 2019 to 2024, rent in ZIP 79423 rose 22.3% while median household income rose 21.6%, from $69,818 to $84,933. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 79423 compare to other ZIPs in Texas?

ZIP 79423 is one of the more affordable among Texas ZIP codes for rent, ranking #529 of 693 at $1,348/mo. Over the year to September 2026, rent in ZIP 79423 changed +1.7%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.