Home Affordability in 79401
Lubbock, TX — Lubbock County
The median home price in ZIP code 79401 (Lubbock) is $195,000 with a median household income of $45,000. The price-to-income ratio is 4.3x.
Median Home Price
$195,000
Median Income
$45,000
Price-to-Income
4.3x
Est. Affordable Home
$175,000
Property Tax Rate
1.72%
Annual Property Tax
$3,354
Cost of Living
84
Metro Area
Lubbock MSA
Down Payment Scenarios for ZIP 79401
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $5,850 | $189,150 | Yes |
| 5% | $9,750 | $185,250 | Yes |
| 10% | $19,500 | $175,500 | Yes |
| 20% | $39,000 | $156,000 | No |
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