79416, Lubbock, TX

The home equity and home prices in the 79416 zip code of Lubbock, TX are very high. In fact, according to Zillow, the median home value in this zip code is $151,000. This is a far cry from the median home value of $77,500 that is found nationwide. The high home values in this zip code likely reflect the many affluent residents who live here.

Another factor that may contribute to the high home values in this zip code are the low unemployment rates found here. Lubbock has an unemployment rate of just 3.8%, which is much lower than the national unemployment rate of 5%. This low unemployment rate likely attracts many job seekers and investors to this area, which drives up housing prices.

Despite these high home values, it is important to keep in mind that not all homes in this zip code are worth as much as they seem on Zillow or elsewhere online. Many homes here were built decades ago and may not be up to current standards for safety and comfort. Additionally, some homes may be located in areas that are not as desirable as others due to crime or other issues. It is always important to do your own research before making any decisions about buying or selling a property