ZIP 79416 - 860Z200US79416 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 79416, located in the Lubbock, Texas area, this demographic and housing snapshot offers a clear picture of the community as of 2023. With a population of over 36,000 and a diverse mix of residents, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. From household income to housing costs, we’ve compiled key metrics to help you make informed decisions about living or working in this ZIP code.

Population & Households

ZIP 79416 is home to a population of 36,461 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 14,528 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 16,094, indicating some availability of vacant or seasonal properties. This balance of population and housing suggests a stable residential area with potential for growth or investment.

Income & Housing Costs

The median household income in ZIP 79416 is $65,200, which points to a community with a solid economic foundation. This income level supports a comfortable lifestyle for many residents and can be a key consideration for businesses targeting middle-income consumers. On the housing front, the median home value is $196,900, offering a relatively accessible entry point for homebuyers compared to national averages. For renters, the median monthly rent is $1,269, which aligns with the area’s income levels and suggests a balanced rental market. These figures provide a practical benchmark for assessing affordability and investment potential in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 79416 reflects a diverse community, which can be a draw for those seeking an inclusive environment. The racial composition includes 49.26% White, 8.86% Black, 3.01% Asian, and a significant 35.33% Hispanic population. This diversity shapes the cultural fabric of the area, influencing local businesses, schools, and community events. For investors and business owners, understanding this mix can help tailor offerings to meet the needs of a varied customer base.

Key Facts

• Total population: 36,461 residents in ZIP 79416 as of 2023.
• Total households: 14,528, indicating a mix of family and solo living.
• Total housing units: 16,094, with some potential for vacant or investment properties.
• Median household income: $65,200, supporting a middle-income lifestyle.
• Median home value: $196,900, an accessible price point for many buyers.
• Median rent: $1,269 per month, reflecting a balanced rental market.
• Diverse demographics: 49.26% White, 35.33% Hispanic, 8.86% Black, and 3.01% Asian.

What This Means for You

For homebuyers, ZIP 79416 offers a promising opportunity with a median home value of $196,900, which is within reach for many middle-income families. The area’s diverse population also means a welcoming community with varied cultural influences. If you’re a real estate investor or agent, the presence of over 16,000 housing units, combined with a stable median income of $65,200, suggests potential for both rental and resale markets. The difference between total housing units and households hints at available properties that could be leveraged for investment.

For small-business owners, the demographic diversity and solid income levels in ZIP 79416 create a fertile ground for targeting a wide range of customers. Whether you’re opening a retail store, restaurant, or service-based business, the community’s makeup offers flexibility in tailoring your offerings. Lastly, analysts can use these metrics to benchmark ZIP 79416 against other areas, identifying trends in housing affordability or population growth that could inform broader market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 79416? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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