The story of this market
The typical home in ZIP 79343 sells for about $249,252, or $87 per square foot.
Prices are up +1.7% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,450 a month.
ZIP 79343 — Lorenzo
The housing market in the 79343 area remains stable, reflecting broader trends in the Lubbock County region. While inventory levels have increased, demand remains consistent, resulting in a balanced market for buyers and sellers.
This area is best suited for budget-conscious family buyers and those seeking a quiet, small-town lifestyle within commuting distance of the larger Lubbock metropolitan area.
Median prices moved up 1.7% year over year.
Homes spend a median of 42 days on market with 5.4 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 12.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 79343, Crosby County TX
The region is subject to high wind and occasional severe weather events typical of the Texas South Plains, necessitating standard property insurance coverage for wind and hail.
Economic momentum is tied to the broader Lubbock MSA, which serves as a regional hub for agriculture, education, and healthcare.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Texas) — Senior (65+) and Disabled Homestead Exemption and School Tax Ceiling: Grants an additional mandatory $10,000 exemption from ISD appraised value (Taxable Value_ISD = Appraised Value - $100,000 - $10,000) and establishes an absolute statutory tax freeze (school tax ceiling): total ISD property taxes cannot exceed the dollar ceiling established in the… State (Texas) — General Residence Homestead Exemption and 10% Valuation Growth Cap: Imposes mandatory state-level valuation deductions and growth limitations on the qualifying homestead: (1) Mandates a $100,000 deduction from appraised value for independent school district (ISD) maintenance and operations/debt taxation: Taxable Value_ISD = Appraised Value - $100… State (Texas) — Ad Valorem Real Property Taxation and Assessment Ratio: Mandates ad valorem appraisal of all real property at 100% of fair market value as of January 1 each tax year (Assessment Ratio = 1.00).
Residents typically rely on personal vehicles for commuting, with travel times to the Lubbock employment core averaging approximately 20-30 minutes.
Local amenities are limited, with small-town parks and community facilities serving as the primary recreational outlets.
The rental market is characterized by stable demand and moderate vacancy pressure, primarily serving local workers and students.
The economy is primarily driven by agricultural production and regional services, with significant employment ties to the nearby Lubbock metropolitan area.
Transportation is heavily reliant on highway corridors connecting the area to the Lubbock urban center.
Development activity is minimal, with focus primarily on residential maintenance and small-scale local improvements.
The county appraisal district conducts annual property valuations to determine tax assessments based on market value.
Parcels are subject to local school district taxes and county-level service district assessments.
Property insurance premiums are influenced by regional exposure to severe weather, including wind and hail risks.
Texas operates under a non-judicial foreclosure process, allowing for relatively expedited proceedings following proper notice.
Sellers are required to provide a standard property condition disclosure form to buyers, detailing known defects.
Data retrieved from Census Reporter and QuickFacts for the local area.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Blazing Bouncers / Arcave4.519.7 mi
- Lubbock Escapes4.919.8 mi
- United Supermarkets Arena4.719.8 mi
- Galaxy Stadium4.718.9 mi
- Lubbock Memorial Civic Center4.717.7 mi
- Buddy Holly Hall4.717.6 mi
- Panhandle South Plains Fairgrounds4.117 mi
- Texas Air Museum4.812 mi
- Museum at Texas Tech University4.719.7 mi
- Buddy Holly Center4.617.4 mi
- National Ranching Heritage Center4.819.6 mi
- American Windmill Museum4.816.3 mi
- Nashwell Cafe4.717.6 mi
- Buffalo Springs Lake412.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community park providing basic outdoor space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.