The housing market in 78701 Austin, TX has seen more modest appreciation over the last year compared to the US as a whole. The median value of housing in 78701 Austin, TX is $811,800, which is much higher than the US house median value of $338,100. Over the past year, the appreciation of houses in 78701 Austin, TX was 3.52%, significantly lower than the 8.27% for US homes on average. This could indicate that while housing prices in this area are still growing at a steady rate, they are not experiencing the same rapid increase as properties across the country.
The median home cost in Austin (zip 78701) is $811,800. Home appreciation the last 10 years has been 194.4%. Home Appreciation in Austin (zip 78701) is up 16.9%.
Average Age of Homes
- The median age of Austin (zip 78701) real estate is 13 years old
The Rental Market in Austin (zip 78701)
- Renters make up 45.6% of the Austin (zip 78701) population
- 3.2% of houses and apartments in Austin (zip 78701), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.