The housing market in Austin, TX (78702) is quite different from the national market. The median value of a home in 78702 is significantly higher than the US median value, at $644,300 compared to $338,100. But despite this much higher cost of living, the 1 year appreciation rate in 78702 is actually lower than the national average of 8.27%, coming in at 3.52%. This may be indicative of a slow but steady housing recovery for Austin residents.
The median home cost in Austin (zip 78702) is $644,300. Home appreciation the last 10 years has been 194.4%. Home Appreciation in Austin (zip 78702) is up 16.9%.
Average Age of Homes
- The median age of Austin (zip 78702) real estate is 49 years old
The Rental Market in Austin (zip 78702)
- Renters make up 50.4% of the Austin (zip 78702) population
- 1.8% of houses and apartments in Austin (zip 78702), 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.