Zip 78723 (Austin, TX) Housing

Housing in Austin, TX has become increasingly desirable in recent years due to its vibrant culture and abundance of opportunities. The median value of a home in 78723 Austin, TX is $523,900, compared to the US house median value at $338,100. Although the one year appreciation rate for housing across the US is 8.27%, housing appreciation in 78723 Austin, TX is slower at 3.52%. Despite this lower rate of growth in comparison to the rest of the country, it is still an attractive location for many looking to live close to downtown and access other amenities.

The median home cost in Austin (zip 78723) is $523,900. Home appreciation the last 10 years has been 194.4%. Home Appreciation in Austin (zip 78723) is up 16.9%.

Average Age of Homes

- The median age of Austin (zip 78723) real estate is 42 years old

The Rental Market in Austin (zip 78723)

- Renters make up 52.9% of the Austin (zip 78723) population
- 2.5% of houses and apartments in Austin (zip 78723), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Austin, Texas	United States
	15,711.0	139,647,020.0
	44	42
	$523,900	$338,100
	16.9%	16.6%
	85.6%	57.0%
	194.4%	101.1%
	$16.48	$10.98
	$6,384	$2,690
	44.9%	57.4%
	7.7%	11.2%
	47.3%	31.4%
Vacant Housing
	2.5%	1.9%
	1.3%	0.4%
	0.8%	0.7%
	0.1%	0.4%
	0.6%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	0.1%	2.6%
	0.5%	2.4%
	0.1%	2.8%
	0.9%	3.9%
	0.3%	4.5%
	2.2%	11.3%
	3.1%	13.0%
	15.9%	20.1%
	30.6%	13.6%
	20.6%	8.3%
	20.6%	9.7%
	3.2%	3.9%
	1.3%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	11.7%	13.6%
	11.7%	13.6%
	4.0%	13.6%
	10.1%	13.2%
	13.7%	14.8%
	4.0%	13.6%
	14.3%	10.0%
	1.5%	4.7%
	1.0%	12.2%

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