Zip 78748 (Austin, TX) Housing

The housing market in Austin, TX (zip code 78748) is quite robust. The median value of a house in this area is $471,600, which is significantly higher than the US median value of $338,100. Although the US has seen an overall appreciation of house values of 8.27% over the last year, Austin has only seen an appreciation of 3.52%. Despite the relatively lower rate of appreciation compared with other areas, houses in Austin still remain a hot commodity and are highly sought after by prospective buyers.

The median home cost in Austin (zip 78748) is $471,600. Home appreciation the last 10 years has been 194.4%. Home Appreciation in Austin (zip 78748) is up 16.9%.

Average Age of Homes

- The median age of Austin (zip 78748) real estate is 18 years old

The Rental Market in Austin (zip 78748)

- Renters make up 40.1% of the Austin (zip 78748) population
- 3.5% of houses and apartments in Austin (zip 78748), 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
	23,587.0	139,647,020.0
	18	42
	$471,600	$338,100
	16.9%	16.6%
	85.6%	57.0%
	194.4%	101.1%
	$17.54	$10.98
	$5,704	$2,690
	53.0%	57.4%
	5.0%	11.2%
	42.0%	31.4%
Vacant Housing
	3.5%	1.9%
	0.6%	0.4%
	0.1%	0.7%
	0.4%	0.4%
	0.3%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	0.5%	2.6%
	0.3%	2.4%
	0.7%	2.8%
	0.3%	3.9%
	0.0%	4.5%
	1.2%	11.3%
	4.0%	13.0%
	34.3%	20.1%
	34.5%	13.6%
	16.7%	8.3%
	6.7%	9.7%
	0.6%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	33.7%	13.6%
	33.7%	13.6%
	14.7%	13.6%
	18.4%	13.2%
	4.6%	14.8%
	14.7%	13.6%
	0.3%	10.0%
	0.1%	4.7%
	0.5%	12.2%

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