The story of this market
The typical home in ZIP 78701 sells for about $830,000, or $664 per square foot.
Prices are up +45.6% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,817 a month.
ZIP 78701 — Austin
The 78701 housing market shows resilience with a high median sale price of $830,000, driven by limited inventory and strong demand for luxury downtown condos. While year-over-year price growth remains significant, the market is experiencing a cooling trend in sales volume compared to previous years. Buyers should note that rental and sale data for this specific ZIP are highly localized to high-rise residential inventory.
This ZIP is ideal for urban professionals, investors, and downsizers who prioritize proximity to downtown employment, nightlife, and outdoor amenities over traditional suburban space.
Median prices moved up 45.6% year over year.
Homes spend a median of 84 days on market with 15.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 9.0% — 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 4.7%/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 2.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 78701, Travis County TX
Downtown Austin experiences higher property crime rates typical of a dense urban core compared to suburban regions, though violent crime remains concentrated in specific areas.
The area is served by the Austin Independent School District, which offers a mix of magnet and neighborhood schools with varying performance ratings.
The area faces risks associated with urban heat island effects and localized flash flooding near Lady Bird Lake, with standard insurance requirements for urban residential properties.
Downtown Austin is a major hub for tech corporate headquarters and high-density mixed-use development, maintaining strong economic momentum despite broader market fluctuations.
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 benefit from high walkability and proximity to major downtown employment centers, with extensive access to public transit and major highway corridors.
The area features premier access to the Lady Bird Lake hike-and-bike trails, numerous urban parks, and the vibrant shopping and dining districts of 2nd Street and Congress Avenue.
The rental market is characterized by high-density luxury condo and apartment inventory with significant competition and a notable presence of short-term rental units.
The economy is anchored by the technology sector, state government, and a robust hospitality and tourism industry centered on downtown Austin.
The area is the primary hub for Capital Metro bus services and is positioned for future light rail expansion.
Significant high-rise residential and commercial development continues to reshape the downtown skyline.
Parcels are subject to Austin ISD and City of Austin municipal taxes.
Property insurance premiums are influenced by urban density and regional weather-related hazard exposure.
Data retrieved from Census Bureau ZCTA profiles.
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.
- Kalahari Indoor Water Park4.418.3 mi
- Cidercade Austin4.41.4 mi
- Austin’s4.113.9 mi
- Austin Aquarium412.6 mi
- Museum of Illusions Austin4.58.6 mi
- Moody Center4.41 mi
- Circuit of The Americas4.611.4 mi
- The Oasis On Lake Travis4.212 mi
- Mozart's Coffee Roasters4.52.8 mi
- Alamo Drafthouse Cinema South Lamar4.51.6 mi
- Circuit of The Americas4.611.4 mi
- Texas Capitol4.70.3 mi
- Zilker Metropolitan Park4.81.8 mi
- Mozart's Coffee Roasters4.52.8 mi
- McKinney Falls State Park4.66.3 mi
- Texas Capitol4.70.3 mi
- Palmer Events Center4.51 mi
- Bullock Texas State History Museum4.70.6 mi
- Thinkery4.62.9 mi
- Blanton Museum of Art4.70.7 mi
- Zilker Metropolitan Park4.81.8 mi
- McKinney Falls State Park4.66.3 mi
- Lady Bird Johnson Wildflower Center4.79.8 mi
- Pease District Park4.80.7 mi
- Zilker Botanical Garden4.61.7 mi
- Texas Rowing Center4.61.5 mi
- Festival Beach Boat Ramp4.72 mi
- Lake Austin Marina4.53.1 mi
- Waller Creek Boathouse4.60.9 mi
- Boats and Buses53.6 mi
- Topgolf Austin4.48.8 mi
- Jimmy Clay Golf Course4.36.1 mi
- Morris Williams Golf Course4.13.2 mi
- Butler Pitch & Putt4.51 mi
- Barton Creek Country Club4.67 mi
- Barton Creek Square4.43.9 mi
- The Domain4.69 mi
- H-E-B4.42.4 mi
- Domain NORTHSIDE4.69.1 mi
- H-E-B4.52 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Central recreational hub with extensive hike-and-bike trails.
Premier urban retail and entertainment destination.
Historic anchor attraction and government center.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.