The story of this market
The typical home in ZIP 78702 sells for about $680,000, or $465 per square foot.
Prices are down 5.56% from a year ago, which gives buyers more room to negotiate. Homes take about 107 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,550 a month.
ZIP 78702 — Austin
The 78702 housing market is currently experiencing a cooling phase, with median prices down year-over-year as inventory levels rise and buyer demand softens. High interest rates and a correction from the rapid appreciation of previous years are the primary drivers of this trend. The market remains slow, with homes staying on the market significantly longer than the national average.
This ZIP is ideal for young professionals and investors seeking proximity to the urban core, though it is increasingly challenging for traditional family buyers due to high price points and limited yard space.
Median prices moved down 5.6% year over year.
Homes spend a median of 107 days on market with 4.7 months of supply — a balanced-paced market.
35% of listings have cut prices · homes sell at 97.2% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 13.9% — 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 6.5%/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 7.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 78702, Travis County TX
Crime rates in 78702 are generally higher than the national average, with property crime being the most frequently reported issue in this urban East Austin corridor.
Schools serving the area are part of the Austin Independent School District, with performance ratings varying significantly across individual campuses.
The area faces moderate risk from flash flooding due to its proximity to urban drainage systems and the Colorado River, with standard insurance requirements for wind and hail.
The ZIP is experiencing significant infill development and gentrification, driven by its proximity to downtown Austin and major tech-sector expansion in the surrounding metro.
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 accessibility to downtown Austin via major corridors like East 7th Street and Cesar Chavez, with moderate public transit connectivity.
The area features significant urban amenities including the Boggy Creek Greenbelt, proximity to Lady Bird Lake, and a dense concentration of dining and nightlife along East 6th and 11th Streets.
The rental market is deep with high turnover, driven by a mix of long-term residents and a significant presence of short-term rental properties catering to downtown visitors.
The economy is anchored by the broader Austin tech and government sectors, with a local focus on hospitality, creative services, and small-scale retail.
The area is served by CapMetro bus routes and is highly bikeable, though residents remain heavily reliant on personal vehicles for regional travel.
Development is focused on high-density residential infill and the revitalization of older commercial corridors under the city's current land-use guidelines.
The Travis Central Appraisal District manages annual assessments, often resulting in significant valuation increases during periods of rapid market appreciation.
Parcels are subject to Austin ISD, City of Austin, Travis County, and Austin Community College district taxes.
Property insurance premiums are rising due to regional climate risks, including severe storms and hail, which are common in Central Texas.
Not applicable for ZIP level.
Not applicable for ZIP level.
Not applicable for ZIP level.
Data retrieved from Census Reporter and ACS 5-year tables.
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 Park4.418.6 mi
- Cidercade Austin4.41.7 mi
- Austin’s4.114.3 mi
- Austin Aquarium413.9 mi
- Museum of Illusions Austin4.59.4 mi
- Moody Center4.41.7 mi
- Circuit of The Americas4.69.7 mi
- The Oasis On Lake Travis4.213.8 mi
- Mozart's Coffee Roasters4.54.8 mi
- Alamo Drafthouse Cinema South Lamar4.52.9 mi
- Circuit of The Americas4.69.7 mi
- Texas Capitol4.71.8 mi
- Zilker Metropolitan Park4.83.5 mi
- Mozart's Coffee Roasters4.54.8 mi
- McKinney Falls State Park4.65.3 mi
- Texas Capitol4.71.8 mi
- Palmer Events Center4.52.3 mi
- Bullock Texas State History Museum4.72 mi
- Thinkery4.62.6 mi
- Blanton Museum of Art4.72 mi
- Zilker Metropolitan Park4.83.5 mi
- McKinney Falls State Park4.65.3 mi
- Lady Bird Johnson Wildflower Center4.710.8 mi
- Pease District Park4.82.7 mi
- Zilker Botanical Garden4.63.5 mi
- Texas Rowing Center4.63.3 mi
- Festival Beach Boat Ramp4.71.1 mi
- Lake Austin Marina4.55.1 mi
- Waller Creek Boathouse4.61.6 mi
- Boats and Buses55.5 mi
- Topgolf Austin4.49.5 mi
- Jimmy Clay Golf Course4.35.3 mi
- Morris Williams Golf Course4.12.3 mi
- Butler Pitch & Putt4.52.5 mi
- Barton Creek Country Club4.69 mi
- Barton Creek Square4.45.5 mi
- The Domain4.69.8 mi
- H-E-B4.42.8 mi
- Domain NORTHSIDE4.69.9 mi
- H-E-B4.54 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trail system providing recreational space and connectivity.
Major hub for nightlife, dining, and live music venues.
Waterfront park located at Festival Beach on Lady Bird Lake.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).