The story of this market
The typical home in ZIP 78703 sells for about $1,670,000, or $820 per square foot.
Prices are up +26.9% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $2,131 a month.
ZIP 78703 — Austin
The 78703 housing market remains a high-value, low-inventory environment with a median sale price of $1,670,000. Market activity is driven by strong demand for central Austin real estate, though some metrics like months of supply and specific tax history are not currently published at the ZIP level.
This area is ideal for affluent professionals, families seeking proximity to downtown, and investors looking for high-value real estate in one of Austin's most established and desirable neighborhoods.
Median prices moved up 26.9% year over year.
Homes spend a median of 35 days on market with 0.0 months of supply — a fast-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 5.4% · poverty 5.9% — a stable, low-distress profile.
ZCTA 78703, Travis County TX
The area is served by the Austin Independent School District, which generally maintains a strong reputation for its academic programs and magnet offerings in the central Austin region.
The area benefits from its proximity to downtown Austin's major employment hubs and the ongoing redevelopment of the central urban core.
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 enjoy a highly central location with short commute times to downtown Austin, major government offices, and the University of Texas campus.
The ZIP features extensive access to the Lady Bird Lake hike-and-bike trail system, numerous neighborhood parks, and proximity to high-end shopping and dining districts like Clarksville and Tarrytown.
The rental market is characterized by high demand and premium pricing, with a mix of single-family homes and multi-family developments catering to professionals and students.
The local economy is anchored by the broader Austin tech and government sectors, with significant employment density in the nearby downtown core.
Parcels are subject to taxes from the City of Austin, Travis County, Austin ISD, and Austin Community College District.
Data retrieved from ZipDataPortal and Census ACS 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. Source: NCES EDGE public school locations 2023-24.
- Kalahari Indoor Water Park4.417.8 mi
- Cidercade Austin4.43.2 mi
- Austin’s4.113.3 mi
- Austin Aquarium411 mi
- Museum of Illusions Austin4.57.7 mi
- Moody Center4.42.4 mi
- Circuit of The Americas4.613.3 mi
- The Oasis On Lake Travis4.210.1 mi
- Mozart's Coffee Roasters4.50.9 mi
- H-E-B Center at Cedar Park4.517.5 mi
- Texas Capitol4.72.1 mi
- Zilker Metropolitan Park4.81.7 mi
- Mozart's Coffee Roasters4.50.9 mi
- McKinney Falls State Park4.68 mi
- Alamo Drafthouse Cinema South Lamar4.52.5 mi
- Texas Capitol4.72.1 mi
- Palmer Events Center4.52.3 mi
- Bullock Texas State History Museum4.71.9 mi
- Thinkery4.63.8 mi
- Blanton Museum of Art4.72 mi
- Zilker Metropolitan Park4.81.7 mi
- McKinney Falls State Park4.68 mi
- Lady Bird Johnson Wildflower Center4.79.6 mi
- Pease District Park4.81.2 mi
- Zilker Botanical Garden4.61.5 mi
- Texas Rowing Center4.61.3 mi
- Festival Beach Boat Ramp4.73.9 mi
- Lake Austin Marina4.51.2 mi
- Waller Creek Boathouse4.62.7 mi
- Boats and Buses52.3 mi
- Topgolf Austin4.48 mi
- Jimmy Clay Golf Course4.37.7 mi
- Morris Williams Golf Course4.14.5 mi
- Butler Pitch & Putt4.52.1 mi
- Falconhead Golf Club3.712 mi
- Barton Creek Square4.43.3 mi
- The Domain4.68.1 mi
- Lakeline Mall4.212.6 mi
- H-E-B4.43.8 mi
- Domain NORTHSIDE4.68.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides extensive hike-and-bike trails and recreational water access.
Historic neighborhood known for its boutique shops and local restaurants.
Key-figure check: median price diverges 19.3% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.