The story of this market
The typical home in ZIP 78722 sells for about $470,100, or $475 per square foot.
Prices are down 44% from a year ago, which gives buyers more room to negotiate. Homes take about 115 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,134 a month.
ZIP 78722 — Austin
The 78722 housing market is currently experiencing a significant correction, evidenced by a sharp year-over-year decline in median sale prices and very low sales volume. High days on market and a lack of price cuts suggest a standoff between sellers holding onto previous valuations and buyers facing affordability constraints. The market is currently characterized by low inventory and cooling demand.
This ZIP is well-suited for university-affiliated professionals, young families, and commuters who prioritize proximity to downtown Austin and the Mueller development over suburban space.
Median prices moved down 44.0% year over year.
Homes spend a median of 115 days on market with 8.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 12.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 78722, Travis County TX
The area is served by the Austin Independent School District, which maintains a diverse range of academic performance levels across its neighborhood schools.
The area is subject to standard regional risks including extreme heat and occasional flash flooding, typical of the Central Texas climate.
The area benefits from proximity to the University of Texas at Austin and the ongoing redevelopment of the nearby Mueller district, which serves as a major economic and residential anchor.
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 a central location with direct access to I-35 and US-290, providing relatively short commute times to downtown Austin and the University of Texas campus.
The ZIP features proximity to several neighborhood parks and is within a short drive of the extensive hike-and-bike trails along the Mueller Lake Park and the broader Austin greenbelt system.
The rental market shows significant volatility with a reported year-over-year decline in median asking rents, suggesting a shift in demand or an increase in available inventory.
The local economy is heavily influenced by the University of Texas at Austin and the technology-driven growth of the broader Austin metro area.
The area is served by Capital Metro bus routes, providing connectivity to the downtown employment core and the University of Texas.
Ongoing infill development and the continued build-out of the Mueller mixed-use project remain the primary drivers of local construction activity.
The Travis Central Appraisal District manages property assessments for the county, utilizing mass appraisal techniques to determine annual market values.
Parcels in this ZIP are subject to taxes from the City of Austin, Austin ISD, Travis County, and Austin Community College District.
Property insurance premiums in the region are influenced by exposure to severe weather events, including hail and wind, which are common in Central Texas.
Data retrieved from US Census Bureau ACS 5-year estimates via Census Reporter and US5.com.
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 Park4.416.4 mi
- Cidercade Austin4.43.2 mi
- Austin’s4.112.1 mi
- Austin Aquarium411.9 mi
- Museum of Illusions Austin4.57.3 mi
- Moody Center4.41.4 mi
- Circuit of The Americas4.611.7 mi
- The Oasis On Lake Travis4.212.5 mi
- Mozart's Coffee Roasters4.54.3 mi
- H-E-B Center at Cedar Park4.518.4 mi
- Circuit of The Americas4.611.7 mi
- Texas Capitol4.72.1 mi
- Zilker Metropolitan Park4.84 mi
- Mozart's Coffee Roasters4.54.3 mi
- McKinney Falls State Park4.67.5 mi
- Texas Capitol4.72.1 mi
- Palmer Events Center4.53.3 mi
- Bullock Texas State History Museum4.71.8 mi
- Thinkery4.60.6 mi
- Blanton Museum of Art4.71.7 mi
- Zilker Metropolitan Park4.84 mi
- McKinney Falls State Park4.67.5 mi
- Lady Bird Johnson Wildflower Center4.712.1 mi
- Pease District Park4.82.5 mi
- Zilker Botanical Garden4.63.9 mi
- Texas Rowing Center4.63.7 mi
- Lakeway Marina4.717.3 mi
- Paradise Cove Marina416.7 mi
- Highland Lakes Marina3.915.9 mi
- Riviera Marina4.714 mi
- Topgolf Austin4.47.3 mi
- Jimmy Clay Golf Course4.37.5 mi
- Morris Williams Golf Course4.11.1 mi
- Butler Pitch & Putt4.53.3 mi
- Barton Creek Country Club4.68.8 mi
- Barton Creek Square4.46.2 mi
- The Domain4.67.6 mi
- H-E-B4.44.5 mi
- Domain NORTHSIDE4.67.7 mi
- H-E-B4.53.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major community hub featuring walking trails, a lake, and frequent public events.
Key-figure check: median price diverges 20.9% 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.