The story of this market
The typical home in ZIP 78745 sells for about $463,890, or $311 per square foot.
Prices are down 6.3% from a year ago, which gives buyers more room to negotiate. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $1,895 a month.
ZIP 78745 — Austin
The 78745 housing market is currently experiencing a cooling phase, with median sale prices declining year-over-year and days on market increasing. High interest rates and a shift in buyer sentiment are driving these trends, resulting in a more balanced market compared to previous years. Specific figures for months of supply and price cut percentages were not available at the ZIP level.
This ZIP is well-suited for young professionals, commuters, and renters who value proximity to downtown Austin and a more established, urban-adjacent neighborhood feel.
Median prices moved down 6.3% year over year.
Homes spend a median of 51 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 10.0% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 78745, Travis County TX
Schools in the area are part of the Austin Independent School District, which serves a diverse student population with varying performance ratings across its campuses.
The area is subject to standard Texas climate risks, including potential for extreme heat and occasional severe weather events; property insurance premiums have been trending upward due to regional hazard exposure.
The area benefits from its proximity to Austin's central employment hubs and ongoing infill development, though large-scale new infrastructure projects are limited within the ZIP's established footprint.
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 typically have a direct commute to downtown Austin via major corridors like I-35 and Manchaca Road, with moderate traffic congestion during peak hours.
The area features access to several local parks and greenbelts, including the South Austin Neighborhood Park, and is within a short drive of major shopping and dining districts along South Lamar and West Gate.
The rental market is characterized by a high renter share of approximately 54%, with steady demand and moderate rent growth reflecting the area's popularity with young professionals and commuters.
The local economy is heavily integrated into the broader Austin-Round Rock MSA, driven by technology, education, and government sectors.
The area is served by major arterial roads and public transit routes connecting to the Austin urban core.
Development is primarily focused on infill residential projects and the revitalization of existing commercial corridors.
The Travis Central Appraisal District manages property assessments for the county, utilizing mass appraisal techniques to determine market values.
Parcels are subject to Austin ISD taxes and various municipal utility district or city-specific service fees.
Property insurance costs are influenced by regional climate risks and the broader Texas insurance market, with premiums generally rising.
Data retrieved from US 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.
- Cidercade Austin4.44.2 mi
- Austin’s4.118.8 mi
- Austin Aquarium416.2 mi
- Museum of Illusions Austin4.513.2 mi
- Pinballz Lake Creek4.716.9 mi
- Moody Center4.46 mi
- Circuit of The Americas4.610.9 mi
- The Oasis On Lake Travis4.213.9 mi
- Mozart's Coffee Roasters4.55.6 mi
- Alamo Drafthouse Cinema South Lamar4.53.4 mi
- Circuit of The Americas4.610.9 mi
- Texas Capitol4.75.3 mi
- Zilker Metropolitan Park4.83.8 mi
- Mozart's Coffee Roasters4.55.6 mi
- McKinney Falls State Park4.64.9 mi
- Texas Capitol4.75.3 mi
- Palmer Events Center4.54 mi
- Bullock Texas State History Museum4.75.6 mi
- Thinkery4.67.9 mi
- Blanton Museum of Art4.75.7 mi
- Zilker Metropolitan Park4.83.8 mi
- McKinney Falls State Park4.64.9 mi
- Lady Bird Johnson Wildflower Center4.75.1 mi
- Pease District Park4.85.3 mi
- Zilker Botanical Garden4.64 mi
- Texas Rowing Center4.64.2 mi
- Festival Beach Boat Ramp4.74.7 mi
- Lake Austin Marina4.56.1 mi
- Waller Creek Boathouse4.64.5 mi
- Boats and Buses54.3 mi
- Jimmy Clay Golf Course4.34.3 mi
- Morris Williams Golf Course4.17.9 mi
- Butler Pitch & Putt4.54.1 mi
- Barton Creek Country Club4.66.5 mi
- Falconhead Golf Club3.712.5 mi
- Barton Creek Square4.43 mi
- H-E-B4.43 mi
- H-E-B4.54.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides local green space and recreational facilities for residents.
A major retail hub serving the immediate area with various dining and shopping options.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).