The story of this market
The typical home in ZIP 78722 sells for about $594,000, or $501 per square foot.
Prices are roughly flat from a year ago (+0.25%), a market in balance. Homes take about 49 days to sell. HUD's fair market rent for a two-bedroom is $2,034 a month.
ZIP 78722 — Austin
The 78722 housing market is currently characterized by low inventory and a high median price point, reflecting its desirability near the Austin urban core. While listing prices remain stable, the low volume of closed sales and extended days on market suggest a cooling trend compared to previous high-growth periods. Market conditions are currently favoring buyers due to the supply-demand imbalance.
This ZIP is well-suited for professionals and families seeking proximity to the urban core and university, offering a mix of established residential character and modern infill development.
Median prices moved up 0.3% year over year.
Homes spend a median of 49 days on market with 12.0 months of supply — a slower-moving market.
25% 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 5.2% · poverty 7.0% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 78722, Travis County TX
The area is served by the Austin Independent School District, which maintains a diverse portfolio of schools with varying performance ratings across the city.
The area is subject to standard Texas climate risks, including potential for extreme heat and occasional severe weather events; flood risk varies by specific parcel location.
The area benefits from proximity to the University of Texas at Austin and the broader Austin tech-sector employment hub, driving consistent demand for infill development.
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 relatively short commute to downtown Austin, with a mean travel time to work of approximately 22 minutes.
The ZIP features access to local green spaces like Patterson Park and is within short distance of the Mueller development's parks, trails, and retail amenities.
The rental market shows high volatility in median asking prices with a significant year-over-year decline, suggesting a shift in inventory or demand dynamics.
The economy is anchored by the University of Texas at Austin, state government, and a robust regional technology sector.
The area is served by Capital Metro bus routes providing connectivity to the Austin central business district and surrounding neighborhoods.
Ongoing infill development and redevelopment of older residential parcels remain the primary drivers of the local construction pipeline.
The Travis Central Appraisal District performs annual market-value assessments for all real property within the county.
Parcels are subject to Austin ISD, City of Austin, and Travis County tax jurisdictions, along with Austin Community College district levies.
Property insurance premiums in the region have faced upward pressure due to regional weather-related loss history.
Data retrieved from Census Reporter/ACS 2024 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 Park4.416.4 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 local community park featuring trails and recreational space.
Adjacent development providing extensive shopping, dining, and park amenities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.