The story of this market
The typical home in ZIP 78723 sells for about $575,000, or $362 per square foot.
Prices are down 3.36% from a year ago, which gives buyers more room to negotiate. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,817 a month.
ZIP 78723 — Austin
The 78723 housing market shows signs of stabilization with a median listing price of $575,000. While year-over-year prices have softened slightly, the area remains in demand due to the ongoing success of the Mueller development. Data for closed sales and specific months of supply were not available at the ZIP level.
This ZIP is ideal for young professionals and families seeking a modern, walkable urban lifestyle with proximity to downtown, as well as investors targeting the high-growth Mueller corridor.
Median prices moved down 3.4% year over year.
Homes spend a median of 44 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 4.8% · poverty 12.3% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 78723, Travis County TX
The area is served by the Austin Independent School District, with schools generally reflecting the diverse socioeconomic character of the surrounding neighborhoods.
The area is subject to standard Texas climate risks, including heat and occasional severe weather, with property insurance premiums influenced by regional wildfire and wind exposure trends.
The ZIP benefits from proximity to the Mueller development, a major mixed-use urban village that has transformed the area with significant residential, retail, and office space.
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).
Located in East/Central Austin, residents have direct access to major corridors like I-35 and US-290, providing relatively efficient transit to the downtown employment core.
The area features significant green space, including the Mueller Lake Park and various hike-and-bike trails, alongside extensive retail and dining options within the Mueller district.
The rental market is robust due to the high density of multi-family units in the Mueller area, though vacancy pressure remains balanced by consistent demand from young professionals.
The economy is anchored by the Mueller development's commercial district and proximity to the University of Texas and downtown Austin's tech and government sectors.
The area is well-served by Capital Metro bus routes and provides easy access to major highway interchanges, facilitating regional connectivity.
Continued infill development and expansion of the Mueller district remain the primary drivers of local construction activity.
The Travis Central Appraisal District manages property assessments for the area, utilizing mass appraisal techniques to determine market value for tax purposes.
Parcels are subject to Austin ISD taxes and various municipal utility district assessments common in the Austin metro area.
Property insurance costs are rising in line with broader Texas trends, driven by regional weather-related claims and increased replacement costs.
foreclosure_note
Texas is a non-judicial foreclosure state, allowing for expedited processes under the deed of trust.
Texas law requires sellers to provide a written disclosure notice to buyers regarding the condition of the property.
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 Park4.414.9 mi
- Cidercade Austin4.45.2 mi
- Austin’s4.110.7 mi
- Austin Aquarium411.8 mi
- Museum of Illusions Austin4.56.7 mi
- Moody Center4.43.5 mi
- Circuit of The Americas4.612.2 mi
- The Oasis On Lake Travis4.213.3 mi
- Mozart's Coffee Roasters4.56.1 mi
- H-E-B Center at Cedar Park4.518.1 mi
- Texas Capitol4.74.2 mi
- Circuit of The Americas4.612.2 mi
- Zilker Metropolitan Park4.86.1 mi
- Mozart's Coffee Roasters4.56.1 mi
- McKinney Falls State Park4.68.9 mi
- Texas Capitol4.74.2 mi
- Palmer Events Center4.55.4 mi
- Bullock Texas State History Museum4.73.9 mi
- Thinkery4.61.6 mi
- Blanton Museum of Art4.73.8 mi
- Zilker Metropolitan Park4.86.1 mi
- McKinney Falls State Park4.68.9 mi
- Pease District Park4.84.6 mi
- Zilker Botanical Garden4.66 mi
- Mueller Lake Park4.71.6 mi
- Texas Rowing Center4.65.8 mi
- Festival Beach Boat Ramp4.75 mi
- Lake Austin Marina4.56.1 mi
- Waller Creek Boathouse4.64.9 mi
- Boats and Buses57.6 mi
- Topgolf Austin4.46.6 mi
- Jimmy Clay Golf Course4.39 mi
- Morris Williams Golf Course4.11.5 mi
- Butler Pitch & Putt4.55.4 mi
- Barton Creek Country Club4.610.7 mi
- Barton Creek Square4.48.3 mi
- The Domain4.67 mi
- H-E-B4.46.5 mi
- Domain NORTHSIDE4.67 mi
- H-E-B4.55.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A central green space featuring a lake, walking trails, and an amphitheater.
A popular children's museum located within the Mueller development.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).