The story of this market
The typical home in ZIP 78732 sells for about $824,000, or $275 per square foot.
Prices are down 5.9% from a year ago, which gives buyers more room to negotiate. Homes take about 144 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,949 a month.
ZIP 78732 — Austin
The 78732 housing market is currently experiencing a period of stabilization with high inventory levels relative to sales volume. Prices have seen a slight year-over-year decline, reflecting a broader cooling trend in the Austin luxury market. Buyers currently hold a balanced position as days on market remain elevated.
This ZIP is ideal for affluent families and professionals seeking luxury suburban living, proximity to Lake Travis, and access to top-tier schools.
Median prices moved down 5.9% year over year.
Homes spend a median of 144 days on market with 23.2 months of supply — a slower-moving market.
50% of listings have cut prices · homes sell at 100% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 3.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 78732, Travis County TX
The area is served by the highly-rated Leander Independent School District, known for strong academic performance and modern facilities.
The area faces wildfire risks common to the Texas Hill Country and is subject to standard regional flood and wind insurance considerations.
The area benefits from proximity to Austin's major tech employment hubs and ongoing residential development in the Steiner Ranch and Lake Travis corridors.
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).
Commutes to downtown Austin are primarily via RM 620 and RM 2222, often experiencing significant peak-hour congestion.
Residents have access to extensive amenities including Lake Travis, the Steiner Ranch Lake Club, numerous hiking trails, and nearby golf courses.
The rental market is characterized by high-end single-family homes with moderate vacancy pressure and limited short-term rental inventory.
The local economy is anchored by the broader Austin tech sector, with significant employment influence from major corporate campuses in North and Northwest Austin.
Transportation is heavily reliant on private vehicles, with limited public transit options connecting to the Austin urban core.
Ongoing residential development continues in the Steiner Ranch area, with limited commercial expansion planned along the RM 620 corridor.
The Travis Central Appraisal District manages property assessments for the area, utilizing annual market value adjustments.
Parcels are subject to various special districts, including Municipal Utility Districts (MUDs) and emergency services districts.
Property insurance premiums in the area are influenced by regional wildfire and storm risk profiles.
Data retrieved from Census Reporter and ACS 2024 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 Park4.418.4 mi
- Cidercade Austin4.412.6 mi
- Austin’s4.114.7 mi
- Austin Aquarium47.7 mi
- Museum of Illusions Austin4.59.9 mi
- Moody Center4.411.8 mi
- The Oasis On Lake Travis4.22.1 mi
- Mozart's Coffee Roasters4.58.7 mi
- H-E-B Center at Cedar Park4.512 mi
- Alamo Drafthouse Cinema South Lamar4.511.5 mi
- Texas Capitol4.711.6 mi
- Zilker Metropolitan Park4.810.5 mi
- Mozart's Coffee Roasters4.58.7 mi
- Alamo Drafthouse Cinema South Lamar4.511.5 mi
- Bullock Texas State History Museum4.711.4 mi
- Texas Capitol4.711.6 mi
- Palmer Events Center4.511.7 mi
- Bullock Texas State History Museum4.711.4 mi
- Thinkery4.612.5 mi
- Blanton Museum of Art4.711.4 mi
- Zilker Metropolitan Park4.810.5 mi
- Pease District Park4.810.8 mi
- Zilker Botanical Garden4.610.4 mi
- Mueller Lake Park4.712.5 mi
- Emma Long Metropolitan Park4.64.6 mi
- Texas Rowing Center4.610.4 mi
- Lakeway Marina4.75.6 mi
- Paradise Cove Marina44.5 mi
- Highland Lakes Marina3.94.6 mi
- Riviera Marina4.73.6 mi
- Topgolf Austin4.410.5 mi
- Avery Ranch Golf Club3.911.3 mi
- Falconhead Golf Club3.76.1 mi
- Barton Creek Country Club4.66.3 mi
- Butler Pitch & Putt4.511.4 mi
- Barton Creek Square4.49.8 mi
- The Domain4.610.1 mi
- Lakeline Mall4.28.1 mi
- Domain NORTHSIDE4.610.3 mi
- H-E-B4.412.7 mi
- Austin-Bergstrom International Airport4.118.4 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major recreational reservoir offering boating, fishing, and water sports.
Private facility providing lake access and community events for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.