The story of this market
The typical home in ZIP 78735 sells for about $816,900, or $358 per square foot.
Prices are down 39.5% 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 $2,005 a month.
ZIP 78735 — Austin
The 78735 housing market is experiencing a significant correction in median sale prices compared to the previous year, reflecting broader cooling trends in the Austin area. While demand remains present, the sharp year-over-year decline in median price and price per square foot suggests a shift in market dynamics. Buyers are currently navigating a market with elevated price points and moderate inventory levels.
This ZIP is well-suited for family buyers and professionals seeking proximity to Austin's employment hubs while maintaining access to suburban amenities.
Median prices moved down 39.5% 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 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.9% · poverty 8.1% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 78735, Texas
The area is served by the Austin Independent School District, which maintains a variety of public school options for residents.
The area is subject to standard Texas climate risks, including potential for flash flooding and wildfire exposure in more wooded, hilly sections of the ZIP.
The area benefits from its proximity to the Austin metropolitan employment core, with ongoing residential and commercial development activity.
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 rely on personal vehicles for commuting to the Austin employment core, with access to major highway corridors.
The area features access to local parks, greenbelts, and proximity to shopping and dining districts within the Austin metropolitan area.
The rental market is characterized by a mix of single-family and multi-family units, with demand supported by the broader Austin economy.
The economy is driven by the broader Austin-Round Rock-San Marcos metropolitan area, featuring a diverse mix of technology, education, and government sectors.
Transportation is primarily highway-dependent, with major corridors facilitating access throughout the Austin metro area.
Development activity is consistent with the ongoing growth of the Austin metropolitan region, focusing on residential and mixed-use projects.
The Travis Central Appraisal District manages property assessments for the area, following standard Texas property tax code procedures.
Parcels are subject to various special districts, including school and utility districts common to the Austin metropolitan area.
Property insurance premiums in the region are influenced by Texas-wide trends in weather-related claims, particularly regarding wind and hail damage.
Data sourced from available census-based reports.
- Cidercade Austin4.47.2 mi
- Austin’s4.118.4 mi
- Austin Aquarium413.9 mi
- Museum of Illusions Austin4.512.5 mi
- Pinballz Lake Creek4.714.6 mi
- Moody Center4.48 mi
- Circuit of The Americas4.615.7 mi
- The Oasis On Lake Travis4.210.3 mi
- Mozart's Coffee Roasters4.55.3 mi
- Alamo Drafthouse Cinema South Lamar4.55.8 mi
- Texas Capitol4.77.3 mi
- Zilker Metropolitan Park4.85.3 mi
- Mozart's Coffee Roasters4.55.3 mi
- McKinney Falls State Park4.69.7 mi
- Alamo Drafthouse Cinema South Lamar4.55.8 mi
- Texas Capitol4.77.3 mi
- Palmer Events Center4.56.5 mi
- Bullock Texas State History Museum4.77.5 mi
- Thinkery4.69.7 mi
- Blanton Museum of Art4.77.6 mi
- Zilker Metropolitan Park4.85.3 mi
- McKinney Falls State Park4.69.7 mi
- Lady Bird Johnson Wildflower Center4.75 mi
- Pease District Park4.86.7 mi
- Zilker Botanical Garden4.65.4 mi
- Texas Rowing Center4.65.6 mi
- Lakeway Marina4.710.9 mi
- Paradise Cove Marina412.6 mi
- Highland Lakes Marina3.913.2 mi
- Riviera Marina4.712 mi
- Topgolf Austin4.413 mi
- Jimmy Clay Golf Course4.39.2 mi
- Morris Williams Golf Course4.110.2 mi
- Falconhead Golf Club3.77.7 mi
- Butler Pitch & Putt4.56.3 mi
- Barton Creek Square4.43.2 mi
- The Domain4.612.9 mi
- H-E-B4.46.5 mi
- H-E-B4.55.4 mi
- Austin-Bergstrom International Airport4.112.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Extensive trail system and natural area serving the region.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.