The story of this market
The typical home in ZIP 78748 sells for about $409,000, or $249 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $1,839 a month.
ZIP 78748 — Austin
The 78748 housing market is currently experiencing a period of stabilization with median prices holding steady around $409,000. While inventory remains available, the market is seeing a healthy pace of activity, driven by consistent demand for South Austin residential properties. Buyers are finding a more balanced environment compared to previous years, with sale-to-list ratios indicating that homes are generally selling near asking price.
This ZIP is ideal for family buyers and professionals who work in South Austin or downtown and desire a balance of suburban space and city access. It is also a frequent target for investors looking for stable rental demand in a well-established residential community.
Median prices moved sideways 0.0% 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 106% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.7% · poverty 7.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 78748, Travis County TX
Crime in the 78748 area is generally consistent with broader South Austin trends, with property crime being the primary concern compared to violent crime. Residents typically experience moderate safety levels, though it is recommended to check specific neighborhood-level reports as the area is large and diverse.
Schools in 78748 are primarily served by the Austin Independent School District, with performance ratings varying significantly by campus. Many families prioritize the area for its access to established public schools, though some seek out magnet or charter alternatives within the district.
The area faces standard Central Texas climate risks, including potential for flash flooding in low-lying zones and high heat during summer months. Property insurance premiums have seen upward pressure due to regional hail and wind storm activity common to the Austin metro.
Growth is driven by its proximity to the South Austin employment corridor and the ongoing expansion of the I-35 and MoPac infrastructure projects. The area remains a popular destination for residential development due to its relative affordability compared to North and Central Austin.
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).
Commuters in 78748 primarily rely on I-35 and MoPac Expressway to reach the downtown Austin employment core. Traffic congestion is a significant factor during peak hours, though the area is well-positioned for access to major South Austin commercial hubs.
The ZIP features extensive access to outdoor amenities including Mary Moore Searight Metropolitan Park and various hike-and-bike trails. Shopping and dining are concentrated along the Slaughter Lane and Manchaca Road corridors, providing convenient local services.
The rental market is characterized by a mix of single-family home rentals and multi-family complexes, with rent levels showing signs of stabilization. Vacancy pressure remains moderate as the area continues to attract renters seeking a suburban feel within the city limits.
The economy is anchored by the broader Austin tech and service sectors, with significant employment hubs located in nearby South Austin and the downtown core. The area benefits from a diverse mix of retail, healthcare, and professional services.
Transportation is heavily reliant on private vehicles, with I-35 and MoPac serving as the primary arterial corridors. Public transit options are provided by CapMetro, though coverage is primarily focused on bus routes connecting to the city center.
Development is focused on infill residential projects and the continued expansion of commercial services along major thoroughfares. Infrastructure planning is largely centered on regional traffic mitigation and utility upgrades.
The Travis Central Appraisal District manages property assessments for the county, utilizing mass appraisal techniques to determine annual market values for tax purposes.
Parcels in this ZIP are subject to various special districts including Austin ISD, Travis County, and potentially municipal utility districts depending on the specific subdivision.
Property insurance in the region is influenced by high-risk weather events, leading to competitive but rising premiums for homeowners.
Data retrieved from data.census.gov ZCTA-level 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.
- Cidercade Austin4.47.4 mi
- Austin Aquarium419.5 mi
- Museum of Illusions Austin4.516.7 mi
- Dave & Buster's Austin4.215.6 mi
- K1 Speed Austin416 mi
- Moody Center4.49.4 mi
- Circuit of The Americas4.611 mi
- The Oasis On Lake Travis4.216.7 mi
- Mozart's Coffee Roasters4.59 mi
- Alamo Drafthouse Cinema South Lamar4.56.9 mi
- Circuit of The Americas4.611 mi
- Texas Capitol4.78.7 mi
- Zilker Metropolitan Park4.87.3 mi
- Mozart's Coffee Roasters4.59 mi
- McKinney Falls State Park4.65.8 mi
- Texas Capitol4.78.7 mi
- Palmer Events Center4.57.5 mi
- Bullock Texas State History Museum4.79.1 mi
- Thinkery4.611.2 mi
- Blanton Museum of Art4.79.1 mi
- Zilker Metropolitan Park4.87.3 mi
- McKinney Falls State Park4.65.8 mi
- Lady Bird Johnson Wildflower Center4.73.5 mi
- Pease District Park4.88.8 mi
- Zilker Botanical Garden4.67.5 mi
- Texas Rowing Center4.67.8 mi
- Lakeway Marina4.717.4 mi
- Paradise Cove Marina419.3 mi
- Highland Lakes Marina3.919.8 mi
- Riviera Marina4.718.6 mi
- Jimmy Clay Golf Course4.35.2 mi
- Morris Williams Golf Course4.111.2 mi
- Butler Pitch & Putt4.57.5 mi
- Barton Creek Country Club4.68.9 mi
- Lions Municipal Golf Course4.38.8 mi
- Barton Creek Square4.46.2 mi
- H-E-B4.46.2 mi
- H-E-B4.58.4 mi
- Fiesta Mart #254.210.7 mi
- Fiesta Mart #644.23.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A large municipal park featuring extensive hiking trails, disc golf, and sports fields.
A major regional retail and dining hub serving the South Austin area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.