Median Home Value
520K
Median Income
82K
Population
42856
Growth
Declining
Austin 78704 is a cooling neighborhood in Texas with strong demographic and economic activity. The area has increased significantly over the past 5 years. This area is moderately priced relative to median household income.
Housing Market
Median Rent
1850
Rent-to-Income Ratio
0.27
Owner Occupied
42.3%
Demographics
Median Age
34.1
Household Size
2.2
Bachelor's Degree+
64.8%
Economic Signals
Median Income
82K
Poverty Rate
9.4%
Affordability Ratio
6.3
Growth Signals
1-Year Home Value Change
-2.1%
5-Year Home Value Change
35.2%
Growth Score
76/100
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Frequently Asked
The median home value in 78704 is $520,000. This represents the midpoint price of homes sold in the area and can vary significantly based on specific neighborhood characteristics, property conditions, and market dynamics.
Whether 78704 is a good area depends on your personal priorities. The neighborhood is currently experiencing decline. Consider factors like affordability (ratio: 6.3), demographics, income levels, and proximity to your work when making a decision.
Over the past 5 years, 78704 has experienced a 35.2% change in home values. The area's growth score of 76/100 indicates a cooling trend. Population and housing patterns have also evolved, reflecting broader regional dynamics.