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Austin city, TX

ZIP 78705 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Low Income AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 78705

Median Home Value
$627,900
Median Rent
$1,422
Affordability Snapshot
$173,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,033/mo PITI).

56%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

20.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

36.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 78705 in Austin city, TX, a household would need roughly $173,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,033. That is about 470% above the local median household income ($30,336), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
11.6%-82% vs US avg
x
Vacancy Rate
11.4%+10% vs US avg
x
Broadband Access
82.5%-5% vs US avg
x
4+ Bedrooms
0.4%-97% vs US avg
x
Built Pre-1939
3.0%-76% vs US avg
x
Built Post-2014
1.6%-76% vs US avg
x
Rent Burden >30%
49.1%-1% vs US avg
x
Mortgage-Free
53.3%+40% vs US avg
x
$627,900
Home Value
$1,422
Rent
1989
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached12.3%
  • 1-unit attached2.0%
  • 2-9 units13.9%
  • 10+ units71.5%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$627,900
Median rent$1,422
Owner-occupied11.6%
Vacant11.4%
Price-to-income20.7x
Est. income to buy$173,000