78749, Austin, TX

Home Equity and Home Prices in the 78749 Zip Code of Austin, TX

The home equity and home prices in the 78749 zip code of Austin, TX are very high. The median home value in this zip code is $269,000, which is more than triple the national median home value of $100,000. Additionally, the percentage of homes that are worth more than their original purchase price is also high in this zip code. For example, approximately 84% of homes in this zip code are worth more than their original purchase price. This is much higher than the national average of approximately 50%.

One reason for these high home values and percentages may be due to the many affluent residents living in this zip code. In fact, almost half (47%) of all households in this zip code have an income above $100,000 per year. Additionally, there are a number of prestigious universities located within close proximity to this zip code (including The University of Texas at Austin and UT Southwestern Medical Center). Therefore, it is not surprising that so many homes here are worth a lot more than average.

Despite these high values however, there may still be opportunities for buyers who are looking for affordable housing options in this area. For example, according to Zillow’s 2018 Home Value Index report , the median home value in ZIP Code 78749 decreased by 2% from 2017 to 2018 . This suggests that there may still be some available homes on the market that fit within a buyer’s budget.