Downtown Austin, Austin, TX—78701
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Downtown Austin, Austin, TX
As of Oct '25, the median home price in Downtown Austin, Austin, TX is $681,000, with a year-over-year change of -5.3%. This indicates that home prices in Downtown Austin, Austin, TX are decreasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $681,000 | -5.3% |
| Single Family | $1,161,000 | -1.4% |
| Condos | $649,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $482,000 | -4.7% |
2 Bed | $847,000 | -6.6% |
3 Bed | $2,137,000 | -8.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Downtown Austin, Austin, TX
As of July '25, Rentcast reports the average rent in Downtown Austin, Austin, TX is $3,100, with a year-over-year rent change of -12.7%. Per bedroom, the median rent as of July '25 in Downtown Austin, Austin, TX is studios: $1,790, 1-bedrooms: $2,570, 2-bedrooms: $3,960, 3-bedrooms: $4,890, 4-bedrooms: $2,090. The most common rental property sizes in Downtown Austin, Austin, TX are 1-bedroom and 2-bedroom, accounting for 53.9% and 30.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,750 | $3,100 |
| Studio Rent | $1,700 | $1,790 |
| 1 Bed Rent | $2,500 | $2,570 |
| 2 Bed Rent | $3,300 | $3,960 |
| 3 Bed Rent | $3,480 | $4,890 |
| 4 Bed Rent | $1,050 | $2,090 |
% of Rental Stock
Property Listings — Downtown Austin, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Downtown Austin, Austin, TX is 96. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $798,000 | 9.0% |
Listing Count | 250 | 24.0% |
| Listings as % of Homes | 1.0% | 24.0% |
Days on Market | 96 | -2.0% |
Demographics — Downtown Austin, Austin, TX
As of the latest ACS Survey released in 2023, Downtown Austin, Austin, TX has a population of 11,100, which has increased by 17.9% over the past 5 years. Downtown Austin, Austin, TX is a less popular place for families, as children make up 1.4% of the population. The area has a highly educated workforce, with 81.4% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 43.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,100 | 17.9% |
% Under 18 | 1.4% | -26.3% |
% Seniors | 15.1% | 30.2% |
% WFH | 43.6% | 172.5% |
% w/ College Degree | 81.4% | 7.1% |
As of the latest ACS Survey released in 2023, Downtown Austin, Austin, TX is a predominantly white area, with 67.6% of the population identifying as white. The white population has shrunk by 6.6% in the last 5 years. The second most common race or ethnicity in Downtown Austin, Austin, TX is hispanic, making up 16.9% of the population. Foreign-born residents account for 13.3% of the population in Downtown Austin, Austin, TX, and this percentage has increased by 11.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 67.6% | -6.6% |
% Black | 2.8% | -33.3% |
% Hispanic | 16.9% | 11.9% |
% Asian | 6.3% | -3.1% |
% Foreign Born | 13.3% | 11.8% |
Mortgage and Risk — Downtown Austin, Austin, TX
According to HUD data as of 2023, there were 125 mortgage originations in Downtown Austin, Austin, TX, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Downtown Austin, Austin, TX. Investor activity is low, as 15.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 125 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 15.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Downtown Austin, Austin, TX
As of 2024, the percent of homes in Downtown Austin, Austin, TX under the Section 8 program is 5.7%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Downtown Austin, Austin, TX, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 213 |
Total Units Section 8 | 213 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 92.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $2,500 | $2,470 |
| 2 Bedroom | -$380 | $3,300 | $2,920 |
| 3 Bedroom | $240 | $3,480 | $3,720 |
| 4 Bedroom | $3,270 | $1,050 | $4,320 |
Affordability — Downtown Austin, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $681,000 |
| Median Household Income | $155,000 |