Old West Austin, Austin, TX—78703
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Old West Austin, Austin, TX
As of Oct '25, the median home price in Old West Austin, Austin, TX is $1,257,000, with a year-over-year change of -5.7%. This indicates that home prices in Old West Austin, Austin, TX are decreasing. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,257,000 | -5.7% |
| Single Family | $1,531,000 | -4.6% |
| Condos | $555,000 | -4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $384,000 | -2.3% |
2 Bed | $734,000 | -6.5% |
3 Bed | $1,277,000 | -5.6% |
4 Bed | $2,018,000 | -3.4% |
| 5 Bed | $2,804,000 | -2.6% |
% of Housing Stock
Rental Trends — Old West Austin, Austin, TX
As of July '25, Rentcast reports the average rent in Old West Austin, Austin, TX is $3,550, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Old West Austin, Austin, TX is studios: $1,800, 1-bedrooms: $1,790, 2-bedrooms: $3,280, 3-bedrooms: $4,890, 4-bedrooms: $7,280. The most common rental property sizes in Old West Austin, Austin, TX are 2-bedroom and 1-bedroom, accounting for 43.5% and 39.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,850 | $3,550 |
| Studio Rent | $1,250 | $1,800 |
| 1 Bed Rent | $1,700 | $1,790 |
| 2 Bed Rent | $2,950 | $3,280 |
| 3 Bed Rent | $4,900 | $4,890 |
| 4 Bed Rent | $7,500 | $7,280 |
% of Rental Stock
Property Listings — Old West Austin, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Old West Austin, Austin, TX is 64. This is a decrease of -8.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,480,000 | -16.0% |
Listing Count | 142 | -11.0% |
| Listings as % of Homes | 0.6% | -11.0% |
Days on Market | 64 | -8.0% |
Demographics — Old West Austin, Austin, TX
As of the latest ACS Survey released in 2023, Old West Austin, Austin, TX has a population of 22,500, which has increased by 7.6% over the past 5 years. Old West Austin, Austin, TX is a moderately popular place for families, as children make up 15.1% of the population. The area has a highly educated workforce, with 84.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,500 | 7.6% |
% Under 18 | 15.1% | -23.7% |
% Seniors | 14.3% | 28.8% |
% WFH | 33.8% | 144.9% |
% w/ College Degree | 84.0% | -1.8% |
As of the latest ACS Survey released in 2023, Old West Austin, Austin, TX is a predominantly white area, with 81.3% of the population identifying as white. The white population has grown by 0.2% in the last 5 years. The second most common race or ethnicity in Old West Austin, Austin, TX is hispanic, making up 10.2% of the population. Foreign-born residents account for 10.0% of the population in Old West Austin, Austin, TX, and this percentage has decreased by 11.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 81.3% | 0.2% |
% Black | 1.2% | 9.1% |
% Hispanic | 10.2% | 39.7% |
% Asian | 4.9% | -45.6% |
% Foreign Born | 10.0% | -11.5% |
Mortgage and Risk — Old West Austin, Austin, TX
According to HUD data as of 2023, there were 262 mortgage originations in Old West Austin, Austin, TX, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Old West Austin, Austin, TX. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 262 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 3.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Old West Austin, Austin, TX
As of 2024, the percent of homes in Old West Austin, Austin, TX under the Section 8 program is 0.0%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Old West Austin, Austin, TX, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 7 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $510 | $1,700 | $2,210 |
| 2 Bedroom | -$340 | $2,950 | $2,610 |
| 3 Bedroom | -$1,570 | $4,900 | $3,330 |
| 4 Bedroom | -$3,640 | $7,500 | $3,860 |
Affordability — Old West Austin, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.1 |
| Median Home Price | $1,257,000 |
| Median Household Income | $145,000 |