Cherrywood, Austin, TX—78722
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cherrywood, Austin, TX
As of Oct '25, the median home price in Cherrywood, Austin, TX is $573,000, with a year-over-year change of -5.1%. This indicates that home prices in Cherrywood, Austin, TX are decreasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $573,000 | -5.2% |
| Single Family | $594,000 | -5.0% |
| Condos | $343,000 | -5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $497,000 | -6.8% |
3 Bed | $662,000 | -5.2% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cherrywood, Austin, TX
As of July '25, Rentcast reports the average rent in Cherrywood, Austin, TX is $1,870, with a year-over-year rent change of -17.3%. Per bedroom, the median rent as of July '25 in Cherrywood, Austin, TX is studios: $941, 1-bedrooms: $1,410, 2-bedrooms: $1,890, 3-bedrooms: $3,180, 4-bedrooms: $4,420. The most common rental property sizes in Cherrywood, Austin, TX are 1-bedroom and 2-bedroom, accounting for 35.7% and 32.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,870 |
| Studio Rent | $874 | $941 |
| 1 Bed Rent | $1,290 | $1,410 |
| 2 Bed Rent | $1,700 | $1,890 |
| 3 Bed Rent | $3,000 | $3,180 |
| 4 Bed Rent | $3,300 | $4,420 |
% of Rental Stock
Property Listings — Cherrywood, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Cherrywood, Austin, TX is 103. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $534,000 | -15.0% |
Listing Count | 42 | -6.0% |
| Listings as % of Homes | 0.5% | -6.0% |
Days on Market | 103 | 25.0% |
Demographics — Cherrywood, Austin, TX
As of the latest ACS Survey released in 2023, Cherrywood, Austin, TX has a population of 6,580, which has decreased by -7.5% over the past 5 years. Cherrywood, Austin, TX is a less popular place for families, as children make up 14.6% of the population. The area has a highly educated workforce, with 68.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 37.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,580 | -7.5% |
% Under 18 | 14.6% | 4.3% |
% Seniors | 11.5% | 21.1% |
% WFH | 37.6% | 279.8% |
% w/ College Degree | 68.7% | -0.9% |
As of the latest ACS Survey released in 2023, Cherrywood, Austin, TX is a predominantly white area, with 59.2% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Cherrywood, Austin, TX is hispanic, making up 26.2% of the population. Foreign-born residents account for 9.9% of the population in Cherrywood, Austin, TX, and this percentage has increased by 57.1% 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 | 59.2% | -12.8% |
% Black | 8.5% | -28.0% |
% Hispanic | 26.2% | 103.1% |
% Asian | 2.9% | 38.1% |
% Foreign Born | 9.9% | 57.1% |
Mortgage and Risk — Cherrywood, Austin, TX
According to HUD data as of 2023, there were 44 mortgage originations in Cherrywood, Austin, TX, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Cherrywood, Austin, TX. Investor activity is low, as 5.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 44 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Cherrywood, Austin, TX
As of 2024, the percent of homes in Cherrywood, Austin, TX under the Section 8 program is 2.9%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Cherrywood, Austin, TX, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 38 |
Total Units Section 8 | 38 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,290 | $1,790 |
| 2 Bedroom | $410 | $1,700 | $2,110 |
| 3 Bedroom | -$310 | $3,000 | $2,690 |
| 4 Bedroom | -$180 | $3,300 | $3,120 |
Affordability — Cherrywood, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.6 |
| Median Home Price | $573,000 |
| Median Household Income | $101,000 |