Milwood, Austin, TX—78727
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Milwood, Austin, TX
As of Oct '25, the median home price in Milwood, Austin, TX is $446,000, with a year-over-year change of -6.6%. This indicates that home prices in Milwood, Austin, TX are decreasing. According to Zillow, the 1-year price projection is -2.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $446,000 | -6.6% |
| Single Family | $459,000 | -6.7% |
| Condos | $303,000 | -7.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $297,000 | -9.5% |
3 Bed | $435,000 | -7.1% |
4 Bed | $534,000 | -6.3% |
| 5 Bed | $641,000 | -6.0% |
% of Housing Stock
Rental Trends — Milwood, Austin, TX
As of July '25, Rentcast reports the average rent in Milwood, Austin, TX is $2,050, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Milwood, Austin, TX is studios: $1,370, 1-bedrooms: $1,180, 2-bedrooms: $1,750, 3-bedrooms: $2,270, 4-bedrooms: $2,530. The most common rental property sizes in Milwood, Austin, TX are 2-bedroom and 1-bedroom, accounting for 37.3% and 36.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,050 |
| Studio Rent | $1,370 | $1,370 |
| 1 Bed Rent | $1,200 | $1,180 |
| 2 Bed Rent | $1,700 | $1,750 |
| 3 Bed Rent | $2,200 | $2,270 |
| 4 Bed Rent | $2,450 | $2,530 |
% of Rental Stock
Property Listings — Milwood, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Milwood, Austin, TX is 87. This is a increase of 24.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $472,000 | -6.0% |
Listing Count | 90 | 38.0% |
| Listings as % of Homes | 0.3% | 38.0% |
Days on Market | 87 | 24.0% |
Demographics — Milwood, Austin, TX
As of the latest ACS Survey released in 2023, Milwood, Austin, TX has a population of 30,900, which has increased by 4.7% over the past 5 years. Milwood, Austin, TX is a moderately popular place for families, as children make up 18.4% of the population. The area has a highly educated workforce, with 62.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,900 | 4.7% |
% Under 18 | 18.4% | 4.0% |
% Seniors | 10.5% | 7.1% |
% WFH | 31.5% | 262.1% |
% w/ College Degree | 62.9% | 7.9% |
As of the latest ACS Survey released in 2023, Milwood, Austin, TX is a predominantly white area, with 49.4% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Milwood, Austin, TX is asian, making up 19.1% of the population. Foreign-born residents account for 21.6% of the population in Milwood, Austin, TX, and this percentage has decreased by 7.7% 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 | 49.4% | -5.0% |
% Black | 8.0% | 23.1% |
% Hispanic | 18.8% | 2.2% |
% Asian | 19.1% | -0.5% |
% Foreign Born | 21.6% | -7.7% |
Mortgage and Risk — Milwood, Austin, TX
According to HUD data as of 2023, there were 266 mortgage originations in Milwood, Austin, TX, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Milwood, 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 | 266 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Milwood, Austin, TX
As of 2024, the percent of homes in Milwood, Austin, TX under the Section 8 program is 1.6%. 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. In Milwood, Austin, TX, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 119 |
Total Units Section 8 | 119 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $640 | $1,200 | $1,840 |
| 2 Bedroom | $470 | $1,700 | $2,170 |
| 3 Bedroom | $570 | $2,200 | $2,770 |
| 4 Bedroom | $760 | $2,450 | $3,210 |
Affordability — Milwood, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.8 |
| Median Home Price | $446,000 |
| Median Household Income | $107,000 |