Wells Branch, Austin, TX—78728
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wells Branch, Austin, TX
As of Oct '25, the median home price in Wells Branch, Austin, TX is $403,000, with a year-over-year change of -6.3%. This indicates that home prices in Wells Branch, Austin, TX are decreasing. According to Zillow, the 1-year price projection is -2.5%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $403,000 | -6.3% |
| Single Family | $402,000 | -6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $302,000 | -7.4% |
3 Bed | $393,000 | -6.9% |
4 Bed | $454,000 | -4.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Wells Branch, Austin, TX
As of July '25, Rentcast reports the average rent in Wells Branch, Austin, TX is $1,960, with a year-over-year rent change of -12.5%. Per bedroom, the median rent as of July '25 in Wells Branch, Austin, TX is studios: $1,360, 1-bedrooms: $1,130, 2-bedrooms: $1,480, 3-bedrooms: $2,190, 4-bedrooms: $2,390. The most common rental property sizes in Wells Branch, Austin, TX are 1-bedroom and 2-bedroom, accounting for 42.5% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $1,960 |
| Studio Rent | $1,200 | $1,360 |
| 1 Bed Rent | $1,060 | $1,130 |
| 2 Bed Rent | $1,450 | $1,480 |
| 3 Bed Rent | $2,200 | $2,190 |
| 4 Bed Rent | $2,400 | $2,390 |
% of Rental Stock
Property Listings — Wells Branch, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Wells Branch, Austin, TX is 64. This is a increase of 17.0% 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 | $432,000 | -4.0% |
Listing Count | 48 | 19.0% |
| Listings as % of Homes | 0.2% | 19.0% |
Days on Market | 64 | 17.0% |
Demographics — Wells Branch, Austin, TX
As of the latest ACS Survey released in 2023, Wells Branch, Austin, TX has a population of 26,800, which has increased by 24.7% over the past 5 years. Wells Branch, Austin, TX is a moderately popular place for families, as children make up 19.7% of the population. The area has a highly educated workforce, with 48.0% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,800 | 24.7% |
% Under 18 | 19.7% | -9.6% |
% Seniors | 6.6% | -29.0% |
% WFH | 28.0% | 214.6% |
% w/ College Degree | 48.0% | 12.4% |
As of the latest ACS Survey released in 2023, Wells Branch, Austin, TX is a predominantly white area, with 38.7% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Wells Branch, Austin, TX is hispanic, making up 27.9% of the population. Foreign-born residents account for 22.8% of the population in Wells Branch, Austin, TX, and this percentage has increased by 16.3% 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 | 38.7% | -6.5% |
% Black | 18.1% | 15.3% |
% Hispanic | 27.9% | -10.6% |
% Asian | 10.7% | 16.3% |
% Foreign Born | 22.8% | 16.3% |
Mortgage and Risk — Wells Branch, Austin, TX
According to HUD data as of 2023, there were 183 mortgage originations in Wells Branch, Austin, TX, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Wells Branch, Austin, TX. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 183 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Wells Branch, Austin, TX
As of 2024, the percent of homes in Wells Branch, Austin, TX under the Section 8 program is 3.2%. 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 Wells Branch, 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 | 370 |
Total Units Section 8 | 370 |
% Rentals under Section 8 | 3.2% |
% Occupied Section 8 | 82.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,060 | $1,520 |
| 2 Bedroom | $350 | $1,450 | $1,800 |
| 3 Bedroom | $90 | $2,200 | $2,290 |
| 4 Bedroom | $260 | $2,400 | $2,660 |
Affordability — Wells Branch, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $403,000 |
| Median Household Income | $74,000 |