Allandale, Austin, TX—78731
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Allandale, Austin, TX
As of Oct '25, the median home price in Allandale, Austin, TX is $980,000, with a year-over-year change of -3.7%. This indicates that home prices in Allandale, Austin, TX are decreasing. According to Zillow, the 1-year price projection is -2.1%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $980,000 | -3.7% |
| Single Family | $1,067,000 | -2.9% |
| Condos | $372,000 | -5.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $270,000 | 4.7% |
2 Bed | $417,000 | -5.7% |
3 Bed | $895,000 | -3.8% |
4 Bed | $1,264,000 | -2.9% |
| 5 Bed | $1,659,000 | -2.2% |
% of Housing Stock
Rental Trends — Allandale, Austin, TX
As of July '25, Rentcast reports the average rent in Allandale, Austin, TX is $2,770, with a year-over-year rent change of -5.1%. Per bedroom, the median rent as of July '25 in Allandale, Austin, TX is studios: $1,160, 1-bedrooms: $1,210, 2-bedrooms: $1,900, 3-bedrooms: $3,510, 4-bedrooms: $5,510. The most common rental property sizes in Allandale, Austin, TX are 2-bedroom and 1-bedroom, accounting for 43.1% and 41.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $2,770 |
| Studio Rent | $959 | $1,160 |
| 1 Bed Rent | $1,120 | $1,210 |
| 2 Bed Rent | $1,660 | $1,900 |
| 3 Bed Rent | $3,000 | $3,510 |
| 4 Bed Rent | $4,850 | $5,510 |
% of Rental Stock
Property Listings — Allandale, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Allandale, Austin, TX is 66. This is a decrease of -26.0% 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 | $1,010,000 | -3.0% |
Listing Count | 168 | 8.0% |
| Listings as % of Homes | 0.5% | 8.0% |
Days on Market | 66 | -26.0% |
Demographics — Allandale, Austin, TX
As of the latest ACS Survey released in 2023, Allandale, Austin, TX has a population of 27,100, which has remained stable by -0.1% over the past 5 years. Allandale, Austin, TX is a moderately popular place for families, as children make up 16.5% of the population. The area has a highly educated workforce, with 78.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 33.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,100 | -0.1% |
% Under 18 | 16.5% | -14.9% |
% Seniors | 18.1% | 3.4% |
% WFH | 33.0% | 137.4% |
% w/ College Degree | 78.5% | 0.5% |
As of the latest ACS Survey released in 2023, Allandale, Austin, TX is a predominantly white area, with 72.1% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Allandale, Austin, TX is hispanic, making up 14.5% of the population. Foreign-born residents account for 12.3% of the population in Allandale, Austin, TX, and this percentage has decreased by 10.2% 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 | 72.1% | -6.2% |
% Black | 1.8% | 5.9% |
% Hispanic | 14.5% | 39.4% |
% Asian | 8.4% | 1.2% |
% Foreign Born | 12.3% | -10.2% |
Mortgage and Risk — Allandale, Austin, TX
According to HUD data as of 2023, there were 416 mortgage originations in Allandale, Austin, TX, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Allandale, Austin, TX. Investor activity is low, as 1.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 416 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Allandale, Austin, TX
As of 2024, the percent of homes in Allandale, Austin, TX under the Section 8 program is 0.3%. 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 Allandale, 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 | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,120 | $1,620 |
| 2 Bedroom | $250 | $1,660 | $1,910 |
| 3 Bedroom | -$570 | $3,000 | $2,430 |
| 4 Bedroom | -$2,030 | $4,850 | $2,820 |
Affordability — Allandale, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.5 |
| Median Home Price | $980,000 |
| Median Household Income | $103,000 |