Riverside, Austin, TX—78741
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Riverside, Austin, TX
As of Oct '25, the median home price in Riverside, Austin, TX is $330,000, with a year-over-year change of -10.3%. This indicates that home prices in Riverside, Austin, TX are decreasing. According to Zillow, the 1-year price projection is -2.6%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $330,000 | -10.3% |
| Single Family | $367,000 | -10.5% |
| Condos | $258,000 | -10.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $186,000 | -7.9% |
2 Bed | $291,000 | -11.6% |
3 Bed | $406,000 | -9.4% |
4 Bed | $438,000 | -10.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Riverside, Austin, TX
As of July '25, Rentcast reports the average rent in Riverside, Austin, TX is $1,630, with a year-over-year rent change of -16.8%. Per bedroom, the median rent as of July '25 in Riverside, Austin, TX is studios: $951, 1-bedrooms: $1,060, 2-bedrooms: $1,610, 3-bedrooms: $2,460, 4-bedrooms: $3,010. The most common rental property sizes in Riverside, Austin, TX are 2-bedroom and 1-bedroom, accounting for 34.7% and 33.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,370 | $1,630 |
| Studio Rent | $873 | $951 |
| 1 Bed Rent | $998 | $1,060 |
| 2 Bed Rent | $1,450 | $1,610 |
| 3 Bed Rent | $2,400 | $2,460 |
| 4 Bed Rent | $2,500 | $3,010 |
% of Rental Stock
Property Listings — Riverside, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Riverside, Austin, TX is 65. This is a decrease of -2.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $379,000 | -8.0% |
Listing Count | 142 | 11.0% |
| Listings as % of Homes | 0.2% | 11.0% |
Days on Market | 65 | -2.0% |
Demographics — Riverside, Austin, TX
As of the latest ACS Survey released in 2023, Riverside, Austin, TX has a population of 45,300, which has decreased by -14.1% over the past 5 years. Riverside, Austin, TX is a less popular place for families, as children make up 14.5% of the population. The area has a highly educated workforce, with 48.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,300 | -14.1% |
% Under 18 | 14.5% | -20.8% |
% Seniors | 4.1% | -6.8% |
% WFH | 18.5% | 311.1% |
% w/ College Degree | 48.6% | 50.5% |
As of the latest ACS Survey released in 2023, Riverside, Austin, TX is a predominantly hispanic area, with 49.1% of the population identifying as hispanic. The hispanic population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Riverside, Austin, TX is white, making up 34.8% of the population. Foreign-born residents account for 22.8% of the population in Riverside, Austin, TX, and this percentage has decreased by 0.4% 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 | 34.8% | 19.6% |
% Black | 8.7% | -31.0% |
% Hispanic | 49.1% | -6.7% |
% Asian | 4.3% | 4.9% |
% Foreign Born | 22.8% | -0.4% |
Mortgage and Risk — Riverside, Austin, TX
According to HUD data as of 2023, there were 140 mortgage originations in Riverside, Austin, TX, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Riverside, Austin, TX. Investor activity is low, as 6.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 140 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Riverside, Austin, TX
As of 2024, the percent of homes in Riverside, Austin, TX under the Section 8 program is 4.3%. 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 and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Riverside, Austin, TX, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 760 |
Total Units Section 8 | 754 |
% Rentals under Section 8 | 4.3% |
% Occupied Section 8 | 85.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $552 | $998 | $1,550 |
| 2 Bedroom | $380 | $1,450 | $1,830 |
| 3 Bedroom | -$70 | $2,400 | $2,330 |
| 4 Bedroom | $210 | $2,500 | $2,710 |
Affordability — Riverside, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $330,000 |
| Median Household Income | $66,400 |