South Austin, Austin, TX78745

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$416,000
7.8% YoY Growth
Median Household Income
$84,500
35.8% 5-Year Growth
Days on Market
75
24.0% Longer than last year
Home Price Forecast
-2.7%
Median Rent
$1,800
5.3% YoY Growth
1-Bed Rent
$1,220
10.8% YoY Growth
2-Bed Rent
$1,600
3.4% YoY Growth
3-Bed Rent
$2,400
0.4% YoY Growth

Other Zip Codes in South Austin, Austin, TX

Property Listings — South Austin, Austin, TX

As of Oct '25, Realtor.com reports that the median days on market for a home in South Austin, Austin, TX is 75. 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.

MetricZip Code AverageYear over Year % Change
Median Listing Price
$482,000-5.0%
Listing Count
36821.0%
Listings as % of Homes0.5%21.0%
Days on Market
7524.0%
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Demographics — South Austin, Austin, TX

As of the latest ACS Survey released in 2023, South Austin, Austin, TX has a population of 61,100, which has decreased by -2.6% over the past 5 years. South Austin, Austin, TX is a moderately popular place for families, as children make up 15.0% of the population. The area has a highly educated workforce, with 53.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.3% reporting working from home.

MetricLatest CensusYoY % Change
Population
61,100-2.6%
% Under 18
15.0%-10.2%
% Seniors
13.5%29.8%
% WFH
26.3%331.1%
% w/ College Degree
53.9%35.1%
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As of the latest ACS Survey released in 2023, South Austin, Austin, TX is a predominantly white area, with 54.1% of the population identifying as white. The white population has grown by 8.4% in the last 5 years. The second most common race or ethnicity in South Austin, Austin, TX is hispanic, making up 35.2% of the population. Foreign-born residents account for 11.4% of the population in South Austin, Austin, TX, and this percentage has decreased by 17.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

MetricLatest Census5-Year % Change
% White
54.1%8.4%
% Black
3.7%-24.5%
% Hispanic
35.2%-13.3%
% Asian
3.5%34.6%
% Foreign Born
11.4%-17.4%
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Mortgage and Risk — South Austin, Austin, TX

According to HUD data as of 2023, there were 554 mortgage originations in South Austin, Austin, TX, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in South Austin, Austin, TX. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

MetricZip Code Average
Total Loan Originations
554
% Conventional Loans
93.0%
% Government Loans
7.0%
% Investor Loans
2.0%
% Second Loans
0.0%
% Cash Out Refinance
9.0%

Loan Activity

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Rentals and Section 8 — South Austin, Austin, TX

As of 2024, the percent of homes in South Austin, Austin, TX under the Section 8 program is 4.1%. 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 South Austin, 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
635
Total Units Section 8
624
% Rentals under Section 8
4.1%
% Occupied Section 8
85.6%

Section 8 Opportunity

Home SizeHUD PremiumMarket RentMax HUD Rent
1 Bedroom$480$1,220$1,700
2 Bedroom$410$1,600$2,010
3 Bedroom$160$2,400$2,560
4 Bedroom$120$2,850$2,970

Affordability — South Austin, Austin, TX

Home Price to Income Ratio

MetricZip Code Average
Home Price to Income Ratio5.9
Median Home Price$416,000
Median Household Income$84,500

South Austin, Austin, TX — ZIP Code Boundary Map

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Frequently Asked Questions