North Burnet, Austin, TX—78758
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Burnet, Austin, TX
As of Oct '25, the median home price in North Burnet, Austin, TX is $364,000, with a year-over-year change of -9.3%. This indicates that home prices in North Burnet, Austin, TX are decreasing. According to Zillow, the 1-year price projection is -2.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $364,000 | -9.3% |
| Single Family | $385,000 | -10.0% |
| Condos | $229,000 | -7.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $158,000 | -13.7% |
2 Bed | $254,000 | -9.9% |
3 Bed | $387,000 | -10.2% |
4 Bed | $477,000 | -8.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — North Burnet, Austin, TX
As of July '25, Rentcast reports the average rent in North Burnet, Austin, TX is $1,680, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in North Burnet, Austin, TX is studios: $1,200, 1-bedrooms: $1,250, 2-bedrooms: $1,620, 3-bedrooms: $2,080, 4-bedrooms: $2,620. The most common rental property sizes in North Burnet, Austin, TX are 1-bedroom and 2-bedroom, accounting for 49.2% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $1,680 |
| Studio Rent | $1,190 | $1,200 |
| 1 Bed Rent | $1,020 | $1,250 |
| 2 Bed Rent | $1,500 | $1,620 |
| 3 Bed Rent | $2,000 | $2,080 |
| 4 Bed Rent | $2,450 | $2,620 |
% of Rental Stock
Property Listings — North Burnet, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in North Burnet, Austin, TX is 93. This is a increase of 15.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $397,000 | -11.0% |
Listing Count | 134 | 16.0% |
| Listings as % of Homes | 0.2% | 16.0% |
Days on Market | 93 | 15.0% |
Demographics — North Burnet, Austin, TX
As of the latest ACS Survey released in 2023, North Burnet, Austin, TX has a population of 50,600, which has increased by 6.6% over the past 5 years. North Burnet, Austin, TX is a moderately popular place for families, as children make up 20.9% of the population. The area has a highly educated workforce, with 45.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,600 | 6.6% |
% Under 18 | 20.9% | -1.4% |
% Seniors | 8.0% | 9.6% |
% WFH | 22.5% | 268.9% |
% w/ College Degree | 45.6% | 23.9% |
As of the latest ACS Survey released in 2023, North Burnet, Austin, TX is a predominantly hispanic area, with 48.2% of the population identifying as hispanic. The hispanic population has grown by 2.1% in the last 5 years. The second most common race or ethnicity in North Burnet, Austin, TX is white, making up 33.5% of the population. Foreign-born residents account for 26.9% of the population in North Burnet, Austin, TX, and this percentage has increased by 4.3% 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 | 33.5% | -9.5% |
% Black | 8.9% | 12.7% |
% Hispanic | 48.2% | 2.1% |
% Asian | 7.3% | 19.7% |
% Foreign Born | 26.9% | 4.3% |
Mortgage and Risk — North Burnet, Austin, TX
According to HUD data as of 2023, there were 281 mortgage originations in North Burnet, Austin, TX, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 72.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in North Burnet, Austin, TX. Investor activity is low, as 6.0% 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 | 281 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 6.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — North Burnet, Austin, TX
As of 2024, the percent of homes in North Burnet, Austin, TX under the Section 8 program is 3.1%. 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 North Burnet, 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 | 588 |
Total Units Section 8 | 588 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 88.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $620 | $1,020 | $1,640 |
| 2 Bedroom | $440 | $1,500 | $1,940 |
| 3 Bedroom | $470 | $2,000 | $2,470 |
| 4 Bedroom | $420 | $2,450 | $2,870 |
Affordability — North Burnet, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $364,000 |
| Median Household Income | $69,000 |