Great Hills, Austin, TX—78759
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Great Hills, Austin, TX
As of Oct '25, the median home price in Great Hills, Austin, TX is $638,000, with a year-over-year change of -6.1%. This indicates that home prices in Great Hills, 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 | $638,000 | -6.1% |
| Single Family | $691,000 | -5.3% |
| Condos | $276,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $189,000 | -9.6% |
2 Bed | $323,000 | -6.6% |
3 Bed | $581,000 | -7.5% |
4 Bed | $823,000 | -4.5% |
| 5 Bed | $1,037,000 | -3.1% |
% of Housing Stock
Rental Trends — Great Hills, Austin, TX
As of July '25, Rentcast reports the average rent in Great Hills, Austin, TX is $2,120, with a year-over-year rent change of -6.6%. Per bedroom, the median rent as of July '25 in Great Hills, Austin, TX is studios: $1,390, 1-bedrooms: $1,250, 2-bedrooms: $1,780, 3-bedrooms: $2,530, 4-bedrooms: $3,750. The most common rental property sizes in Great Hills, Austin, TX are 1-bedroom and 2-bedroom, accounting for 42.4% and 41.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,820 | $2,120 |
| Studio Rent | $1,350 | $1,390 |
| 1 Bed Rent | $1,150 | $1,250 |
| 2 Bed Rent | $1,650 | $1,780 |
| 3 Bed Rent | $2,500 | $2,530 |
| 4 Bed Rent | $3,400 | $3,750 |
% of Rental Stock
Property Listings — Great Hills, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Great Hills, Austin, TX is 73. This is a decrease of -11.0% 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $625,000 | -4.0% |
Listing Count | 145 | 14.0% |
| Listings as % of Homes | 0.2% | 14.0% |
Days on Market | 73 | -11.0% |
Demographics — Great Hills, Austin, TX
As of the latest ACS Survey released in 2023, Great Hills, Austin, TX has a population of 44,900, which has increased by 5.5% over the past 5 years. Great Hills, Austin, TX is a moderately popular place for families, as children make up 16.3% of the population. The area has a highly educated workforce, with 69.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 32.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 44,900 | 5.5% |
% Under 18 | 16.3% | -7.9% |
% Seniors | 14.8% | 2.8% |
% WFH | 32.9% | 167.5% |
% w/ College Degree | 69.1% | 1.6% |
As of the latest ACS Survey released in 2023, Great Hills, Austin, TX is a predominantly white area, with 60.0% of the population identifying as white. The white population has shrunk by 13.8% in the last 5 years. The second most common race or ethnicity in Great Hills, Austin, TX is hispanic, making up 15.4% of the population. Foreign-born residents account for 18.8% of the population in Great Hills, Austin, TX, and this percentage has increased by 22.9% 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 | 60.0% | -13.8% |
% Black | 3.8% | 5.6% |
% Hispanic | 15.4% | 17.6% |
% Asian | 13.9% | 25.2% |
% Foreign Born | 18.8% | 22.9% |
Mortgage and Risk — Great Hills, Austin, TX
According to HUD data as of 2023, there were 370 mortgage originations in Great Hills, Austin, TX, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Great Hills, Austin, TX. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 370 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Great Hills, Austin, TX
As of 2024, the percent of homes in Great Hills, 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 and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Great Hills, Austin, TX, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 45 |
Total Units Section 8 | 45 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $650 | $1,150 | $1,800 |
| 2 Bedroom | $470 | $1,650 | $2,120 |
| 3 Bedroom | $200 | $2,500 | $2,700 |
| 4 Bedroom | -$270 | $3,400 | $3,130 |
Affordability — Great Hills, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $638,000 |
| Median Household Income | $103,000 |