Southpark Meadows, Austin, TX—78748
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Southpark Meadows, Austin, TX
As of Nov '25, the median home price in Southpark Meadows, Austin, TX is $405,000, with a year-over-year change of -7.0%. This indicates that home prices in Southpark Meadows, 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 | $405,000 | -7.0% |
| Single Family | $413,000 | -7.0% |
| Condos | $368,000 | -5.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $309,000 | -10.2% |
3 Bed | $390,000 | -7.1% |
4 Bed | $465,000 | -5.5% |
| 5 Bed | $571,825 | -6.1% |
% of Housing Stock
Rental Trends — Southpark Meadows, Austin, TX
As of July '25, Rentcast reports the average rent in Southpark Meadows, Austin, TX is $2,060, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in Southpark Meadows, Austin, TX is studios: $1,160, 1-bedrooms: $1,120, 2-bedrooms: $1,610, 3-bedrooms: $2,300, 4-bedrooms: $2,670. The most common rental property sizes in Southpark Meadows, Austin, TX are 2-bedroom and 1-bedroom, accounting for 41.2% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,060 |
| Studio Rent | $1,100 | $1,160 |
| 1 Bed Rent | $1,050 | $1,120 |
| 2 Bed Rent | $1,600 | $1,610 |
| 3 Bed Rent | $2,280 | $2,300 |
| 4 Bed Rent | $2,650 | $2,670 |
% of Rental Stock
Property Listings — Southpark Meadows, Austin, TX
As of Nov '25, Realtor.com reports that the median days on market for a home in Southpark Meadows, Austin, TX is 76. This is a increase of 4.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $418,000 | -9.0% |
Listing Count | 186 | 3.0% |
| Listings as % of Homes | 0.4% | 3.0% |
Days on Market | 76 | 4.0% |
Demographics — Southpark Meadows, Austin, TX
As of the latest ACS Survey released in 2023, Southpark Meadows, Austin, TX has a population of 54,900, which has increased by 7.7% over the past 5 years. Southpark Meadows, Austin, TX is a moderately popular place for families, as children make up 19.5% of the population. The area has a highly educated workforce, with 56.3% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,900 | 7.7% |
% Under 18 | 19.5% | -12.2% |
% Seniors | 11.3% | 29.9% |
% WFH | 30.8% | 413.3% |
% w/ College Degree | 56.3% | 25.7% |
As of the latest ACS Survey released in 2023, Southpark Meadows, Austin, TX is a predominantly white area, with 48.9% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Southpark Meadows, Austin, TX is hispanic, making up 34.9% of the population. Foreign-born residents account for 9.9% of the population in Southpark Meadows, Austin, TX, and this percentage has decreased by 14.7% 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 | 48.9% | -1.8% |
% Black | 5.6% | -11.1% |
% Hispanic | 34.9% | -3.6% |
% Asian | 5.8% | 20.8% |
% Foreign Born | 9.9% | -14.7% |
Mortgage and Risk — Southpark Meadows, Austin, TX
According to HUD data as of 2023, there were 596 mortgage originations in Southpark Meadows, Austin, TX, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Southpark Meadows, Austin, TX. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 596 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Rentals and Section 8 — Southpark Meadows, Austin, TX
As of 2024, the percent of homes in Southpark Meadows, Austin, TX under the Section 8 program is 2.2%. 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 Southpark Meadows, 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 | 232 |
Total Units Section 8 | 226 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $740 | $1,050 | $1,790 |
| 2 Bedroom | $510 | $1,600 | $2,110 |
| 3 Bedroom | $410 | $2,280 | $2,690 |
| 4 Bedroom | $470 | $2,650 | $3,120 |
Affordability — Southpark Meadows, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $405,000 |
| Median Household Income | $108,000 |