Northwest Austin, Austin, TX—78750
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Northwest Austin, Austin, TX
As of Oct '25, the median home price in Northwest Austin, Austin, TX is $584,000, with a year-over-year change of -4.5%. This indicates that home prices in Northwest Austin, Austin, TX are decreasing. According to Zillow, the 1-year price projection is -2.3%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $584,000 | -4.5% |
| Single Family | $668,000 | -3.7% |
| Condos | $309,000 | -3.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $256,000 | -8.9% |
3 Bed | $431,000 | -7.1% |
4 Bed | $791,000 | -3.3% |
| 5 Bed | $1,024,000 | -2.2% |
% of Housing Stock
Rental Trends — Northwest Austin, Austin, TX
As of July '25, Rentcast reports the average rent in Northwest Austin, Austin, TX is $2,310, with a year-over-year rent change of 2.2%. Per bedroom, the median rent as of July '25 in Northwest Austin, Austin, TX is studios: $1,300, 1-bedrooms: $1,000, 2-bedrooms: $1,510, 3-bedrooms: $2,280, 4-bedrooms: $3,180. The most common rental property sizes in Northwest Austin, Austin, TX are 1-bedroom and 2-bedroom, accounting for 31.9% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,310 |
| Studio Rent | $1,410 | $1,300 |
| 1 Bed Rent | $1,000 | $1,000 |
| 2 Bed Rent | $1,300 | $1,510 |
| 3 Bed Rent | $2,150 | $2,280 |
| 4 Bed Rent | $3,150 | $3,180 |
% of Rental Stock
Property Listings — Northwest Austin, Austin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Northwest Austin, Austin, TX is 76. This is a decrease of -5.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $505,000 | -6.0% |
Listing Count | 113 | 20.0% |
| Listings as % of Homes | 0.3% | 20.0% |
Days on Market | 76 | -5.0% |
Demographics — Northwest Austin, Austin, TX
As of the latest ACS Survey released in 2023, Northwest Austin, Austin, TX has a population of 29,300, which has decreased by -4.9% over the past 5 years. Northwest Austin, Austin, TX is a moderately popular place for families, as children make up 22.0% of the population. The area has a highly educated workforce, with 63.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,300 | -4.9% |
% Under 18 | 22.0% | -6.0% |
% Seniors | 15.8% | 13.7% |
% WFH | 26.5% | 223.2% |
% w/ College Degree | 63.2% | 6.9% |
As of the latest ACS Survey released in 2023, Northwest Austin, Austin, TX is a predominantly white area, with 56.9% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Northwest Austin, Austin, TX is hispanic, making up 18.3% of the population. Foreign-born residents account for 14.8% of the population in Northwest Austin, Austin, TX, and this percentage has decreased by 16.9% 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 | 56.9% | -6.3% |
% Black | 5.7% | 35.7% |
% Hispanic | 18.3% | 21.2% |
% Asian | 12.7% | -16.4% |
% Foreign Born | 14.8% | -16.9% |
Mortgage and Risk — Northwest Austin, Austin, TX
According to HUD data as of 2023, there were 314 mortgage originations in Northwest Austin, Austin, TX, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Northwest Austin, Austin, TX. Investor activity is low, as 3.0% 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 | 314 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Northwest Austin, Austin, TX
As of 2024, the percent of homes in Northwest Austin, 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. In Northwest 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 | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | 81.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $890 | $1,000 | $1,890 |
| 2 Bedroom | $930 | $1,300 | $2,230 |
| 3 Bedroom | $690 | $2,150 | $2,840 |
| 4 Bedroom | $150 | $3,150 | $3,300 |
Affordability — Northwest Austin, Austin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $584,000 |
| Median Household Income | $124,000 |