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North Burnet, Austin, TX—78758

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$358,000
9.7% YoY Growth
Household Income
$69,000
28.9% YoY Growth
Days on Market
75
10.0% Longer YoY
Home Price Forecast
-2.1%
Median Rent
$1,540
9.7% YoY Growth
1-Bed Rent
$1,020
14.4% YoY Growth
2-Bed Rent
$1,500
9.5% YoY Growth
3-Bed Rent
$2,000
4.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — North Burnet, Austin, TX

As of Dec '25, the median home price in North Burnet, Austin, TX is $358,000, with a year-over-year change of -9.7%. This indicates that home prices in North Burnet, 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 TypeMedian Home ValueYoY % Change
All Homes
$358,000-9.7%
Single Family $379,000-10.2%
Condos $224,000-7.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $155,000
    -13.9%
    2 Bed
    		$248,000-9.8%
    3 Bed
    		$380,000-10.6%
    4 Bed
    		$467,000-8.3%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    6.6%
    1 Bedroom
    37.2%
    2 Bedrooms
    27.2%
    3 Bedrooms
    21.7%
    4 Bedrooms
    6.8%
    5+ Bedrooms
    0.5%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    9.1%
    1 Bedroom
    49.2%
    2 Bedrooms
    30.0%
    3 Bedrooms
    10.3%
    4 Bedrooms
    1.4%
    5+ Bedrooms
    0.1%

    Property Listings — North Burnet, Austin, TX

    As of Dec '25, Realtor.com reports that the median days on market for a home in North Burnet, Austin, TX is 79. 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$340,000-16.0%
    Listing Count
    		1163.0%
    Listings as % of Homes0.2%3.0%
    Days on Market
    		7510.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		50,6006.6%
    % Under 18
    		20.9%-1.4%
    % Seniors
    		8.0%9.6%
    % WFH
    		22.5%268.9%
    % w/ College Degree
    		45.6%23.9%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio6.3
    Median Home Price$358,000
    Median Household Income$69,000

    North Burnet, Austin, TX — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    78753

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    Frequently Asked Questions