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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −9.2% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −9.2% YoY, is the number to watch.
The median listing price is down 9.2% YoY while the median home got down 2.4% bigger, so value per square foot is down 6.3%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $499K purchase rents for $2,100/mo: 0.42% of price per month against the 1% rule's 1.00%.
Not shown: Studio (rent only, no matching sale price), 6 BR (sale only, no matching rent), 7 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 43 days longer to go under contract than rentals (median across 4 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented).
U.S. Census ACS characteristics for ZIP 78723 itself, not its parent county.
Renters hold 51.4% of this ZIP's 16,669 occupied households, on a median household income of $100K.
| Measure | ZIP 78723 | Travis County | Difference |
|---|---|---|---|
| Median Household Income | $100K | $100K | +$718 |
| Below Poverty Level | 12.3% | 10.9% | +1.4% |
| Median Age | 34.80 | 35.60 | -0.80 |
| Total Population | 38,129 | 1,330,015 | -- |
| Avg Household Size | 2.27 | 2.23 | +0.04 |
| Owner-Occupied | 48.6% | 52.1% | -3.5% |
| Worked From Home | 31.9% | 30.2% | +1.7% |
| Mean Commute | 26.10 | 25.20 | +0.90 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 1.7% to 1,330,015: residents under 18 are up 0.2% and those 65 and over are up 4.6%.
County median household income is $100K, 10.9% of residents are below the poverty level, 30.2% work from home.