ZIP 78724 - 860Z200US78724 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 78724 in Austin, Texas, for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. This snapshot provides a clear, data-driven look at the area’s population, income levels, housing metrics, and cultural composition based on the latest 2023 figures. Whether you’re a homebuyer seeking affordability, an investor eyeing growth potential, or a small-business owner scouting a location, these insights will help you make informed decisions about 78724.

Population & Households

ZIP code 78724 is home to a vibrant community of 29,326 residents as of 2023. This population is spread across 9,491 households, indicating a mix of family and individual living arrangements. With 9,696 total housing units in the area, there’s a slight surplus of homes compared to households, which could suggest availability for new residents or investors looking to enter the market. This balance offers a glimpse into the community’s capacity to accommodate growth, making 78724 a noteworthy area for those monitoring population trends.

Income & Housing Costs

The median household income in ZIP 78724 stands at $76,906, reflecting a solid economic foundation for many residents. This income level supports a housing market where the median house value is $295,400—a figure that positions 78724 as a relatively accessible entry point into the Austin area, known for its competitive real estate. For renters, the median rent is $1,454 per month, which aligns with the income levels but may require careful budgeting for some households. These metrics highlight 78724 as a practical option for buyers seeking value and renters looking for manageable costs in a growing region.

Race & Ethnicity

The cultural fabric of ZIP 78724 is notably diverse, with a significant Hispanic population at 62.57% of residents. This is complemented by smaller but meaningful shares of Black (15.45%), White (15.27%), and Asian (2.6%) communities. This diversity shapes the area’s social environment, offering a rich blend of perspectives and traditions. For businesses and investors, this mix can translate into varied customer bases and opportunities to cater to unique cultural needs, while homebuyers may appreciate the inclusive community atmosphere.

Key Facts

• Total population in ZIP 78724: 29,326 residents as of 2023.
• Total households: 9,491, supporting a mix of family and solo living.
• Total housing units: 9,696, indicating slight availability for new occupants.
• Median household income: $76,906, suggesting economic stability.
• Median house value: $295,400, offering value in the Austin market.
• Median rent: $1,454, a notable but manageable cost for many.
• Dominant ethnicity: Hispanic at 62.57%, with diverse representation across other groups.

What This Means for You

For homebuyers, ZIP 78724 presents an opportunity to enter the Austin housing market at a median value of $295,400, which is competitive for the region. The income levels support a stable community, and the slight surplus of housing units could mean less competition for available properties. Investors and real estate agents will find potential in this balance of supply and demand, especially given the area’s growth trajectory and diverse population, which could drive future appreciation. Small-business owners can leverage the cultural diversity and solid median income of $76,906 to target a wide range of customers, particularly within the dominant Hispanic community, by offering tailored products or services. Analysts tracking demographic trends will note 78724’s blend of affordability and diversity as indicators of a dynamic, evolving market worth watching.

Run This Study Yourself

Want to dive deeper into ZIP 78724 or explore another area’s demographics and housing data? Follow these steps to uncover actionable insights:

• Visit ZipcodeGPT to access a powerful tool for ZIP code analysis.
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• Use the data to inform your homebuying, investment, or business decisions with confidence.