ZIP 78747 - 860Z200US78747 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP code 78747, located in the vibrant Austin, Texas area, understanding the local demographics and housing landscape is essential. This 2023 snapshot provides a clear, data-driven look at the population, income levels, housing costs, and cultural diversity of this dynamic region. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions tailored to your goals.

Population & Households

ZIP 78747 is home to a thriving community of 21,757 residents as of 2023. This population is spread across 8,600 households, reflecting a mix of families, professionals, and individuals drawn to the area’s growth and opportunities. With 8,860 total housing units, the area shows a slight surplus of available homes, which could indicate potential for buyers or renters seeking options in this market. The balance between population and housing units suggests a community that’s growing but not overcrowded, offering a comfortable density for residents and businesses alike.

Income & Housing Costs

The median household income in ZIP 78747 stands at $86,456, signaling a financially stable community with solid earning potential. This income level supports a robust local economy, making it an attractive spot for small businesses and service providers. On the housing front, the median home value is $395,500, reflecting a competitive yet accessible real estate market for buyers with moderate to high budgets. For renters, the median monthly rent is $1,776, which aligns with the area’s income levels but may require careful budgeting for some households. These figures highlight a market where both owning and renting come with significant but manageable costs.

Race & Ethnicity

ZIP 78747 boasts a diverse cultural makeup that enriches the community’s character. The racial and ethnic composition includes 51.33% Hispanic, 34.21% White, 7.47% Black, and 3.4% Asian residents, among others. This diversity creates a welcoming environment for people from various backgrounds, fostering a multicultural atmosphere that can benefit businesses catering to varied customer bases. For families and individuals, this mix offers a chance to engage with a broad range of traditions, perspectives, and community events, making 78747 a uniquely inclusive place to live or work.

Key Facts

• Total population: 21,757 residents, indicating a mid-sized community with room for growth.
• Total households: 8,600, reflecting a strong base of local families and individuals.
• Total housing units: 8,860, suggesting a small surplus of available properties.
• Median household income: $86,456, pointing to a financially stable population.
• Median home value: $395,500, positioning the area as a competitive real estate market.
• Median rent: $1,776 per month, indicating a significant but typical cost for renters.
• Diversity: Over 51% Hispanic, with notable White, Black, and Asian populations, showcasing cultural richness.

What This Means for You

For homebuyers, ZIP 78747 offers a promising market with a median home value of $395,500, ideal for those with a moderate to high budget looking to invest in a growing area. The slight surplus of housing units (8,860 vs. 8,600 households) could mean more negotiating power or options to choose from. Investors and real estate agents will find opportunity in this stable market, where a median household income of $86,456 supports consistent demand for both rentals and purchases—especially with rents averaging $1,776 monthly. Small-business owners can capitalize on the diverse population of over 21,000 and a strong local economy, tailoring offerings to a multicultural customer base with solid purchasing power. Analysts can use these metrics to track growth trends in the Austin area, noting the balance of income, housing costs, and diversity as indicators of long-term potential.

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