Real Estate Investing in Austin, Texas (78724)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78724 (Austin, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- Declining values: -2.2% 5-year CAGR — values have moved lower.
What’s happening in Austin, TX (78724)?
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Market Analysis: 78724 Austin
Investors eyeing 78724 need to respect the fundamentals at play. Home values of $316K come alongside slower price movement and elevated management overhead.
Turning to rents, the numbers look inviting — $316K purchase price, 0.0% nominal cap — the work to hit that pro forma in 78724 is substantial and deserves full respect.
Regionally, 78724 sits on the difficult end of the TX spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Demographically, 78724 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 78724 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Austin:
Property Strategy for 78724
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $259,389 | $1,760 | 4.9% | +1.3% | $129,695 |
| 3BR | $321,424 | $2,240 | 5.0% | +4.5% | $107,141 |
| 4BR | $359,931 | $2,600 | 5.2% | +4.8% | $89,983 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78724 Compare?
| Metric | 78724 | Austin | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $316,113 | $561,613 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $1,643 | $1,810 | N/A | - |
| Cap Rate | 4.1% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78724 (Austin, TX). Anonymous, moderated, never written by AI.
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Property managers serving Travis County
Manage rentals here? List your business →512-Society Property Management provides single-family and multi-family property management services across North Austin and Round Rock since 2005. summary from their website
Darwin Homes offers tech-driven property management services, making renting easy with 24/7 support, smart locks for viewings, and assistance with moving and utility setup. summary from their website
Guest Haus Property Management offers Airbnb and vacation rental management services in Austin. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $316,113 |
| Monthly Rent | $1,643 |
| Price-to-Rent | 16.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.1% |
| 5-Year IRR | 1.8% |
📈 Home Appreciation
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | -5.1% ▼ |
| 5-Year CAGR | -2.2% ▼ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | +1.3% ▲ |
| 3-Year CAGR | -2.0% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 78724
Population: 29,326
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 78724
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 11,997 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Are renters plentiful in Austin, TX?
Austin, TX draws a even-keeled base of working renters. Demand at the $1,643/mo rent level is reasonable for standard single-family and small multi rentals.
Is rental property easy to operate in Austin, TX?
Landlord-friendliness in Austin, TX is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What are vacancy rates like in Austin, TX?
Austin, TX sees elevated vacancy, which is reasonable relative to the broader TX rental market.
How strong are rents in Austin, TX?
The typical rental in Austin, TX commands about $1,643/mo monthly. That rent profile reliable cash flow against the $316K purchase basis.
Is house hacking profitable in Austin, TX?
House hacking in Austin, TX is reasonable to execute. Prices around $316K and rents of $1,643/mo solid owner-occupant economics.
You know 78724 now. You don’t know where it ranks.
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How 78724 ranks in Austin-Round Rock-Georgetown, TX
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