Real Estate Investing in Austin, Texas (78729)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78729 (Austin, TX)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -1.9% 5-year CAGR — values have moved lower.
- High price-to-rent: Price-to-rent ratio 27.0 — hard to cash-flow at these prices.
What’s happening in Austin, TX (78729)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 78729 Austin
Not every below-median market is a bargain. Austin's 78729 ZIP posts signals that favor experienced operators who can absorb the risk $430K pricing implies.
The 78729 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 78729 sits on the difficult end of the TX spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
A notable renter share of 58% in 78729 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The 78729 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Austin:
Property Strategy for 78729
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $287,831 | $1,850 | 4.6% | +1.0% | $143,916 |
| 3BR | $402,765 | $2,340 | 4.2% | +4.4% | $134,255 |
| 4BR | $485,835 | $2,760 | 4.1% | +5.0% | $121,459 |
| 5BR | $613,925 | — | — | +5.7% | $122,785 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78729 Compare?
| Metric | 78729 | Austin | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $429,999 | $561,613 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $1,328 | $1,810 | N/A | - |
| Cap Rate | 2.4% | 2.7% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78729 (Austin, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 78729 (Austin, TX)?
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Property managers serving Williamson County
Manage rentals here? List your business →PS Property Management is an Austin HOA Management Company. summary from their website
PURE Property Management of Texas aims to provide simple and satisfying rental experiences for all. summary from their website
MBM Property Management offers property management services for rentals in various Central Texas communities, including Austin, Cedar Park, Georgetown, and Round Rock. 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 | $429,999 |
| Monthly Rent | $1,328 |
| Price-to-Rent | 27.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 0.5% |
📈 Home Appreciation
| 1-Year | -0.5% ▼ |
| 3-Year CAGR | -3.2% ▼ |
| 5-Year CAGR | -1.9% ▼ |
| 10-Year CAGR | +4.7% ▲ |
🏠 Rent Trends
| 1-Year | -4.3% ▼ |
| 3-Year CAGR | -5.0% ▼ |
| 5-Year CAGR | -1.8% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). 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 78729
Population: 30,440
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 78729
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DAVIS EL
SUMMITT EL
PARMER LANE EL
WESTVIEW MIDDLE
PEARSON RANCH MIDDLE
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
Frequently Asked Questions
What are vacancy rates like in Austin, TX?
Vacancy in Austin, TX is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,328/mo.
Does Austin, TX favor landlords or tenants?
Rental owners in Austin, TX deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What type of investing works in Austin, TX?
A careful cash-flow rentals with hands-on management strategy Austin, TX best. The market produces consistent results for that approach at the $430K price point.
What does house hacking look like in Austin, TX?
The a challenging house-hack environment in Austin, TX reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is real estate in Austin, TX a good investment right now?
Austin, TX rates 2.0/5 for investability. With median values at $430K and rents near $1,328/mo, the market offers reasonable fundamentals for rental investors.
You know 78729 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 78729 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 78729 ranks in Austin-Round Rock-Georgetown, TX
Every ZIP in this metro, ranked. Free.
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