Real Estate Investing in Austin, Texas (78732)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78732 (Austin, TX)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -0.2% 5-year CAGR — values have moved lower.
- High price-to-rent: Price-to-rent ratio 30.5 — hard to cash-flow at these prices.
What’s happening in Austin, TX (78732)?
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Market Analysis: 78732 Austin
This part of Travis County is not an easy win. The 78732 ZIP posts softness in key indicators, and the playbook that works in cleaner markets often stalls here.
On balance, the numbers look inviting — $826K purchase price, 0.0% nominal cap — the work to hit that pro forma in 78732 is substantial and deserves full respect.
The gap between 78732 and stronger Austin ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 78732 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 78732 is an operator game, not a passive one. On the rental side, entry prices of $826K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Austin:
Property Strategy for 78732
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $606,902 | $2,520 | 3.0% | +5.7% | $202,301 |
| 4BR | $780,052 | $2,970 | 2.7% | +6.6% | $195,013 |
| 5BR | $1,089,911 | — | — | +8.5% | $217,982 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78732 Compare?
| Metric | 78732 | Austin | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $826,110 | $561,613 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $2,255 | $1,810 | N/A | - |
| Cap Rate | 2.1% | 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 78732 (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 | $826,110 |
| Monthly Rent | $2,255 |
| Price-to-Rent | 30.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 1.9% |
📈 Home Appreciation
| 1-Year | +3.8% ▲ |
| 3-Year CAGR | -2.2% ▼ |
| 5-Year CAGR | -0.2% ▼ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). 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 78732
Population: 20,646
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 78732
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
Frequently Asked Questions
How high is vacancy risk in Austin, TX?
Austin, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
What is the average home sale price in Austin, TX?
Median home price in Austin, TX is near $826K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What is the best play in Austin, TX?
Investors usually favor careful cash-flow rentals with hands-on management in Austin, TX. With home values at $826K and rents near $2,255/mo, other strategies can work but produce predictable rather than outsized returns.
Is Austin, TX good for landlords?
The landlord environment in Austin, TX is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What kind of market is Austin, TX for investors?
The 2.0/5 investability rating in Austin, TX reflects its $826K prices and $2,255/mo rents. Investors generally consider it a solid option within TX.
You know 78732 now. You don’t know where it ranks.
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How 78732 ranks in Austin-Round Rock-Georgetown, TX
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