Real Estate Investing in Austin, Texas (78744)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 78744 (Austin, TX)? Our answer, based on the numbers below.
Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -2.6% 5-year CAGR — values have moved lower.
What’s happening in Austin, TX (78744)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 78744 Austin
In practical terms, ZIP 78744 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $326K median. It rewards specialists, not generalists.
Turning to rents, the numbers look inviting — $326K purchase price, 0.0% nominal cap — the work to hit that pro forma in 78744 is substantial and deserves full respect.
On the rental side, 78744 offers a low basis, the region around Austin has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Who lives in 78744 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 78744 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 78744
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $288,575 | $1,760 | 4.4% | +4.5% | $144,288 |
| 3BR | $332,923 | $2,240 | 4.8% | +3.9% | $110,974 |
| 4BR | $400,462 | $2,620 | 4.7% | +4.5% | $100,116 |
| 5BR | $435,429 | — | — | +4.2% | $87,086 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78744 Compare?
| Metric | 78744 | Austin | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $326,226 | $561,613 | N/A | $297,000 |
| 5-Year CAGR | N/A | N/A | N/A | 5.4% |
| Avg Rent | $1,417 | $1,810 | N/A | - |
| Cap Rate | 3.4% | 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 78744 (Austin, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 78744 (Austin, TX)?
~25 seconds · no account needed · your report is anonymous
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 | $326,226 |
| Monthly Rent | $1,417 |
| Price-to-Rent | 19.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 0.8% |
📈 Home Appreciation
| 1-Year | -2.3% ▼ |
| 3-Year CAGR | -5.7% ▼ |
| 5-Year CAGR | -2.6% ▼ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | -3.5% ▼ |
| 5-Year CAGR | -0.2% ▼ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 78744
Population: 51,069
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 78744
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
Is vacancy a concern in Austin, TX?
Occupancy in Austin, TX runs measured with elevated vacancy. Well-priced units at $1,417/mo lease on reasonable timelines.
What are home prices like in Austin, TX?
Homes in Austin, TX typically sell near $326K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
Are rents high in Austin, TX?
Rental rates in Austin, TX average $1,417/mo. Tenant demand and $326K home values make the yield look reasonable by investor standards.
What is it like being a landlord in Austin, TX?
Landlord-friendliness in Austin, TX is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Does Austin, TX make sense for an investment property?
Austin, TX sits at an investability rating of 2.0/5, with median home values near $326K and average rents around $1,417/mo. That combination puts it in the solid tier for investor interest.
You know 78744 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 78744 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 78744 ranks in Austin-Round Rock-Georgetown, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 78744 (Austin)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 78744 (Austin, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.