Real Estate Investing in Austin, Texas (78747)
Should you buy in 78747 (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.
- Flat appreciation: Values have barely moved over 5 years (0.3% CAGR).
- 1-year downturn: Values declined 5.7% in the last year.
What’s happening in Austin, TX (78747)?
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Market Analysis: 78747 Austin
Investors eyeing 78747 need to respect the fundamentals at play. Home values of $360K come alongside slower price movement and elevated management overhead.
Stepping back, the numbers look inviting — $360K purchase price, 0.0% nominal cap — the work to hit that pro forma in 78747 is substantial and deserves full respect.
Put differently, 78747 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.
Stepping back, 21,757 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 78747 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 78747
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $314,950 | $2,100 | 4.8% | +2.9% | $157,475 |
| 3BR | $355,023 | $2,660 | 5.4% | +4.5% | $118,341 |
| 4BR | $392,324 | $3,130 | 5.7% | +4.2% | $98,081 |
| 5BR | $446,164 | — | — | +4.0% | $89,233 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 78747 Compare?
| Metric | 78747 | Austin | Austin-Round Rock-Georgetown, TX | Texas |
|---|---|---|---|---|
| Home Value | $360,145 | $566,335 | N/A | $297,000 |
| 5-Year CAGR | 0.3% | 1.1% | N/A | 5.4% |
| Avg Rent | $1,611 | $1,813 | N/A | - |
| Cap Rate | 3.5% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 78747 (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 | $360,145 |
| Monthly Rent | $1,611 |
| Price-to-Rent | 18.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 3.8% |
📈 Home Appreciation
| 1-Year | -5.7% ▼ |
| 3-Year CAGR | -5.5% ▼ |
| 5-Year CAGR | +0.3% ▲ |
| 10-Year CAGR | +4.3% ▲ |
🏠 Rent Trends
| 1-Year | -4.0% ▼ |
| 3-Year CAGR | -3.4% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.5%). 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 78747
Population: 21,757
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 78747
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
Are rents high in Austin, TX?
Austin, TX rentals go for roughly $1,611/mo a month. That puts gross yield in solid territory relative to $360K acquisition costs.
Is Austin, TX better for rentals, flips, or BRRRR?
Austin, TX investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($360K prices, $1,611/mo rents) make it a reasonable choice.
How strong is Austin, TX for real estate investors?
Austin, TX rates 2.0/5 for investability. With median values at $360K and rents near $1,611/mo, the market offers reasonable fundamentals for rental investors.
How much does a house cost in Austin, TX?
In Austin, TX the median home value sits at $360K. Against the broader TX market, that reads as reasonable for most investors.
What is the typical vacancy rate in Austin, TX?
Austin, TX vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
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