Market Overview for Zip Code 78702
There are 195 active listings in Zip Code 78702 with a median list price of $699K and a median sold price of $661K.
Homes average 70 days on market.
Over the past 30 days, 28 homes have sold, with 298 sales in the past 12 months.
The average price per square foot is $529.
About Zip Code 78702
Zip code 78702 covers East Austin, the area immediately east of Interstate 35 from the Colorado River (Lady Bird Lake) north to approximately Manor Road, in central Travis County. This zip code includes the historically significant neighborhoods of East Cesar Chavez, Holly, Govalle (western portion), and the Saltillo redevelopment district along East 5th Street. For decades, East Austin was the city's primary Hispanic and African American residential area, shaped by mid-20th century racial covenants and the construction of I-35 as a dividing line. Since the mid-2000s, the area has undergone rapid redevelopment with new condominiums, restaurants, and mixed-use projects transforming formerly industrial and residential blocks.
Real estate in 78702 has experienced significant price escalation over the past 15 years. The median home price is approximately $650K, up from under $200K in 2010. Single-family homes — primarily 1940s to 1970s bungalows and cottages — range from $450K for unrenovated properties on smaller lots to over $1.2 million for fully remodeled homes on quarter-acre lots. New construction townhomes and modern infill homes list from $600K to $900K. Condominiums in developments like Saltillo Lofts, Corazon, and East Avenue start around $350K for one-bedroom units. The neighborhood's proximity to downtown (less than one mile from I-35) drives demand, and teardowns of original housing stock for higher-density projects continue at a rapid pace.
Students in 78702 attend Austin ISD schools. Sanchez Elementary, Zavala Elementary, and Metz Elementary serve the elementary grades. Martin Middle School covers 6th through 8th, and Eastside Memorial High School serves 9th through 12th. Austin ISD has faced enrollment challenges in East Austin as gentrification has shifted the demographic profile, with some campuses operating below capacity. The district offers dual-language programs at multiple East Austin campuses. Private and charter school options include KIPP Austin Public Schools and East Austin College Prep. Huston-Tillotson University, a private historically Black university established in 1875, is located on Chicon Street within 78702.
East Austin's location adjacent to downtown makes it one of the most transit-accessible areas in the city. Capital Metro's MetroRail Red Line stops at the Plaza Saltillo station on East 5th Street, and numerous bus routes run along East 7th, East Cesar Chavez, and Springdale Road. The Butler Hike-and-Bike Trail runs along the southern edge at Lady Bird Lake. Driving to Austin-Bergstrom International Airport takes approximately 15 minutes via SH-71. The East Austin commercial corridor along East 6th and East 7th Streets has become a destination dining and nightlife district, while East Cesar Chavez retains taco stands, bakeries, and legacy businesses alongside new establishments.
