Market Overview for Zip Code 78704
There are 319 active listings in Zip Code 78704 with a median list price of $815K and a median sold price of $905K.
Homes average 101 days on market.
Over the past 30 days, 46 homes have sold, with 513 sales in the past 12 months.
The average price per square foot is $585.
About Zip Code 78704
Zip code 78704 covers the heart of south-central Austin, including the neighborhoods of Zilker, Travis Heights, Bouldin Creek, Barton Hills, Galindo, South Lamar, and the South Congress (SoCo) commercial district. The zip code is bounded roughly by Lady Bird Lake to the north, South Lamar Boulevard and MoPac to the west, Ben White Boulevard (SH-71) to the south, and I-35 to the east. This area has long been one of Austin's most desirable residential locations due to its proximity to downtown, Zilker Park, Barton Springs Pool, and the SoCo retail corridor. The terrain includes the Barton Creek greenbelt canyon system on the western edge and flat to gently rolling topography in the eastern neighborhoods.
Real estate in 78704 is among the most expensive in Austin, with a median home price of approximately $750K. Small bungalows and cottages in Bouldin Creek and Travis Heights on lots of 5,000 to 7,000 square feet start around $550K, often in original or lightly updated condition. Renovated homes and new infill construction in Zilker and Travis Heights range from $800K to over $2 million. Barton Hills offers mid-century ranch homes on larger lots (8,000 to 12,000 square feet) from $650K to $1.5 million. Condominiums along South Lamar and South Congress start at approximately $350K. Multi-family development has intensified along the South Lamar and Manchaca Road corridors, with new apartment complexes commanding rents of $1,600 to $2,400 for two-bedroom units. Teardown-rebuild activity is common throughout the zip code.
Students in 78704 attend Austin ISD. Elementary schools include Zilker Elementary, Travis Heights Elementary, Becker Elementary, and Barton Hills Elementary. Fulmore Middle School serves 6th through 8th grade, and Travis High School covers 9th through 12th. Zilker Elementary and Travis Heights Elementary are among the more sought-after attendance zones in the district. Austin ISD faces enrollment fluctuations in this zip code as rising home prices have reduced the proportion of families with school-age children. Private school options include Austin Montessori School and The Khabele School on South 1st Street.
The 78704 zip code is among the best-connected in Austin, with South Congress Avenue, South 1st Street, and South Lamar Boulevard providing direct routes to downtown in under 10 minutes. MoPac and I-35 run along the western and eastern edges, respectively. Austin-Bergstrom International Airport is approximately 15 minutes southeast via SH-71. Zilker Park, a 351-acre metropolitan park, anchors the northwest corner of the zip code with Barton Springs Pool, the Zilker Botanical Garden, and the Zilker Hillside Theater. Lady Bird Lake's hike-and-bike trail runs along the northern boundary, connecting to downtown and East Austin.
