Market Overview for Zip Code 78705
There are 188 active listings in Zip Code 78705 with a median list price of $300K and a median sold price of $295K.
Homes average 82 days on market.
Over the past 30 days, 17 homes have sold, with 149 sales in the past 12 months.
The average price per square foot is $411.
About Zip Code 78705
Zip code 78705 covers the University of Texas at Austin campus and surrounding neighborhoods, including Hyde Park, North University, and the Guadalupe Street ("The Drag") corridor in central Travis County. The zip code is bounded roughly by West 45th Street to the north, I-35 to the east, Martin Luther King Jr. Boulevard to the south, and Lamar Boulevard to the west. This area is the most densely populated in Austin outside of downtown, with a mix of student apartments, historic single-family homes, university buildings, and commercial establishments along Guadalupe Street and Duval Street. The neighborhoods north of campus — Hyde Park and North University — were developed between the 1890s and 1930s and contain some of Austin's oldest residential architecture.
Real estate in 78705 is heavily influenced by the university. Student-oriented condominiums and apartments dominate the market near campus. Single-family homes in Hyde Park, a designated National Register Historic District, range from smaller bungalows on 5,000-square-foot lots to fully restored Craftsman and Victorian homes on larger parcels. North University has a comparable mix of housing stock. Rental density is extremely high in the West Campus and Guadalupe corridor, where student apartment towers are leased by the bedroom. Investment properties targeting student renters are a significant portion of the market. New high-rise student housing has added thousands of beds along Guadalupe Street and Rio Grande over the past decade.
Students in 78705 (K-12) attend Austin ISD. Russell Lee Elementary serves the elementary grades, with Kealing Middle School for 6th through 8th and McCallum High School for 9th through 12th. Austin ISD operates magnet and transfer programs accessible to families in this zone. The University of Texas at Austin, a top-tier public research university with approximately 55,000 students, 4,600 faculty, and 15,000 staff, occupies the southern half of the zip code and is the primary educational and economic institution.
The 78705 zip code is centrally located with Guadalupe Street, Lamar Boulevard, and I-35 providing direct access to downtown Austin in under 10 minutes. Capital Metro's bus system runs high-frequency routes along Guadalupe (the future light rail corridor under Project Connect), Speedway, and Red River Street. The UT campus provides public access to the LBJ Presidential Library, the Blanton Museum of Art, the Harry Ransom Center, and Texas Memorial Stadium (capacity 100,119). Austin-Bergstrom International Airport is approximately 20 minutes south. The Drag — the commercial strip along Guadalupe facing campus — includes bookstores, coffee shops, fast-casual restaurants, and the historic Dobie Mall.
Living in Zip Code 78705
The population of 78705 is dominated by University of Texas students, graduate students, and university employees, with a smaller contingent of longtime Hyde Park residents and young professionals. Hyde Park has an active neighborhood association that advocates for historic preservation, tree protection, and pedestrian safety. The neighborhood's annual Hyde Park Homes Tour in November showcases restored early-20th-century residences. Parking is limited throughout 78705, and many residents rely on bicycles, scooters, and Capital Metro transit.
Hyde Park's commercial node along Duval Street includes Quack's 43rd Street Bakery, Hyde Park Bar and Grill (known for its battered french fries since 1982), Asti Trattoria, and Foreign & Domestic. Guadalupe Street's Drag has Wheatsville Food Co-op (Austin's only food cooperative, operating since 1976), Spider House Ballroom, and numerous food trucks. Shipe Park in the center of Hyde Park has a wading pool, basketball courts, and a large open field used for community gatherings. The Elisabet Ney Museum, housed in the 1892 studio of German-Texan sculptor Elisabet Ney, sits at the corner of 44th and Avenue H and is open free to the public. UT campus facilities open to the public include the Blanton Museum of Art (a collection of more than 22,000 works) and the LBJ Presidential Library.
Things to Do in Zip Code 78705
- Blanton Museum of Art: UT Austin's art museum with a permanent collection of more than 22,000 works. Free admission on Thursdays. Located on Congress Avenue at MLK.
- LBJ Presidential Library: Presidential library and museum on the UT campus documenting the presidency of Lyndon B. Johnson. Free admission.
- Hyde Park Neighborhood Walk: Historic district with Craftsman bungalows, tree-lined streets, Shipe Park, and the Elisabet Ney Museum (free, open Thursday-Sunday).
- The Drag (Guadalupe Street): Commercial strip facing the UT campus with bookstores, Wheatsville Co-op, food trucks, and coffee shops.
- Texas Memorial Stadium: 100,119-seat stadium hosting UT Longhorns football, and one of the largest college football stadiums in the country.
Major Employers in Zip Code 78705
- University of Texas at Austin (Education): Flagship state university employing approximately 4,600 faculty and 15,000 staff. Largest employer in central Austin.
- Dell Medical School at UT Austin (Healthcare): UT Austin's medical school on the southeast corner of campus, with the affiliated UT Health Austin clinics.
- Austin ISD (Education): Largest school district in the area with approximately 69,251 students and approximately 11,000 employees across 114 schools.
- Wheatsville Food Co-op (Retail): Austin's only food cooperative, operating on Guadalupe Street since 1976 with approximately 150 employees.
Zip Code 78705 Schools
Austin ISD serves K-12 students in 78705, though the area is dominated by the University of Texas at Austin with approximately 55,000 enrolled students.
School District: Austin ISD
Public Schools
- Bryker Woods Elementary
- Lee Elementary
- Casis Elementary
- Kealing Middle
- O Henry Middle
- McCallum High School
- Austin High School
Pre-Schools
- Austin ISD Pre-K - Public pre-K at Russell Lee Elementary for qualifying families.
- UT Child Development Center - University-operated childcare on campus for children of UT students and employees.
Private Schools
- Austin Waldorf School - Independent Waldorf school at 8700 South View Road in southwest Austin, serving early childhood through 12th grade.
Higher Education
- University of Texas at Austin - Flagship public university with approximately 55,000 students, 4,600 faculty, and 15,000 staff.
Frequently Asked Questions
Where is zip code 78705?
78705 covers the UT Austin campus and surrounding neighborhoods including Hyde Park and North University, bounded by W 45th (north), I-35 (east), MLK (south), and Lamar (west).
What do homes cost in 78705?
The market is split between student-oriented investment properties near campus and owner-occupied historic homes in Hyde Park and North University. Current listing prices and median values are shown on the Market Overview tab.
What school district serves 78705?
Austin ISD serves K-12 students in 78705 with Russell Lee Elementary, Kealing Middle School, and McCallum High School.
Is 78705 mostly students?
The majority of 78705 residents are UT Austin students or university employees. Hyde Park and North University have higher concentrations of non-student residents.
How far is UT Austin from downtown?
The UT campus is directly adjacent to downtown Austin, separated by Martin Luther King Jr. Boulevard. The walk from the south end of campus to the Capitol takes approximately 15 minutes.
