●78741Homes for Sale

Market Overview for Zip Code 78741

There are 124 active listings in Zip Code 78741 with a median list price of $392K and a median sold price of $343K.

Homes average 84 days on market.

Over the past 30 days, 14 homes have sold, with 151 sales in the past 12 months.

The average price per square foot is $299.

About Zip Code 78741

Zip code 78741 covers the East Riverside and Oltorf corridor of southeast Austin, extending from roughly the south shore of Lady Bird Lake on the north to Ben White Boulevard (Highway 71) on the south, and from I-35 on the west to Pleasant Valley Road and beyond on the east. The area is approximately 3 to 5 miles southeast of downtown Austin, making it one of the closest-in residential areas to the central business district. East Riverside Drive, the primary commercial corridor, has undergone significant transformation over the past decade as older apartment complexes have been demolished and replaced by mixed-use developments and mid-rise residential projects. The Oracle (formerly Google Fiber) campus and the forthcoming Oracle headquarters expansion along the waterfront are catalysts for continued redevelopment.

Real estate in 78741 has shifted dramatically in recent years. The area historically consisted of affordable apartment complexes and modest single-family homes built from the 1950s through 1970s. Remaining single-family homes on lots of 0.1 to 0.25 acres range from $275K to $500K, though inventory is shrinking as redevelopment continues. New condominium projects along East Riverside Drive list from $300K to $600K for one- to two-bedroom units. Townhome developments offer options from $400K to $650K. The median home price for available single-family and condo inventory is approximately $375K. The area has one of the highest concentrations of rental units in Austin, with numerous new apartment complexes offering studios to two-bedrooms.

Students in 78741 attend Austin ISD schools. Elementary campuses include Allison Elementary and Joslin Elementary. Martin Middle School covers 6th through 8th grade. Crockett High School, the feeder high school, serves approximately 1,600 students and has undergone recent facility renovations. The area also has proximity to Travis Early College High School, which offers dual-enrollment programs with Austin Community College. Several bilingual and dual-language programs are available at the elementary level, reflecting the diverse student population.

The proximity to downtown Austin is the defining transportation advantage of 78741. I-35 runs along the western boundary, and Pleasant Valley Road connects north to the East Side and south to Ben White Boulevard. Capital Metro bus routes along East Riverside and Oltorf provide frequent service, and the South Pleasant Valley Park and Ride offers express options. The future Blue Line of Project Connect, Austin's light rail system, is planned to run along the East Riverside corridor. The area is also served by multiple bike lanes and the Boardwalk Trail along Lady Bird Lake. Austin-Bergstrom International Airport is approximately 10 minutes south via Highway 71.

Living in Zip Code 78741

East Riverside has one of the most diverse populations in Austin, with significant Hispanic, Asian, Black, and white communities. Median household income in 78741 is approximately $45,000, below the Austin metro average, though rising as new development attracts higher-income residents. The area has historically been one of Austin's most affordable close-in neighborhoods, and many longtime residents face displacement pressures as redevelopment increases rents and property values. The population includes a large share of renters, UT Austin students, and young professionals drawn by proximity to downtown.

The East Riverside corridor has an expanding restaurant and retail scene driven by new mixed-use projects. Taqueria Arandas, Pho Saigon, and other long-standing ethnic restaurants operate alongside newer concepts in the redeveloped areas. The Eastside H-E-B on East Riverside serves as the primary grocery store. Roy G. Guerrero Colorado River Park, on the north side of the zip code along the Colorado River, has over 300 acres of trails, disc golf, kayak access, and picnic areas. The Ann and Roy Butler Hike and Bike Trail and Boardwalk provide waterfront running and cycling paths connecting to downtown. The area's nightlife includes venues along East Riverside and the nearby Rainey Street district, about 5 minutes north.

Things to Do in Zip Code 78741

• Roy G. Guerrero Colorado River Park: 300+ acre park along the Colorado River with trails, disc golf, kayak launch, and picnic areas.
• Ann and Roy Butler Hike and Bike Trail: 10-mile waterfront trail along Lady Bird Lake accessible from the northern edge of 78741 for running, cycling, and walking.
• East Riverside Restaurant Row: Diverse dining corridor with Taqueria Arandas, Pho Saigon, and newer restaurants in mixed-use developments.
• Boardwalk at Lady Bird Lake: Elevated pedestrian and cycling path over Lady Bird Lake connecting East Riverside to the south shore trail system.
• Montopolis Bridge Kayak Launch: Public kayak and canoe launch point on the Colorado River providing access to calm water paddling.

Major Employers in Zip Code 78741

• Oracle (Technology): Oracle has relocated its global headquarters to a waterfront campus on the north edge of 78741, employing thousands.
• Austin-Bergstrom International Airport (Transportation): City-owned airport about 10 minutes south employing over 6,000 people across airlines and service companies.
• St. David's South Austin Medical Center (Healthcare): Hospital on Ben White Boulevard with over 1,500 employees providing emergency, surgical, and specialty care.
• Austin ISD (Education): School district employing approximately 12,000 staff, with multiple campuses in the area.
• H-E-B (Retail/Grocery): Eastside H-E-B on East Riverside is a major employer in the area, along with H-E-B's distribution operations nearby.

Zip Code 78741 Schools

78741 is served by Austin ISD with a diverse student population and multiple bilingual and dual-language programs.

School District: Austin ISD

Public Schools

• Allison Elementary (AISD) - Pre-K through 5th grade with bilingual programs, serving a diverse student body of approximately 400.
• Joslin Elementary (AISD) - Pre-K through 5th grade campus on Oltorf near Pleasant Valley.
• Martin Middle School (AISD) - 6th through 8th grade campus serving the East Riverside area.
• Crockett High School (AISD) - Approximately 1,600 students with recent facility renovations and college prep programs.

Pre-Schools

• Eastside Head Start - Federally funded early childhood program serving income-eligible families in southeast Austin.
• Montessori House - Private Montessori preschool serving young children in the East Riverside area.

Private Schools

• St. Ignatius Catholic School - Pre-K through 8th grade on Oltorf Street, about 5 minutes west.
• Austin Waldorf School - Independent school on South Lamar offering pre-K through 8th grade, about 10 minutes west.

Frequently Asked Questions