78704 is a comfortable, middle-class neighborhood in Austin with a competitive housing market.
Population
50,479
Income Rank
Top 57%
$97K
Median Income
vs national
$862K
Home Value
vs national
$1,755
Monthly Rent
vs national
34.2 yrs
Median Age
Key metrics versus national medians
National median: $80,610
National median: $311,500
National median: $1,314
National median: 34.8%
How household incomes are distributed across brackets
This chart shows the percentage of households in each income bracket. The highlighted bar represents the bracket containing the median household income of $97,160.
Get personalized insights and connect with local experts in Austin.
Household earnings and economic conditions
$97,160
Median Household Income
$84,489
Per Capita Income
4.3%
Unemployment Rate
Residents of 78704 earn a median household income of $97,160 per year. This is 21% higher than the national median of $80,610. The per capita income of $84,489 provides insight into individual earning power.
Real estate market and rental conditions in Austin
*Estimated at 7% APR, 30-year fixed
How affordable is it to live here?
How is this calculated?
Based on the standard 4x annual income mortgage guideline used by lenders: (Median Income x 4) / Median Home Value, combined with the 28% rent-to-income ratio recommended by financial advisors. This is not financial advice.
Most middle-income families can comfortably afford to live here.
Find your perfect home in 78704. Compare listings and connect with agents.
Population breakdown by age and gender
This population pyramid shows the distribution of residents by age group and gender. The median age in 78704 is 34.2 years, which is younger than the national median of 39 years.
Age, diversity, and population breakdown
50,479
Total Population
34.2
Median Age
70%
College Educated
27,766
Households
78704 has a population of 50,479 residents in approximately 27,766 households. The median age of 34.2 years is younger than the national median of 39 years. With 70% of residents holding bachelor's degrees or higher, this is a highly educated community.
Racial and ethnic composition of the community
Diversity Index
43
Moderate
0 = Single race, 100 = Perfect diversity
Hispanic/Latino Population
24.3%
Note: Hispanic/Latino is an ethnicity, counted separately from race
Racial Composition
The Diversity Index measures the probability that two randomly chosen residents belong to different racial groups. With a score of 43, this community has moderate diversity.
Educational attainment of adults 25 and older
College Educated (Bachelor's+)
70.4%
National average: 34.8%
High School or Higher
94.4%
National average: 88.6%
Education Breakdown
Educational attainment data shows the highest level of education completed by residents 25 years and older. With 70.4% holding a bachelor's degree or higher, this area exceeds the national average.
Community personality and lifestyle analysis
As a mixed transitional area, 78704 offers a distinctive living experience in Austin.
Household incomes are notably higher than the national average.
The area attracts a mix of young professionals and established families.
This is a highly educated community with most adults holding college degrees.
A typical 78704 resident is a adult in their mid-30s, renter with manageable housing costs, working in white-collar professional role with advanced education.
Lifestyle
Evolving neighborhood with mix of long-time residents and newcomers
Common questions about 78704 Austin, TX
The median household income in 78704 (Austin, TX) is $97,160, which is 21% higher than the national median of $80,610.
The median home value in 78704 is $862,000. A 20% down payment would be $172,400, with an estimated monthly mortgage of $4,827 at current rates.
The median monthly rent in 78704 is $1,755, totaling $21,060 annually. This represents 22% of the median household income.
78704 in Austin, Texas is a comfortable, middle-class neighborhood with a median age of 34.2 years. With 70% college graduates, it's a highly educated community.
The unemployment rate in 78704 is 4.3%, lower than the national rate of 4.8%. This means 95.7% of the labor force is employed.
Get free moving quotes from top-rated companies in your area.