78705 ZIP Neighborhood
Key Highlights and Living Essentials
78705 Zip Neighborhood
The 78705 zip neighborhood in Austin, TX stands out for its unique blend of residential charm and urban convenience. Located within Travis County, this area covers just over 2 square miles and houses a diverse population. According to the 2020 U.S. Census, it is home to over 36,000 people living in more than 13,000 households.
Real estate in 78705 varies, with the median home value around $307,200. This is relatively high compared to the national average, although it offers more affordable options than some neighboring ZIP codes. Rentals are predominantly one-bedroom units, making it an attractive option for students and young professionals.
The neighborhood ranks high in several key areas, boasting impressive ratings for its public schools and family-friendliness. Bryker Woods, one of the prominent communities here, is noted for its friendly atmosphere and convenient urban location. This makes 78705 a compelling choice for those looking to balance the bustle of city life with a tight-knit community feel.
More about ZIP 78705
Geographic Overview
The 78705 ZIP code is situated in Austin, Texas, known for its elevation and significant landmarks. This area lies within the Central Time Zone and shares proximity with several other well-known ZIP codes, making it centrally located.
Boundaries and Map
The 78705 ZIP code covers a central part of Austin, Texas. It is bordered by several other ZIP codes, including 78701 to the south and 78712 to the southeast. The boundaries encompass a mix of residential and commercial areas, providing a diverse urban environment. The map of 78705 highlights these borders and showcases important streets and landmarks, such as the University of Texas at Austin, located just to the east.
Proximity to Nearby Zip Codes
78705 is adjacent to some key ZIP codes like 78701, 78702, and 78704. These neighboring ZIP codes include central downtown areas, East Austin, and South Austin, respectively. Each of these areas has its own distinct character but shares common features such as accessibility to public transportation, shopping centers, and dining options. This central location makes it an attractive area for residents who enjoy easy access to various parts of the city.
Latitude and Land Area
The latitude of the 78705 ZIP code is approximately 30 degrees, similar to Lhasa, Tibet. This aligns it perfectly for those studying climate and geographical parallels. The land area of 78705 includes urban landscapes and a mix of housing, schools, and commercial spaces, contributing to its moderate population density. At an elevation of around 548 feet above sea level, it provides a typical urban living experience with minimal topographical extremes.
Demographic Profile
The 78705 ZIP code neighborhood, primarily in Austin, TX, is a unique urban area with a significant student population due to its proximity to the University of Texas. Demographics reveal a diverse mix of age groups and ethnicities, with high population density and distinctive age and racial compositions.
Population and Density
As of the latest Census data, the population in the 78705 ZIP code is approximately 32,644 people. This makes it one of the more densely populated areas in Texas, vying closely with ZIP codes like 76548 and 77017.
The number of households in this neighborhood is around 12,093, indicating a bustling community with a variety of housing options, including homes and apartments. The high density is a testament to the area's urban nature and the student-dominant demographic.
Age Distribution and Median Age
The age distribution in the 78705 ZIP code is notably skewed towards younger residents. This is largely influenced by the geographical coverage of the University of Texas, which houses many students in this ZIP code.
Predominantly, the median age is significantly lower than the national average, reflecting the youthful presence. Many residents fall into the 18-24 age category, making it a vibrant and energetic area that caters to the needs of a younger demographic.
Race and Ethnicity Breakdown
The racial and ethnic composition of the 78705 ZIP code is diverse. A significant portion of the population is White, followed closely by Hispanic residents, creating a multicultural environment.
Other racial groups include Black, Asian, and smaller percentages of American Indian residents. This diversity contributes to the neighborhood's rich cultural fabric, influencing local businesses, events, and community interactions.
This vivid demographic mosaic ensures that 78705 remains a dynamic and inclusive community, reflecting broader societal trends in diversity and youthful vitality.
Economic Characteristics
The 78705 ZIP neighborhood in Austin, Texas, showcases a variety of economic traits, from diverse household income levels to a range of employment sectors and a distinct cost of living.
Household Income Levels
Household incomes in the 78705 ZIP code exhibit significant variability. The median household income is approximately $24,126. Notably, those aged 45 to 64 have the highest median income, reaching $101,676. Conversely, the younger demographic, aged 15 to 24, shows the lowest income, around $9,461. This area has a mix of student and professional populations, reflecting the proximity to educational institutions like the University of Texas at Austin.
Employment and Industries
Employment in the 78705 area encompasses a broad spectrum of businesses and industries. There are approximately 945 businesses employing over 14,000 people. The job market has shown positive growth, increasing by 3.5% over the last year. The unemployment rate stands at 5.1%, slightly lower than the national average of 6.0%. The primary sectors driving employment include education, healthcare, retail, and professional services.
Cost of Living and Economic Ranking
The cost of living in the 78705 ZIP code is influenced by its central location in Austin. It ranks competitively in terms of livability and amenities. The neighborhood is considered desirable due to its vibrant economic environment and accessibility to public services. While the cost of living might be higher compared to some other areas in Texas, the robust job market and high quality of life attract both families and professionals to 78705.
Residential and Real Estate Insights
The 78705 zip code in Austin, TX, offers diverse residential options with a vibrant real estate market. Key aspects include current market trends, ownership versus rental dynamics, and median home values.
Housing Market Trends
The 78705 housing market has experienced significant changes. In March 2024, home prices declined by 10.7% compared to the previous year, settling at a median price of $335,000.
Properties in this area typically spend around 37 days on the market, a decrease from 50 days last year. The number of homes sold also dropped to 31 from 37, indicating a more competitive market climate. This neighborhood's proximity to the University of Texas at Austin caters to both students and families.
Owner versus Renter Statistics
The 78705 neighborhood predominantly consists of rental properties due to its location near the University of Texas. The student population drives demand for rental housing, resulting in a higher ratio of renters to owners.
Owner-Occupied Housing: A smaller percentage, often families and long-term residents.
Renter-Occupied Housing: A larger segment, typically students and young professionals.
The rental market's vibrancy aligns with the area's demographic trends, reflecting a transient population.
Median Home Values
Median Home Price: $377,500.
Home values in 78705 range from $179,900 to $4.5 million, offering something for various budgets. There are currently over 100 active listings, showing its status as a sought-after area.
The drop in median home values points to a cooling market, potentially offering buyers more opportunities. The real estate landscape here provides options from affordable condos to high-end properties, catering to diverse needs and preferences.
Educational Environment
The 78705 zip code in Austin, Texas offers diverse educational opportunities, ranging from high-quality public schools to reputable higher education institutions. It is a vibrant community with a strong focus on academics and varied levels of educational attainment among its residents.
Public and Private Schools
In 78705, public schools are notable for their performance. Lee Elementary stands out, ranking among the top 10% of elementary schools in Texas. In contrast, Helping Hand, a public charter school, ranks among the bottom 5% in the state. This indicates a significant disparity in school performance within the area.
Private schools in the region enhance the educational landscape. These institutions often offer specialized programs and smaller class sizes, catering to families seeking alternatives to public education.
Higher Education Statistics
The area is home to many medical specialists, indicating a well-educated population. The provision of higher education is robust, with several junior colleges and specialized institutions within close proximity. The presence of facilities with environmental interests and other specialized services also points to a community rich in higher education resources.
Higher education statistics highlight affordability and access, with a significant number of students pursuing various degrees and certifications. Community colleges offer associate degrees and technical training, underlining the varied educational pathways available.
Educational Attainment
Statistical data reveals a diverse range of educational attainment among residents of 78705. A significant portion of the population holds a Bachelor's Degree, while others have achieved a Master's Degree or higher. There is also a notable segment with Some College or an Associate's Degree, reflecting ongoing educational pursuits.
Conversely, there's a smaller percentage of residents with only a High School Diploma or Equivalent, and an even smaller group with less than a high school diploma. This diversity in educational backgrounds contributes to the multifaceted nature of the community.
In summary, the 78705 zip code offers a mix of educational institutions and varying levels of educational attainment, making it a unique and dynamic area for residents of all ages.
Health and Safety
Health and safety in the 78705 ZIP neighborhood of Austin, TX, encompass accessible healthcare services and significant issues related to crime rates and public safety that impact residents.
Healthcare Services
The 78705 area offers a range of healthcare facilities, ensuring residents have access to essential medical services. Prominent institutions include Ascension Health, providing comprehensive health services from primary care to specialized treatments.
Several clinics and urgent care centers in 78705 cater to the needs of the local population. The presence of multiple pharmacies ensures convenient access to medications. Additionally, mental health services are available, addressing the well-being of the community.
Proximity to major hospitals like Dell Seton Medical Center at The University of Texas offers residents immediate access to emergency services. Many healthcare providers in the area accept various insurance plans, making medical care more accessible to diverse economic groups.
Crime Rates and Public Safety
Crime rates in 78705 are a concern, with specific areas identified as more dangerous. Data indicates that a crime occurs approximately every 3 hours and 20 minutes in this ZIP code. This includes both property crime and violent crime, necessitating vigilance among residents.
The area has a mix of safer and riskier zones, with a noticeable presence of registered sex offenders, totaling four within the neighborhood. A robust home security system is critical, as homes without these systems are 300% more likely to experience break-ins.
Efforts by the local law enforcement agencies to improve safety include community policing and collaboration with neighborhood watch programs. Regular patrols and public safety initiatives aim to reduce crime rates and provide a more secure environment for residents.
Community and Lifestyle
The 78705 ZIP code in Austin, Texas is a vibrant urban community known for its diversity, young demographic, and accessibility to various amenities. Residents enjoy a mix of family and individual living, rich cultural offerings, and multifaceted transportation options.
Family Size and Dynamics
The population in 78705 primarily comprises younger individuals with a median household income significantly lower than the national average. Families in this area often consist of smaller units, likely due to the high number of single residents and students.
The community's urban setting attracts those seeking convenience and proximity to educational institutions. This demographic mix results in a dynamic social scene, with plenty of opportunities for family and community involvement.
Recreational and Cultural Amenities
In 78705, residents have access to a wide array of recreational and cultural amenities. The zip code is home to several parks and recreational areas where families and individuals can enjoy outdoor activities. The cultural landscape is enriched by nearby museums, theaters, and music venues.
Notable attractions include the Blanton Museum of Art and various live music events, reflecting the city's vibrant arts scene. This area supports an active lifestyle, providing both residents and visitors ample opportunities for leisure and cultural engagement.
Commute and Transportation
Transportation and commuting in 78705 are highly convenient. The area boasts a robust public transportation system, including buses that connect residents to different parts of Austin. For those who prefer driving, major roads and highways are easily accessible.
Commute times vary but generally remain short due to the central location. This accessibility makes 78705 an appealing choice for those working in and around the city, contributing to its desirability as a residential area. Whether by public transport, car, or bike, residents find numerous options to suit their needs.
Data and Methodology
This section provides an overview of the data sources, the reliability, the updates, and the methodology used for analyzing the 78705 ZIP neighborhood in Austin, Texas.
Sources and Reliability
The primary data sources include the U.S. Census and the American Community Survey (ACS). These sources are known for their accuracy and comprehensive coverage.
U.S. Census: Conducted every ten years, providing detailed demographic information.
American Community Survey: An annual survey that offers more up-to-date data on various socio-economic metrics.
Both sources are publicly available, ensuring transparency and accessibility. Data from City-Data.com and HomeTownLocator also contribute additional local context, enriching the analysis.
Updates and Revisions
Data is updated and revised to reflect the most current information. The U.S. Census data is updated every ten years, while the ACS data is refreshed annually. This ensures that changes in demographics, housing, and other socio-economic factors are captured accurately.
Periodic updates from sites like Zipdatamaps and City-Data.com provide interim insights. These updates ensure that the data remains relevant and useful for ongoing and future analyses.
Methodology for Analysis
The methodology involves several steps to ensure a thorough analysis. First, data is collected from verified sources such as the U.S. Census and ACS. This data undergoes a preliminary review for consistency and completeness.
Next, data is categorized into key areas such as population, housing, income, and demographics. Statistical tools and software are utilized to identify trends and patterns.
Finally, the data is presented using visual aids like tables and charts to make the findings accessible and understandable. This structured approach guarantees that the analysis is robust, objective, and dependable.
