78705 ZIP Demographics
An In-Depth Analysis of Austin's Urban Core
Situated in the heart of Austin, Texas, ZIP code 78705 offers a fascinating look into the city's demographic landscape. Home to a population of 32,644 residents, it boasts an extraordinarily high population density of 15,769.8 people per square mile. This area, encompassing roughly 2.1 square miles, presents an urban environment where diversity and a vibrant community intersect.
The median age in 78705 skews youthful, with a significant proportion of its inhabitants being young adults. This demographic trend largely stems from its proximity to educational institutions, often attracting students and young professionals. Moreover, the majority of the population identifies as white, contributing to the area's demographic profile.
Housing in 78705 reflects the transient nature of its residents, with around 88% of housing units being renter-occupied. The high percentage of rental properties underscores a dynamic and shifting populace, many of whom move frequently either within the county or beyond. This fluid residential pattern highlights 78705 as a bustling and ever-changing microcosm within Austin, Texas.
More about ZIP 78705
Population and Density
The 78705 ZIP code in Austin, TX, is known for its high population density and significant resident numbers. This section explores the total population, growth trends, and insights into population density.
Total Population Overview
As of the latest data, the 78705 ZIP code has a total population of 32,644. This makes it the 325th most populated ZIP code in Texas out of a total of 1,933 ZIP codes. The residents are primarily white, reflecting the demographic composition of the area. The total population contributes to a vibrant community with diverse needs and characteristics.
Population Growth Trends
The 78705 area has experienced varying growth rates over the years. Recent trends indicate a steady increase in population figures, influenced by factors like housing developments and economic opportunities. Although not the fastest-growing, the area continues to attract new residents. It's essential to monitor these trends as they impact urban planning and resource allocation within the community.
Population Density Insights
Population density in the 78705 ZIP code stands out, with 15,265 people per square mile. This high density highlights the urban nature of the area, characterized by a mix of residential buildings, apartments, and student housing, reflecting its proximity to educational institutions. High population density can lead to challenges in infrastructure and service provision but also fosters a dynamic and bustling neighborhood atmosphere.
Ethnic and Racial Composition
78705 is a diverse region with significant representation from various ethnic and racial groups. Whites constitute the majority, with notable Hispanic and Asian populations, alongside smaller groups of Black or African American residents, and others.
Major Ethnic Groups
The White population in the 78705 zip code forms the majority, making up 52.8% of residents. This group is more concentrated in the northeast areas. Hispanics comprise 21.4% of the population, mostly residing in the western parts of 78705. Asian residents also represent a noteworthy portion, contributing to the racial diversity of the area.
According to data, there are about 22,166 White individuals, 5,226 Hispanics, and a significant number of Asian residents. This mix underscores the multicultural fabric of the community, particularly in different neighborhoods.
Minority Populations
There are several minority groups present in 78705. Black or African American residents account for 9.45% of the population. Smaller populations include American Indians or Alaskan Natives, representing 0.3%.
Additionally, those who identify with Two or More Races make up 10.05% of the residents, indicating considerable interracial communities. Other races, not specified, contribute to the remaining demographics of the area. This mosaic of ethnicities highlights the diverse social landscape in 78705.
Age Distribution
The age distribution in the 78705 zip code reveals a predominantly youthful population, with specific characteristics evident in the median age and various age cohorts.
Median Age
The median age for residents in the 78705 zip code is 21.1 years. This youthful median reflects the presence of higher education institutions and a significant student population in the area.
Key Points:
Median Age: 21.1 years
Gender Distribution: The data does not specify gender differences, but both young men and women likely contribute to this median age due to the student demographic.
Age Breakdown by Cohorts
An analysis of the age cohorts in 78705 shows a concentration in younger age groups, especially from 20 to 24 years.
Age Cohorts:
20 to 24 Years: This group forms the majority, underscoring the student-dominated environment.
35 to 44 Years and Older: Smaller percentages exist in the 35 to 44 years, 45 to 54 years, and older cohorts, reflecting fewer older residents.
55 to 59 Years, 60 to 64 Years, and 65 to 74 Years: These age groups are minimally represented, highlighting the area's focus on younger individuals.
This breakdown showcases a neighborhood with a predominantly young, vibrant population, influenced heavily by nearby educational facilities, while older age groups are significantly less prevalent.
Income and Employment
In the 78705 zip code, income and employment statistics provide insightful information on the economic landscape. This region shows a diverse range of income levels, occupational trends, and employment patterns.
Household Income
In 78705, median household income is a critical metric for understanding economic health. The median household income here varies considerably due to the mix of student populations and permanent residents. For example, many households fall on the lower end of the income spectrum, influenced by the large student population associated with the University of Texas at Austin. Meanwhile, permanent residents often have higher, more stable incomes.
The per capita income illustrates individual earnings within this area, an important factor given the high density of single-person households. Comparing these incomes to neighboring zip codes reveals a distinctive economic profile shaped by the area's unique demographics.
Income Categories
Income levels in 78705 can be broken down into specific categories. High-income households are present but make up a smaller proportion of the population. A significant number of residents fall into mid to low-income categories, heavily influenced by student incomes.
The area's average adjusted gross income (AGI) also reflects this diversity. Detailed statistics might reveal trends such as a large fraction of earners within the $20,000 to $50,000 range. Contrastingly, fewer households might report incomes exceeding $100,000.
Employment Trends
Employment trends in 78705 are varied, reflecting both permanent residents and transient student populations. Occupations in the area include a mix of academic, service industry, and professional roles. The presence of the University of Texas means a notable portion of jobs are educational or administrative.
Unemployment rates can fluctuate, influenced by the cyclical nature of student jobs. Comparatively, permanent residents typically have lower unemployment rates, engaged in stable employment sectors like healthcare, retail, and technology. These trends are essential for comprehending the balance between student employment and the broader workforce in 78705.
Educational Attainment
The 78705 zip code in Austin, TX, exhibits distinct educational characteristics. A significant portion of the population has achieved higher education levels, and the area is supported by a well-established network of local education institutions.
Education Levels
In the 78705 area, educational attainment is notably high. Approximately 27.05% of residents hold a master's degree or higher, and 59.02% possess a bachelor's degree. This shows a strong trend toward advanced education among the population.
High school diploma holders and associate's degrees are less common, underscoring the area’s lean towards higher education. This higher educational level often correlates with the presence of nearby universities and colleges.
Local Education Institutions
The area is supported by prominent educational institutions. The University of Texas at Austin is a significant influence, attracting students and contributing to the high levels of educational attainment in the 78705 zip code.
Public schools such as Austin Independent School District further support educational needs, providing foundational education to younger residents.
Private schools also play a role, with about 181 students in the area attending private educational facilities, contributing to the diversity of educational options available in this central Austin neighborhood.
Housing and Living Arrangements
78705 features diverse housing types and living arrangements, showcasing a mixture of residential options and trends that influence the local real estate market.
Housing Overview
In the 78705 zip code, housing varies significantly with a combination of single-family homes, apartments, and group living facilities. Housing density is notably high due to the area's popularity among young adults, particularly college students.
Several buildings cater specifically to student accommodation, including dormitories and shared housing units. The average family size differs widely, reflecting both single-occupancy units and larger homes designed for families or shared arrangements.
Household Types
Household types in 78705 present a diverse picture. Total households include both traditional family units and a substantial number of non-family households.
Many properties are rented rather than owned, aligning with the transient student population. Group living arrangements are common, including college residences and communal living spaces.
Real Estate Trends
The real estate market in 78705 is influenced by its proximity to educational institutions. Property values tend to be high, driven by consistent demand for student housing.
Median household income impacts affordability, and the area's cost of living index stands at 112.6, above the national average.
Real estate investments often focus on multi-unit buildings and apartments, catering to the demand for rental properties among students and young professionals.
