78703 ZIP Code Location
A Guide to Austin's Premier Neighborhood
Nestled in the heart of Austin, Texas, ZIP Code 78703 offers a unique blend of historic charm and modern luxury. This area covers approximately 5.623 square miles and is part of Travis County. Many of the homes here were built either in 1939 or earlier, or in the 2000s, contributing to the area's eclectic architectural landscape.
In addition to its rich history, 78703 is notable for its high median home value, which stands at $641,200. This figure is significantly higher compared to other ZIP codes in the nation and nearby areas, indicating a desirable real estate market. Residents of 78703 enjoy close proximity to various parks such as Lamar Beach and Reed Park, making it an attractive locale for outdoor enthusiasts.
The 78703 ZIP Code also encompasses notable neighborhoods such as Tarrytown, known for its picturesque streets and community vibe. Whether you're seeking a historic home or a newer build, this area provides diverse living options, all while being conveniently situated near the vibrant offerings of downtown Austin.
More about ZIP 78703
Geographic Overview and Demographics
ZIP Code 78703, located in Austin, Texas, encompasses a diverse and populated area. Key factors such as location coordinates, population density, racial composition, age distribution, and household structure form the vital components of this section.
Location and Latitude/Longitude
The 78703 ZIP Code is situated in Austin, the capital city of Texas. The approximate geographic coordinates are 30.29°N latitude and -97.77°W longitude. Covering a slightly less than the average land area for ZIP codes in the United States, it provides a blend of urban and suburban environments.
Population and Density
The population of ZIP Code 78703 is estimated at around 22,111 people. This area exhibits a high population density of 3,947.0 people per square mile, which is above the national average. The density showcases the region's urban character and significant residential and business activities.
Racial and Ethnic Composition
The diversity within the 78703 ZIP Code reflects the broader demographic trends of Austin. Residents exhibit a mix of racial and ethnic backgrounds with notable representation from various communities. The area receives a "B" grade for ethnic and economic diversity, highlighting its multicultural environment.
Age Distribution and Median Age
Residents of 78703 display a varied age distribution. The median age in the area helps illustrate its demographic makeup, reflecting a balanced mix of younger families, professionals, and older adults. This age spread contributes to a dynamic community structure with a range of services aimed at different age groups.
Household Composition
Household composition in 78703 is diverse, mirroring its demographic variety. The ZIP code includes a spectrum of household types, ranging from singles and young professionals to families and retirees. This diversity in household structure underscores the area's appeal to a wide array of residents, contributing to a community with varying housing needs and preferences.
Housing and Real Estate
The 78703 zip code in Austin, Texas, is a sought-after area with diverse housing options and a robust real estate market. Expect higher property values, strong homeownership trends, and an active rental market.
Housing Units and Property Values
In the 78703 zip code, there are approximately 171 to 209 housing units currently for sale. The median listing price stands at $1,797,500, reflecting the high demand and desirability of the location.
Properties range from historic homes to modern condominiums, offering a variety of architectural styles. Scenic Dr, as highlighted, is one of the upscale areas within this zip code.
Homeownership and Mortgage Trends
Homeownership remains strong in 78703, with many properties owned rather than rented. Mortgage trends indicate a preference for fixed-rate mortgages, providing stability for homeowners in this high-value area.
The local real estate market shows consistent price growth, making it a favorable environment for long-term investments. Zillow and other real estate platforms highlight neighborhoods like Tarrytown and Pemberton Heights as prime areas for potential buyers.
Renters and Rental Market
The rental market in 78703 also thrives due to the area's proximity to downtown Austin and its attractive lifestyle amenities. Rental properties include luxury apartments and single-family homes, catering to young professionals and families alike.
The high median property values naturally lead to elevated rental prices. However, the demand remains robust due to the location's desirable attributes. Renters have access to various amenities, including parks, schools, and upscale retail areas, making it a highly livable area.
Economic Characteristics
The 78703 ZIP code area in Austin, Texas, showcases a diverse economic landscape with high median household incomes, various employment opportunities, and a relatively low unemployment rate.
Income and Wealth Levels
Income levels in ZIP code 78703 are notably high. Median Household Income stands at $139,617, significantly above the national median of $75,149.
The presence of many high-income households contributes to the overall affluence of the area. Adjusted Gross Income levels also reflect the wealth, with many residents enjoying stable and lucrative financial situations.
Additionally, Per Capita Income in this ZIP code is higher than average, indicating a widespread distribution of wealth among its residents.
Employment and Occupations
Employment opportunities in 78703 are diverse and abundant. The area hosts a range of occupations, from professional services to tech-related jobs.
Many residents work in high-paying sectors, including finance, information technology, and healthcare. Employment rates are strong, bolstered by access to major businesses and corporations within Austin.
Household income varies but tends to skew higher due to these lucrative employment opportunities. The economic dynamism is further reflected in the variety of occupations that residents hold.
Unemployment and Labor Force
The unemployment rate in 78703 is relatively low compared to national averages, demonstrating economic stability.
The labor force participation rate is high, with a significant portion of the population actively employed or seeking employment.
This low unemployment rate is a positive indicator of the area's economic health, supported by a strong labor market and ample job opportunities.
Education and Schools
The 78703 ZIP code area in Austin, Texas, offers a robust selection of high-performing public and private educational institutions. This locality has notable educational attainment levels, emphasizing quality education from elementary to higher education.
Educational Attainment
Residents of the 78703 ZIP code boast significant educational achievements. A large proportion of the population holds a high school diploma or higher. A considerable number of individuals possess a bachelor's degree or higher, reflecting the community's emphasis on education.
Educational attainment in this area has contributed to the socio-economic development, making it attractive for families prioritizing education. Such statistics highlight the advanced academic environment in 78703 and suggest a well-educated community thriving on educational excellence.
School Attendance and Institutions
Within the 78703 ZIP code, numerous reputable schools cater to various educational needs. The Austin Independent School District (AISD) oversees eight public schools including top-ranked elementary and middle schools.
There are also two private schools providing alternative education options. These institutions demonstrate consistently high academic performance. Additionally, six universities and colleges, in close proximity, serve higher education needs, ensuring continued learning opportunities post-K-12. This range of institutions reflects the area’s commitment to diverse and inclusive education.
Infrastructure and Transportation
The 78703 zip code in Austin, TX is well-connected, featuring numerous roads and highways and a robust public transit system. These aspects are essential for residents and visitors alike.
Roads and Highways
The 78703 area is served by several major roads, ensuring accessible connectivity. MoPac Expressway (Loop 1) runs along the western edge of the zip code, providing a critical north-south route. Farm to Market Road 2222 is another key road, intersecting with MoPac and moving east-west through the area.
Additionally, West 5th Street and West 6th Street are prominent thoroughfares that lead directly into downtown Austin. These roads are vital for daily commutes and contribute to the excellent infrastructure of the 78703 zip code.
Side streets and local roads are well-maintained, ensuring smooth transit within neighborhoods. The presence of bikeways and pedestrian paths further enhances mobility options, contributing to a comprehensive and user-friendly infrastructure.
Public Transit Systems
Public transport in the 78703 zip code is managed primarily by Capital Metro, Austin's public transit provider. Several bus routes service the area, including routes along Lake Austin Boulevard and Enfield Road, making public transport a viable option for residents.
MetroRapid Routes offer fast and frequent service, and there are plans to further enhance these routes. Additionally, bus stops at strategic locations ensure accessibility and convenience.
Residents of the 78703 area also benefit from proximity to multiple rail stations, part of the broader significant transit network. Ride-sharing services and bike-sharing programs, such as Austin B-cycle, are also popular among commuters, offering flexibility and enhanced connectivity.
Health and Environment
In the 78703 ZIP code area of Austin, TX, residents and visitors have access to a variety of healthcare facilities and experience specific environmental conditions including weather and wind patterns.
Healthcare Facilities
78703 is home to several prominent healthcare facilities. Ascension Seton Medical Center Austin and St. David’s Medical Center provide extensive medical services including emergency care, surgery, and specialty treatments. These institutions are known for their advanced medical technology and skilled healthcare professionals.
In addition to hospitals, there are numerous clinics and specialty practices addressing diverse medical needs. The CommUnityCare Clinic offers primary care services to residents. Mental health services are available through organizations like Integral Care, supporting the well-being of the community.
For routine medical check-ups, vaccinations, and minor treatments, residents often turn to urgent care centers and local family physicians spread across the area. Pharmacies such as Walgreens and CVS Pharmacy ensure accessible medication services.
Environmental Conditions and Weather
The weather in the 78703 area is characterized by hot summers and mild winters. During the summer months, temperatures can often exceed 100°F, posing challenges for outdoor activities and necessitating proper heat precautions. Winters are generally mild, with average temperatures rarely dipping below 40°F.
Wind patterns in this area predominantly come from the southeast, bringing in warm, humid air from the Gulf of Mexico. During certain periods, these winds can lead to increased pollen levels, impacting those with respiratory conditions and allergies.
The environmental quality, including air and water, is monitored by state and local agencies. The area benefits from numerous parks and green spaces like Pease Park and Shoal Creek Trail, which promote outdoor recreation and community health.
Residents are encouraged to stay informed about air quality indices, especially during high-pollen seasons and ozone action days, to mitigate environmental health risks.
The 78703 ZIP code thus offers a mix of robust healthcare options and a relatively benign climate, contributing to the overall living quality in this part of Austin, TX.
Public Services and Government
The 78703 ZIP code in Austin offers essential public services including emergency services and local government offices. These services ensure the safety and well-being of its residents in Tarrytown and the surrounding areas.
Emergency Services
Emergency services in the 78703 area are robust and well-coordinated. The Austin Fire Department covers this region with multiple fire stations, ensuring quick response times. Emergency medical services (EMS) are available 24/7 and are well-equipped to handle various medical emergencies. Additionally, the Austin Police Department patrols the area and operates a local precinct within the ZIP code.
Residents can access emergency services via the standard 911 system, which connects them to the nearest available unit. Fire, police, and EMS work together to provide comprehensive emergency response coverage. The presence of these services offers peace of mind to the residents, knowing they are protected in case of unforeseen events.
Local Government and Public Offices
Local government and public offices in the 78703 ZIP code provide essential administrative services to residents. The area falls under the jurisdiction of the City of Austin, which manages various public amenities and infrastructure projects. Key offices include the Austin City Hall, located within a short drive, where residents can address civic issues and access municipal services.
Public libraries, parks, and community centers are managed by the city's Parks and Recreation Department. These facilities offer a range of programs and resources for residents of all ages. The City of Austin also provides utilities such as water, waste management, and electricity services to Tarrytown and the surrounding neighborhoods.
In summary, the 78703 ZIP code is well-served by both emergency services and local government offices, ensuring a high quality of life for its residents.
