78704 ZIP Code Location
Discover Austin's Unique Neighborhood
Nestled in the heart of Austin, TX, ZIP code 78704 stands as a vibrant and sought-after location in Travis County. Covering nearly 8.8 square miles, this area is known for its high population density and a community that's primarily composed of individuals in their late 20s to early 40s. The neighborhood's unique charm and central positioning make it a coveted spot for residents and visitors alike.
78704 offers a dynamic blend of local businesses, landmarks, and cultural hotspots. From the bustling South Congress Avenue to the serene Zilker Park, this ZIP code encapsulates the essence of Austin's eclectic spirit. Residents enjoy easy access to major highways and thoroughfares, enhancing the convenience of living in such a central area.
Whether you're looking to explore trendy shops, engage in outdoor activities, or savor the local cuisine, ZIP code 78704 has something to offer for everyone. With its distinct character and prime location, it's no wonder that this area remains one of Austin's most desirable locales.
More about ZIP 78704
Geographical Overview
ZIP Code 78704, located in Austin, Texas, encompasses a diverse land area with notable neighborhoods and parks. This region offers ample accessibility and detailed maps for easy navigation.
Boundaries and Land Area
ZIP Code 78704 covers approximately 8.8 square miles. This includes central areas within Austin as well as parts of Travis County. The coordinates for this region are roughly 30.24, -97.75. ZIP Code 78704 features a slightly less than average percentage of vacancies, indicating a well-populated area.
The boundaries extend to various landmarks and commercial zones, making it a distinct locale within the city. This land area supports a density of 5,733.4 people per square mile.
Neighborhoods and Parks
Several renowned neighborhoods, such as Travis Heights, lie within ZIP Code 78704. Known for its vibrant community and historic homes, it draws a mix of residents. The neighborhood also has a diverse mix of architectural styles and cultural sites.
Numerous parks like the Barton Springs Pool and Zilker Park offer recreation and natural escapes. These parks are critical not only for leisure but also for community events, contributing to the active lifestyle of residents.
Accessibility and Maps
78704 is easily accessible through various roads and public transit options. The area code for telephone services is 512. Multiple maps are available for navigation, showing detailed routes and landmarks.
Important roads such as South Congress Avenue and Lamar Boulevard run through this area, connecting it to other parts of Austin. Accessibility is enhanced by frequent buses and bike lanes, making daily commutes convenient.
These qualities highlight the geographical significance of ZIP Code 78704.
Demographics and Population
The 78704 ZIP code area in Austin, Texas, encompasses a diverse and dense population with a mix of age groups and ethnic backgrounds. The community within this region exhibits unique demographic patterns and household compositions.
Population Statistics
According to the latest data from the American Community Survey, ZIP code 78704 has a population of approximately 50,250 people. Covering an area of 8.8 square miles, this results in a population density of 5,733.4 people per square mile. These figures highlight the area's significant population density compared to other regions in Texas.
Age Distribution
The age distribution in 78704 skews towards a younger demographic. The largest segment of the population falls within the late 20s to early 40s age bracket, indicating a vibrant and dynamic community. The median age is approximately 34 years. Notably, the number of seniors above age 65 is relatively small, which may reflect the youthful nature of the area.
Ethnicity and Race
The ethnic makeup of 78704 is diverse:
White: The majority of the population identifies as White.
Hispanic: A significant portion of the residents are of Hispanic origin.
Other Races: Smaller percentages include African American, Asian, and individuals of mixed race.
This varied demographic composition contributes to the cultural richness of the area.
Household Composition
Household sizes in 78704 vary. The average household size is about 2.1 individuals. The average family size is slightly larger, emphasizing small to medium-sized family units. The community comprises a mix of single-person households, young families, and shared living arrangements, reflecting the diverse lifestyle preferences within the ZIP code.
In summary, the demographics and population dynamics of 78704 make it a distinctive and vibrant part of Austin, Texas. The area's demographic trends underline its youthful spirit and rich cultural tapestry.
Economic Profile
The economic profile of the 78704 ZIP code provides insight into income levels, employment statistics, and the distribution of household incomes. This section details key figures and trends in these areas, offering a clear picture of the local economy.
Income Levels
Residents of 78704 have an average annual income of $38,699. The income tax rate is 0%, which can positively impact disposable income compared to the national average tax rate of 4.6%. These factors contribute to the economic appeal of the area.
Per Capita Income: $38,699
Income Tax Rate: 0%
Compared to the US average income of $28,555, 78704 boasts higher earning levels, reflecting its economic vitality. High-income households are more prevalent in this area, attracting professionals and boosting local businesses.
Employment Rate
The employment rate in 78704 stands at 96.5%, with an unemployment rate of just 3.5%. These figures highlight a robust local job market, supported by Austin's diverse economic base.
Employment Rate: 96.5%
Unemployment Rate: 3.5%
These strong employment statistics suggest a stable economy with ample job opportunities. The proximity to downtown Austin enhances employment prospects, attracting skilled workers and professionals to the area.
Household Income Distribution
Household incomes in 78704 vary widely, showcasing a diverse economic landscape. The median household income in this ZIP code is a key indicator of economic health.
Median Household Income: Available through local real estate reports and census data.
Income distribution ranges from lower to high-income households, supporting a mixed community profile. Many families and individuals benefit from the higher-than-average incomes, while the presence of various income brackets fosters economic diversity. This distribution underlines the broad appeal and resilience of the 78704 area in economic terms.
Setting specific dollar figures and statistics in bold and italic helps highlight the most critical data points and ensures clarity and emphasis.
Housing and Real Estate
The housing market in the 78704 zip code area offers a diverse array of properties. It's known for its mix of modern developments and traditional homes, with a significant variation in pricing and rental options.
Housing Units and Types
In the 78704 zip code, housing units range from single-family homes to modern condos and townhouses. Older bungalows and ranch-style houses are common, reflecting the area's mid-20th-century roots.
Recent years have seen an increase in multi-unit structures, such as apartment complexes and lofts. Many developments include amenities like pools, gyms, and shared outdoor spaces. The variety allows potential homeowners to choose from different architectural styles and property sizes.
Real Estate Prices
Real estate prices in 78704 have seen a steady increase. The median listing price is around $992,500. Prices can start as low as $210,000 for smaller units or older homes but can reach as high as $6 million for luxury properties.
The median house value in this area highlights its appeal and investment potential. Factors such as proximity to downtown Austin and quality of schools contribute to higher property values.
Rental Market
The rental market in 78704 is quite active, with options ranging from affordable apartments to high-end rental homes. The gross rent can vary significantly, influenced by factors like location, amenities, and property size.
There's a mix of short-term and long-term rental options. Turn-key townhouses and modern lofts are popular among renters. Many vacant housing units in the area are promptly leased due to demand, reflecting the neighborhood's desirability.
Education and Institutions
The 78704 ZIP code in Austin, Texas, boasts an array of educational opportunities, with a diverse array of primary, secondary, and higher education institutions. This section addresses the educational attainment of local residents, the variety of schools available, and the community services supporting education.
Educational Attainment
Residents of the 78704 area show a notable level of educational attainment. According to census data, 5.1% of the population have less than one year of college education. Meanwhile, a substantial portion, around 20.4% of residents, have earned a bachelor's degree or higher.
A smaller percentage have gone on to achieve professional degrees, reflecting a well-educated community. This level of education plays a significant role in shaping the local economy and cultural environment, influencing everything from job markets to social dynamics.
Schools and Colleges
The ZIP code 78704 falls under the Austin Independent School District (AISD), which serves Grades PK through 12. There are:
18 public schools within the area
3 private schools serving various educational needs
For higher education, several institutions are situated nearby, including St. Edward's University, which provides a range of undergraduate and graduate programs. These institutions offer diverse educational opportunities, allowing residents to pursue various academic and professional aspirations without leaving their community.
Community Services
Community services in 78704 provide substantial support for educational initiatives. Libraries, such as the Austin Public Library's Twin Oaks Branch, deliver resources and programs that foster learning for all ages. Additionally, numerous community centers offer after-school programs, educational workshops, and adult education classes.
These services are crucial in promoting literacy, lifelong learning, and community engagement. Partnerships between schools and local organizations also enhance educational experiences, supporting student achievement and community development.
By offering these resources, 78704 ensures a supportive educational environment, prioritizing the growth and success of its residents.
Infrastructure and Amenities
The 78704 ZIP code area in Austin, TX, is well-equipped with a robust transportation network, accessible healthcare facilities, and a variety of recreational opportunities. This blend of infrastructure and amenities enhances the lifestyle quality for residents and visitors alike.
Transportation and Roads
78704 boasts a comprehensive transportation system, making commuting and travel straightforward and efficient. The area is served by major roads like South Congress Avenue and Lamar Boulevard, offering easy access to downtown Austin and other parts of the city.
Public transportation options include bus routes from Capital Metro, providing convenient alternatives to driving. For those with RVs, boats, or vans, there are ample storage facilities and parking options. The well-maintained bike lanes also support a growing cyclist community.
Healthcare and Hospitals
Access to quality healthcare is a priority in 78704. There are several hospitals and clinics, including the St. David's South Austin Medical Center, which offers a range of services from emergency care to specialized treatments.
In addition to major hospitals, the area features numerous smaller clinics and specialist practices. These facilities ensure that residents have multiple options for both urgent and routine medical care. Pharmacy chains like Walgreens and CVS are also readily available for medication and health-related needs.
Recreation and Entertainment
Residents and visitors in 78704 enjoy an array of recreational and entertainment options. The area is known for its lively atmosphere with numerous parks, such as Zilker Metropolitan Park, where outdoor activities like fishing, boating, and hiking are popular.
Entertainment venues abound, with South Congress Avenue offering a variety of dining, shopping, and nightlife options. The area is also home to several music venues, theaters, and art galleries, ensuring a dynamic cultural experience. For those interested in fitness, there are many gyms, yoga studios, and sports complexes.
With its varied infrastructure and amenities, 78704 provides a vibrant and convenient living environment.
Local Services and Government
Residents of the 78704 zip code area in Austin, TX, have access to various local services and government functions that support their daily needs and community growth. These range from postal services to community planning and development, to local government and community engagement efforts.
Post Offices and Postal Services
The 78704 zip code is served by several post offices, ensuring convenient access to mailing services for its residents. Post offices in the area include the South Congress Post Office prominently located to serve the population efficiently.
Services provided at these locations include mail and package delivery, P.O. Box rentals, and passport services. Residents can also access self-service kiosks for quicker service options. Postal services are available Monday through Saturday, with extended hours to accommodate working individuals.
Planning and Development
Planning and development in 78704 are managed by the Austin City Planning Department. This department oversees zoning regulations, building permits, and land development projects to ensure sustainable growth. The area is undergoing significant transformations with new residential and commercial developments popping up to meet the growing demand.
Public meetings are held regularly wherein citizens can voice their opinions and stay informed about upcoming projects. Keeping a balance between development and maintaining the neighborhood's unique character is a priority.
Government and Community Engagement
Government and community engagement in 78704 are robust, driven by local councils and community organizations. The City of Austin provides various channels for residents to participate in community decision-making processes. Community meetings, public forums, and local council sessions are commonly held to address residents' needs and concerns.
Residents also have access to numerous resources such as the city’s official website and phone services enabling them to report issues or request services. Volunteer opportunities and local events increase community involvement, ensuring that the voices of the residents shape the ongoing developments in the area.
Economic Indicators and Trends
The 78704 zip code is notable for its dynamic economic environment, reflecting the cost of living, economic growth rate, and innovation within the area.
Cost of Living
The cost of living in 78704 is influenced by several factors, including housing, utilities, and groceries. Housing costs, in particular, are significant, with the average price of homes and rental rates reflecting the area's desirability and proximity to downtown Austin.
Housing: Higher than the national average and Austin metro area averages.
Utilities: Comparable to national levels.
Groceries: Slightly above average due to high demand.
This combination of costs requires residents to have substantial income levels to maintain a comfortable lifestyle.
Economic Growth Rate
The economic growth rate in 78704 is robust, backed by a combination of local businesses and corporate investments. The zip code has experienced considerable growth, with new developments and business establishments emerging rapidly.
Job Market: A diverse mix of industries including technology, retail, and hospitality.
Unemployment Rate: Lower than the national average, demonstrating a healthy job market.
Income Levels: Increasing annually, reflecting the thriving economy.
This rapid growth signals a positive economic trajectory, making it an attractive location for both businesses and individuals.
Technology and Innovation
78704 is a hub of technology and innovation, benefiting from its proximity to tech giants and startups within the Austin metro area.
Tech Companies: Presence of numerous tech startups and established firms.
Innovation: High levels of innovation driven by collaborative spaces and local support for technological advancements.
Workforce: Skilled and educated workforce contributing to the tech-driven economy.
This environment fosters a culture of creativity and progress, positioning 78704 as a key player in the region's technological landscape.
Data and Research
78704, located in Austin, Texas, provides valuable data for demographic, housing, and economic studies. Notable insights are drawn from census data, housing surveys, and various economic indicators.
Census Information
The 78704 zip code encompasses an area of 8.8 square miles with a population density of 5,733.4 people per square mile, according to the latest ACS 2022 5-year data. The total population stands at 50,250, highlighting its significant residential community.
Demographics include a varied age and gender distribution, with notable diversity. The Native group includes both Native American and Alaskan Native individuals, reflecting a multicultural populace. This data is crucial for social planning and community services.
Housing Estimates and Surveys
Housing in 78704 primarily consists of units built in the 1970s. Housing surveys indicate that a large majority of households in this area are rented rather than owned.
The median home value in this zip code is $347,500, which is higher than the national average and nearby ZIP codes. This makes inexpensive housing scarce. The housing data is essential for real estate market analysis and urban development planning.
Economic Studies
Economic data shows a varied income distribution within the 78704 area. Discussions around adjusted gross income (AGI) reveal insights into the economic well-being of residents.
The median household income and average AGI provide a comprehensive picture of economic conditions. This information aids in understanding the economic landscape, essential for city planners, economists, and policy-makers.
Housing costs, employment statistics, and income levels collectively shape the economic profile of 78704. These studies are vital for gauging the area's economic health and planning future investments.
Population Characteristics
The 78704 ZIP code in Austin, TX is a vibrant area known for its diverse demographic makeup and active community. This section provides insight into the gender distribution, family structures, occupations, industries, and educational levels within this ZIP code.
Gender and Family Dynamics
In the 78704 area, the population displays a balanced gender distribution. There is a near-equal number of males and females residing in this ZIP code. Family dynamics show that a significant portion of households are composed of married-couple families.
Additionally, there are numerous nonfamily households, many of which include female householders. Families with children tend to have younger parents, as evidenced by the considerable population in their late 20s to early 40s. This demographic structure contributes to the dynamic and youthful nature of the community.
Occupations and Industry
Residents of 78704 are employed across a wide range of occupations and industries. Many work in professional and technical sectors, reflecting the area's proximity to Austin's booming tech and innovation hubs. Key industries include technology, healthcare, education, and professional services.
A notable portion of residents hold positions in managerial roles, while others are employed in sales, administrative support, and service industries. This diverse occupational landscape underscores the area's economic versatility and the varied skill sets of its inhabitants.
Education and Professional Skills
The educational attainment in 78704 is substantial, with many residents holding advanced degrees. A significant number of individuals possess a professional degree or at least a high school diploma.
Education levels show that many adults have pursued higher education, contributing to the high number of professionals and skilled workers in the area. Local educational institutions and continuous learning opportunities further support the residents' professional and personal development. This focus on education and skills enhancement ensures that the 78704 community remains competitive and capable in various fields.
