ZIP 78722
Discover Life in This Vibrant Austin Neighborhood
Nestled in Austin, TX, ZIP Code 78722 offers a unique glimpse into a charming and historic neighborhood. This area, located within Travis County, covers a modest 1.355 square miles and boasts a population of approximately 7,481 people. The majority of the homes in 78722 date back to the 1940s and 1950s, providing a nostalgic touch to the vibrant community.
Residents experience a dense urban environment with a population density of about 4,884.1 people per square mile. The local real estate market is notable, with a median home value sitting at $279,200, which is relatively high compared to national standards. This suggests a robust housing market and a desirable location within the broader Austin metropolitan area.
The community in 78722 primarily consists of rented households, contributing to its dynamic and ever-evolving character. The area is well-served by amenities, including the presence of nursing homes, making it suitable for various demographics. ZIP Code 78722’s blend of historic charm and modern vibrancy makes it a standout destination within Austin, TX.
More about ZIP 78722
Demographic Overview
The demographic profile of ZIP Code 78722 in Austin, TX, offers rich insight into its population distribution, density, racial and ethnic composition, age, and gender demographics.
Population and Density
ZIP Code 78722 has a total population of approximately 6,308 residents. The area spans 1.4 square miles, resulting in a population density of about 4,654.2 people per square mile. This reflects a moderately dense residential area compared to other parts of the country.
Households in 78722 are primarily renters, with many homes built in the 1940s and 1950s. The median home value in this area is $279,200. The community also features nursing homes, providing a variety of living options for its residents.
Race and Ethnicity
The racial and ethnic makeup of ZIP Code 78722 is diverse. While detailed specific figures aren't provided, the population includes significant percentages of White, Black, Hispanic, Asian, and Native American individuals.
Statistical Atlas and Census Reporter data highlight the variety of cultures represented in this area. Understanding this diversity is crucial for comprehending both social dynamics and community needs.
Age and Gender
The median age of residents in ZIP Code 78722 is not specified in the search results, but the total population includes a wide range of ages.
The gender distribution reflects a balanced community. There are 4,038 civilian employees aged 16 or older, with women earning roughly 91.40% of men's earnings. This indicates nearly equitable income distribution between genders.
These metrics provide a snapshot of the age and gender demographics within the 78722 zip code area.
Economic Profile
The 78722 zip code area exhibits a diverse economic landscape marked by varied income levels, employment opportunities, and a growing business environment. Key economic indicators such as median household income, labor force participation, and business growth rates provide insight into the local economy.
Income Statistics
Median household income in the 78722 zip code is an essential indicator of economic wellbeing. The area displays a mix of high and moderate income levels, with many households earning above the state and national averages.
A significant portion of residents earn between $50,000 and $100,000 annually, reflecting the presence of a stable middle class. The distributions across different income brackets highlight economic diversity and varying degrees of financial stability among residents.
Employment and Labor
Employment in the 78722 area is characterized by a strong labor force participation rate. Many residents are engaged in various sectors, including education, healthcare, and professional services.
The employment rate remains robust, though there are pockets of unemployment that merit attention. Common occupations among the employed populace include administrative roles, technical positions, and managerial jobs. These roles underscore the skills and qualifications prevalent in the local labor force.
Business and Growth
Business activity in 78722 has seen considerable growth, driven by both new ventures and established companies. The area fosters a supportive environment for businesses, contributing to a dynamic local economy.
Several small and medium-sized enterprises operate in retail, food services, and technology sectors. The growth rate of new businesses suggests a positive economic climate, encouraging entrepreneurship and innovation. This business-friendly atmosphere has positioned 78722 as a vibrant and growing economic hub.
Housing and Real Estate
The 78722 area of Austin, TX offers a diverse housing market with a range of home types and prices. The real estate trends highlight rising property values, indicative of a strong and competitive market.
Housing Characteristics
Housing in the 78722 zip code varies from historic homes to modern condos. Many properties feature unique architectural styles that reflect Austin's eclectic vibe. This area includes a mix of single-family homes, townhouses, and apartments.
Typically, the houses have 2 to 4 bedrooms, with lot sizes averaging around 3,700 square feet. Residential properties often include amenities such as hardwood floors, updated kitchens, and spacious yards. Historical charm is common, with many homes dating back to the mid-20th century.
With consistent maintenance and renovations, these homes retain their value and appeal. Public amenities, parks, and schools in the vicinity add to the attractiveness of the housing options in this zip code.
Real Estate Market Trends
The real estate market in 78722 reflects a robust demand. The median listing price for homes is approximately $599,000. Listings show various price points, with some properties exceeding this median, especially those that have been recently renovated or are located in prime areas.
Recent trends indicate a gradual increase in home values, driven by the area's popularity and limited supply. Homebuyers can expect to find properties that are highly sought after, often leading to competitive bidding situations.
New listings usually garner significant attention, and homes in good condition sell quickly. Real estate agents report low inventory levels, spurring higher prices and quick sales cycles in this neighborhood.
Together, these factors make 78722 a dynamic and appealing market for potential homeowners and investors.
Educational Landscape
ZIP code 78722 in Austin, TX, features a diverse and robust educational environment characterized by varying levels of educational attainment and a mix of public schools.
Educational Attainment
In ZIP code 78722, residents achieve a wide spectrum of education levels. A significant percentage have completed high school, and a notable portion hold bachelor's degrees. There's also a presence of advanced degree holders, including those with master's and professional degrees.
Education levels in this area reflect the urban setting, with opportunities for higher education bolstered by proximity to central Austin and local universities. The value residents place on education is evident in their pursuit of advanced degrees.
Public Schools and Institutions
78722 offers access to several public schools known for their quality and performance. SchoolDigger provides insights into these institutions, tracking attendance boundaries, scores, and rankings. Families can choose options based on their preferences for academic focus and extracurricular activities.
Primary education reflects strong community involvement, ensuring schools are equipped with resources for comprehensive student development. Public schools here deliver foundational education, making the area suitable for families prioritizing academic success.
Geographic and Climate Profile
ZIP Code 78722 covers a specific area in Austin, Texas, known for its location within Travis County. The climate exhibits distinct seasonal variations typical of the region.
Area and Geographical Features
ZIP Code 78722 is located entirely within Travis County in Austin, Texas. It is part of the Metro Austin region, providing convenient access to city amenities.
The area includes both residential and commercial zones, contributing to a diverse community. Parks and green spaces are scattered throughout, adding to the area's appeal. The land area of ZIP Code 78722 contributes to its moderately dense population, with about 6,308 residents. This density allows for a balanced urban environment.
Time Zone and Area Codes
ZIP Code 78722 operates within the Central Time Zone (CT). This means that it observes Central Standard Time (CST) during standard time and Central Daylight Time (CDT) when daylight saving time is in effect.
The area codes serving ZIP Code 78722 are 512 and 737. These area codes cover the greater Austin region, reflecting the city's growing population and expanding communications network. These codes are essential for telephone services and connectivity within the area.
Taxation and Household Finances
Residents of the 78722 ZIP code experience diverse fiscal realities. The median household income in this area is $85,137, representing a stable middle-to-upper-middle-class bracket. Meanwhile, the average adjusted gross income (AGI) varies across different demographics, providing a snapshot of the area's economic diversity.
Household Income:
Median Household Income: $85,137
Median Individual Income: $53,119
Taxation heavily influences household finances in 78722. Federal income tax rates apply uniformly, whereas state taxes can vary. Texas, known for having no state income tax, mitigates the tax burden on residents, enhancing disposable income.
Consider the composition of taxable income:
Wages and Salaries: Predominant source
Investment Income: Significant for higher earners
Social Security Benefits: Relevant to retirees
Local property taxes also play a substantial role. With real estate prices and home values noted for their importance, the property tax rate on homes impacts the financial planning of homeowners. High property taxes can affect the overall housing affordability in the area.
Key Financial Implications:
Property Taxes: Influential on both property owners and renters
Sales Tax: 8.25% in Austin, adding to daily living costs
Poverty and Wealth Distribution:
Approximately 11.5% of the population lives below the poverty line
Wealth is unevenly distributed, with notable income disparities
Household finances in the 78722 ZIP code are shaped by multiple factors. From no state income tax easing the tax load to property taxes affecting home affordability, financial planning requires careful consideration of these varied elements.
