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These days, finding an affordable place to live in the 78016 area can be challenging. Home prices in 78016 are now at a median cost of $163,197, lower than the Texas average of $235,268.
The average cost of rent is $723/mo in 78016, primarily driven by the current value of real estate in the 78016 area. While nearly 57.29% of residents own their homes outright in 78016, 27.84% rent.
Housing affordability isn’t just about home prices, though. The average household income in 78016 is $4,242 per month. Households that rent pay about 17.04% of their income on rent here. 78016's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the zip.
Nearby Zip Codes
- 78059, TX: equally priced homes
- 78057, TX: higher priced homes
- 78052, TX: less expensive homes
- 78005, TX: higher priced homes
- 78002, TX: less expensive homes
- 78886, TX: equally priced homes
- 78069, TX: less expensive homes
- 78073, TX: less expensive homes
- 78065, TX: less expensive homes
- 78264, TX: less expensive homes
Zip Codes with Similar Populations
- 99026, WA: higher priced homes
- 74437, OK: less expensive homes
- 78003, TX: higher priced homes
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- 93286, CA: higher priced homes
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- 95033, CA: higher priced homes
- 95064, CA: higher priced homes
- 95694, CA: higher priced homes
- 95946, CA: higher priced homes
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