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These days, finding an affordable place to live in the 78116 area can be challenging. Home prices in 78116 are now at a median cost of $383,300, higher than the Texas average of $322,096.
The average cost of rent is $957/mo in 78116, primarily driven by the current value of real estate in the 78116 area. In 78116, 5.98% of households rent, and 92.58% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 78116 is $7,639 per month. Households that rent pay about 12.53% of their income on rent here. 78116’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the zip.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Zip Codes
- 78143, TX: less expensive homes
- 78140, TX: less expensive homes
- 78159, TX: less expensive homes
- 78160, TX: less expensive homes
- 78147, TX: less expensive homes
- 77994, TX: less expensive homes
- 78161, TX: less expensive homes
- 78114, TX: less expensive homes
- 77954, TX: less expensive homes
- 78112, TX: less expensive homes
Zip Codes with Similar Populations
- 26690, WV: less expensive homes
- 84113, UT: higher priced homes
- 84023, UT: less expensive homes
- 84018, UT: higher priced homes
- 83011, WY: higher priced homes
- 82423, WY: less expensive homes
- 79503, TX: less expensive homes
- 45155, OH: less expensive homes
- 41760, KY: less expensive homes
- 29932, SC: less expensive homes
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