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These days, finding an affordable place to live in the 78416 area can be challenging. Home prices in 78416 are now at a median cost of $77,921, lower than the Texas average of $235,268.
The average cost of rent is $919/mo in 78416, primarily driven by the current value of real estate in the 78416 area. While nearly 67.88% of residents own their homes outright in 78416, 41.42% rent.
Housing affordability isn’t just about home prices, though. The average household income in 78416 is $3,609 per month. Households that rent pay about 25.45% of their income on rent here. 78416's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the zip.
Nearby Zip Codes
- 78405, TX: equally priced homes
- 78415, TX: higher priced homes
- 78417, TX: higher priced homes
- 78404, TX: higher priced homes
- 78408, TX: equally priced homes
- 78411, TX: higher priced homes
- 78401, TX: higher priced homes
- 78407, TX: higher priced homes
- 78413, TX: higher priced homes
- 78402, TX: higher priced homes
Zip Codes with Similar Populations
- 75762, TX: higher priced homes
- 30110, GA: higher priced homes
- 30642, GA: higher priced homes
- 31023, GA: higher priced homes
- 31501, GA: higher priced homes
- 31632, GA: higher priced homes
- 43210, OH: higher priced homes
- 70615, LA: higher priced homes
- 70814, LA: higher priced homes
- 71104, LA: higher priced homes
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