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Affordable
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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 $100,863, lower than the Texas average of $322,096.
The average cost of rent is $1,038/mo in 78416, primarily driven by the current value of real estate in the 78416 area. In 78416, 37.19% of households rent, and 75.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in 78416 is $3,447 per month. Households that rent pay about 30.12% of their income on rent here. 78416’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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
- 78405, TX: less expensive homes
- 78415, TX: higher priced homes
- 78417, TX: higher priced homes
- 78404, TX: higher priced homes
- 78408, TX: less expensive 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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