ZIP 78703
Exploring Austin's Premier Neighborhood
Nestled in the heart of Austin, Texas, ZIP Code 78703 offers a blend of historic charm and modern amenities. The median home value of $641,200 reflects the area's highly desirable real estate market, drawing many who seek a vibrant community with close-knit neighborhoods. This ZIP code is part of Travis County and boasts architectural styles ranging from homes built in the early 1900s to newer constructions from the 2000s.
Residents of 78703 enjoy access to a robust educational landscape, including the Austin Independent School District, which administers eight public schools. Proximity to both public and private educational institutions, as well as six universities, enhances the community's appeal. The short commute to these schools makes the area particularly attractive for families and students.
Local businesses, scenic landmarks, and convenient traffic routes characterize life in 78703. Whether navigating through MapQuest for traffic updates or exploring the local offerings, people here find a harmonious blend of urban and suburban living. The community spirit thrives amidst the convenience of nearby ZIP codes like 78701 and 78705, making 78703 a notable part of Austin's diverse tapestry.
More about ZIP 78703
Geographic Profile
Situated in the heart of Austin, Texas, ZIP code 78703 offers a blend of cultural landmarks and diverse neighborhoods, including Tarrytown. The geographic profile of this area includes specific details on its location, size, and neighboring regions.
Land Area and Location
ZIP code 78703 encompasses a land area of approximately 3.95 square miles. It is positioned within Travis County and falls under the area code 512. The coordinates are roughly 30.2942° N latitude and 97.7636° W longitude.
This ZIP code includes parts of the iconic Tarrytown neighborhood and is flanked by notable streets and waterways such as Lake Austin and the Colorado River. Given its central location, the 78703 area enjoys a mix of residential and commercial properties, effectively balancing modern living with scenic, historical charm.
Neighboring Areas
ZIP code 78703 is bordered by several prominent Austin ZIP codes. To the north, it neighbors 78731 and 78751, while to the east, it connects with 78701, the downtown area. The southern edge touches 78704, further adding to its central urban character.
West of 78703, across Lake Austin, lies ZIP code 78746, known for its affluent communities. This prime positioning makes 78703 a hub that is well connected to various parts of Austin, facilitating easy access to the city’s amenities while also providing a calm residential atmosphere.
These surrounding areas contribute significantly to the ZIP code’s desirability, offering a rich mix of facilities, cultural experiences, and scenic beauty that underscores its appeal.
Demographics
ZIP code 78703 in Austin, Texas, is a vibrant and diverse area with a fairly dense population. This section offers a deep dive into the population metrics, household composition, and racial and ethnic composition of the area, providing a detailed picture of its demographic landscape.
Population Metrics
The total population of ZIP code 78703 is estimated to be around 23,568 residents. This area has a notable population density of approximately 3,947 people per square mile. Over recent years, the population density and total population have shown steady growth, indicating an increasingly vibrant community.
The median household income in 78703 is relatively high, reflecting the area's economic stability. Residents benefit from its close location to central Austin, which contributes to the desirability and growth of this ZIP code.
Household Composition
Households in ZIP code 78703 are varied, with a mix of family households and non-family households. Data shows that there are about 12,844 houses and condos in the area. A significant number of these households, approximately 50%, are renter-occupied apartments, highlighting a preference for renting over homeownership among residents.
The average household size in this area is moderate, and family households typically average around 3.0 members. This area sees diverse living arrangements, including families, singles, and groups living in shared housing.
Racial and Ethnic Composition
The racial and ethnic composition of ZIP code 78703 is primarily white, making up a large majority of the population. There are also smaller percentages of Black, Hispanic, and Asian residents.
This diversity contributes to a rich cultural fabric within the community. The varying ethnic groups add to the area's cultural events, food options, and overall community engagement, making it a dynamic place to live.
The demographic trends in 78703 reflect both its historical roots and modern-day appeal, resulting in a richly layered community.
Education and Employment
In zip code 78703, residents have access to quality education and a robust job market. Key educational institutions and significant employment opportunities contribute to the area's attractiveness for families and professionals alike.
Academic Achievement
In the 78703 area, educational attainment is notably high. A significant percentage of residents hold at least a bachelor's degree, with many also possessing professional or graduate degrees.
The completion of high school diplomas is nearly universal, reflecting the strong emphasis on education in the community. Educational attainment often correlates with the median and family incomes, suggesting that higher education levels are linked to better job opportunities and living standards.
Schools in Zip Code 78703
Zip code 78703 is served by several reputable public schools. These institutions offer a range of programs from elementary to high school levels, ensuring comprehensive education paths for students.
Several schools in this area are recognized for their academic excellence, often reflected in standardized test scores and college acceptance rates. The emphasis on quality education is evident, making this a sought-after area for families prioritizing education for their children.
Workforce Information
The employment rate in zip code 78703 is relatively high, with a diverse range of professions represented. High educational attainment contributes to a well-rounded workforce engaged in various sectors including technology, healthcare, and education.
The median income in this area supports a comfortable lifestyle, with many households earning substantial incomes relative to the national average. The local labor force is highly skilled, reflecting the area's strong emphasis on professional development and continuous learning.
Employment opportunities are abundant, contributing to the overall economic stability of the region.
Economic Overview
The 78703 ZIP code in Austin, TX is characterized by specific economic metrics that reflect the area's prosperity and housing market dynamics.
Income Statistics
Residents of the 78703 ZIP code have a median household income significantly higher than both the state and national averages. Per capita income also indicates a high level of individual earnings. A typical family’s adjusted gross income comfortably supports a standard of living well above the national mean.
Median Household Income: $110,000
Per Capita Income: $75,000
Average Adjusted Gross Income: $120,000
The income levels illustrate a generally affluent community, where many households benefit from well-paying jobs and professional occupations.
Real Estate and Housing
The 78703 area boasts a robust real estate market, characterized by high property values and a mix of housing options. The median house value in this ZIP code is notably higher than elsewhere in Texas.
Median House Value: $950,000
Total Housing Units: 8,000
Homeownership Rate: 60%
This high valuation reflects the area's desirability and the quality of local amenities. The total number of housing units includes a variety of homes, from single-family houses to apartments, suggesting a diverse housing stock that caters to both buyers and renters.
Governance and Administration
The ZIP code 78703 falls under the jurisdiction of the city of Austin and Travis County, which provide various governmental and administrative services to residents.
Local Government
The city of Austin governs ZIP code 78703 and delivers essential services including public safety, zoning, and development regulations. The Mayor and City Council oversee the administration and policymaking.
Travis County supplements these services, focusing on larger-scale infrastructure, public health, and law enforcement. Residents are represented at multiple levels, ensuring comprehensive coverage of local concerns.
City offices and county facilities are accessible for public inquiries, ensuring that governance remains transparent and interactive.
