78230 ZIP Code Housing Market
$341,500median sale price
Quick answer: The median home sale price in ZIP code 78230 is $341,500, down 6.3% year-over-year. Homes sell in an average of 85 days with 116 active listings. The market is currently a leaning buyer's.
78230 market data
| Metric | Value |
|---|---|
| Median sale price | $341,500 |
| Median list price | $350,000 |
| Year-over-year price change | -6.3% |
| Average days on market | 85 days |
| Active inventory | 116 listings |
| Sale-to-list price ratio | 96.8% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated weekly
The 78230 zip code, located in McGregor, TX, is currently classified as a leaning buyer's. The median sale price stands at $341,500, representing a -6.3% change year over year. Homes in this area spend an average of 85 days on the market before going under contract. There are currently 116 active listings in the area, which influences how much negotiating power buyers and sellers have.
Understanding zip-code-level data is essential for making informed real estate decisions. City-wide averages can mask significant variation between neighborhoods, and the 78230 market may perform differently from surrounding areas depending on local school quality, proximity to employment centers, and housing stock characteristics. The metrics below are sourced from Redfin transaction data, Zillow home value estimates, and U.S. Census Bureau demographic statistics.
Homes sold
83
Last 12 weeks
Days on market
85
Average pace
Active listings
116
Sale-to-list
96.8%
Below asking
Market trends
Market analysis for 78230
The 78230 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 96.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 78230 have declined -6.3% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 78230 stands at $353,804, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,067 per month. This gives a price-to-rent ratio of approximately 27.6, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Community profile
Population
41,387
Median income
$73,529/yr
Median age
40 years
Owner-occupied
4895.0%
College grads
5041.0%
Avg commute
20.23 min
Living in 78230
Zip code 78230 is home to approximately 41,387 residents. The median household income is $73,529 per year, which shapes the types of homes and amenities available in the area. With a median age of 40 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 4895.0% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 5041.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 20.23 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 78230.
Frequently asked questions about 78230
What is the median home price in 78230?
The current median sale price in 78230 is $341,500, based on recent Redfin transaction data. Prices have changed -6.3% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 78230 a buyer's or seller's market?
The 78230 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population and demographics of 78230?
Zip code 78230 has a population of approximately 41,387 residents. The median household income is $73,529 per year. About 4895.0% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 78230?
Properties Incorporated provides comprehensive data for 78230 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 78230 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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