78731 - Northwest Hills
Northwest Hills · Highland Park West · Cat Mountain · Balcones Woods
#1 ABoR Team 2024$1B+ Career Sales1,000+ Homes Sold
What is 78731 (Northwest Hills)?
ZIP code 78731 covers Northwest Austin's Northwest Hills, Highland Park West, Cat Mountain, Balcones Woods area. The area is served by Austin ISD. Current median home price is $1.20M with 61 active listings. Population: 27,934 with median household income of $122K.
- Neighborhoods: Northwest Hills, Highland Park West, Cat Mountain, Balcones Woods
- Median price: $1.20M, 61 active listings
- Population: 27,934
- Schools: Austin ISD
Source: Keenan Group at Compass Real Estate, Austin TX
Keenan Group is headquartered in 78731 and has sold homes here for 25 years; current pricing in the ZIP runs a median of about $1.24 million (single-family, trailing 12 months).
78731 Community Profile
27,934
Population
$122K
Median Income
41
Median Age
57%
Owner-Occupied
40.2%
Bachelor's+
40.7%
Graduate Degree
34.4%
Work From Home
14 min
Median Commute
Neighborhoods in 78731
Balcones Woods
Northwest Hills in The Source
Your Ultimate Guide to Northwest Hills
Northwest Hills & Westover Hills Austin business directory: restaurants, shops, schools, services in 78731/78759. By the Keenan Group, #1 ABOR Team 2024.
buyer-guidesNorthwest Hills Austin
Northwest Hills Austin homebuying guide: pricing, schools, neighborhoods, what to know before buying in 78731. By the Keenan Group, #1 ABOR Team 2024.
market-reportsNorthwest Hills Market Update Q1 2026
Northwest Hills 78731 Q1 2026 market data: $1.08M median, 32 days on market, 97% sale-to-list. Buyer profiles, renovation ROI, and school updates from the #1.
buyer-guidesNorthwest Hills View Lots
A prioritized checklist for evaluating Hill Country view lots in Northwest Hills - covering slope, sunlight, trees, noise, drainage, and future obstruction.
market-reportsNorthwest Hills Austin Real Estate
Northwest Hills Austin real estate market report April 2025: median prices, inventory, days on market, luxury trends in 78731. By the Keenan Group, #1 ABOR.
market-reportsAustin Luxury Market 2026
Austin's $1M+ market generated $6.79B in 2025 sales. What Opportunity Austin, corporate recruitment, and central ZIP code data mean for luxury buyers and.
Schools Serving 78731
TEA accountability ratings for districts serving this ZIP code.
Top Schools
Walkability in 78731 Northwest Hills
Walk Score
Car-Dependent
Bike Score
Car-Dependent
Transit Score
Almost All Errands Require a Car
Based on 62 properties in 78731 Northwest Hills. Source: Walk Score.
Top-rated Austin ISD schools including Doss Elementary and Murchison Middle. 15 minutes to downtown with direct access to Bull Creek and Lake Austin.
For detailed lifestyle guides, see the neighborhood pages above.
78731 Real Estate at a Glance
$1.20M
Median Price
61
Active Listings
$499K – $9.93M
Price Range
4.5
Months Supply
78731 luxury homes sell at a median of $481/sqft over the trailing 12 months - part of Austin's luxury market tracked by the Keenan Luxury Market Index.
- 4.5
- months supply
FAQ: 78731 ZIP Code
Common questions about living, schools, and community in this ZIP.
What neighborhoods are in 78731?
78731 includes Northwest Hills, Highland Park West, Cat Mountain, Balcones Woods. Each neighborhood has its own character, price range, and school zoning. See the neighborhood section above for links to individual guides.
What school district is 78731 in?
78731 is served by Austin ISD (TEA rating: C). Street-level school zoning can change - verify directly with the district before purchase.
What is the median home price in 78731?
The trailing-12-month median sale price in 78731 is $1.20M as of Sep 30, 2026. Active listing prices range from $499K to $9.93M.
Is 78731 a good area to live in Austin?
78731 covers Northwest Hills in Northwest Austin. Established luxury enclave featuring Northwest Hills, Highland Park West, and Cat Mountain along the 2222/360 corridor. Nearly 78% of residents hold a bachelor's degree or higher.
What is the property tax rate in 78731?
The effective property tax rate in 78731 is approximately 1.48%. Texas has no state income tax, so property tax funds public services. Homestead exemption reduces the school district portion for primary residences.
How far is 78731 from downtown Austin?
Drive time from 78731 (Northwest Hills) to downtown Austin varies by location and traffic. Most Austin metro ZIPs are 10-35 minutes off-peak. Keenan Group provides commute analysis to major employment centers as part of every buyer consultation.
What is the median household income in 78731?
The median household income in 78731 is $122K. 40% of residents hold a bachelor's degree or higher.
Who is the best realtor in 78731?
The Keenan Group at Compass is Austin's #1 real estate team (Austin Board of Realtors 2024), with $1B+ in career sales and 1,000+ transactions. Joe and Cara Keenan have 25+ years of Austin expertise across 78731 and surrounding ZIPs. Contact (512) 415-7653.
Related Guides for 78731
Austin Property Tax Rates
Current tax rates by district, exemptions, and what you actually pay
School Boundaries Guide
How Austin school boundaries work and their impact on home buying
Austin Cost of Living
What it costs to live in Austin - housing, utilities, groceries, and more
Property Tax Protest Guide
Step-by-step guide to protesting your TCAD property tax appraisal
Homestead Exemption Guide
How to file for Texas homestead exemption and save on property taxes
First-Time Buyer Guide
Austin-specific guidance for first-time home buyers
Northwest Hills Guide
In-depth neighborhood guide for Northwest Hills - schools, pricing, and what it's like to live here