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. Current median home price is $1.22M with 58 active listings.
- Neighborhoods: Northwest Hills, Highland Park West, Cat Mountain, Balcones Woods
- Median price: $1.22M, 58 active listings
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 $1.22 million (single-family, trailing 12 months, as of Oct 26, 2026).
Neighborhoods in 78731
Balcones Woods
Read more in The Source
Buying a home in Northwest Hills
Northwest Hills Austin homebuying guide: pricing, schools, neighborhoods, what to know before buying in 78731. By the Keenan Group, #1 ABOR Team 2024.
buyer-guidesHow to evaluate a Northwest Hills view lot
A prioritized checklist for evaluating Hill Country view lots in Northwest Hills - covering slope, sunlight, trees, noise, drainage, and future obstruction.
market-reportsNorthwest Hills market update
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.
neighborhoodsYour 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.
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.
buyer-guidesMoving from the Bay Area to Austin (2026)
Bay Area to Austin relocation guide: Palo Alto, Mountain View, Menlo Park, and Marin to Westlake Hills, Tarrytown, and NW Hills. Schools, taxes, tech jobs, and neighborhood fit. Keenan Group, #1 Austin team.
Walkability in 78731 Northwest Hills
Walk Score
Car-Dependent
Bike Score
Car-Dependent
Transit Score
Car-Dependent
Based on 108 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
$1.22M
Median Price
58
Active Listings
$485K – $9.93M
Price Range
2.7
Months Supply
78731 luxury homes sell at a median of $455/sqft over the trailing 12 months - part of Austin's luxury market tracked by the Keenan Luxury Market Index.
- 2.7
- months supply
Homes for sale in 78731
Listed homes in 78731, including homes under contract, by street address.
- 3501 Mount Bonnell Rd
- 4323 Mt Bonnell Rd
- 6601 N Capital of Texas Highway
- 4400 Island Ave
- 3418 Mount Bonnell Cir
- 5307 Tortuga Trl
- 5605 Creek Mountain
- 3501 Balcones Dr
- 3805 Rockledge Dr
- 4301 Balcones Dr
- 4005 Enclave Mesa Cir
- 3917 Balcones Dr
- 4216 Deepwoods Dr
- 3904 Bonnell Dr
- 4703 Highland Ter
- 5102 Beverly Hills Dr
- 4801 W Frances Pl
- 4506 Chiappero Trl
- 4504 Chiappero Trl
- 3610 Hillbrook Dr
- 4802 Precipice Cv
- 7321 Vista Mountain Dr
- 4509 Finley Dr
- 3511 Arrowhead Dr
FAQ: 78731 ZIP Code
Common questions about living, schools, and community in this ZIP.
What does U.S. Census data show for 78731?
The 78731 area has 27,507 residents, a median household income of $105,494 (in 2024 dollars), 78.3% of adults 25 and older with a bachelor's degree or higher, 53.1% of occupied homes owner-occupied and 39.1% of workers working from home. Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates for ZCTA 78731, the Census area that approximates the ZIP code.
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?
School district and campus zoning in 78731 depend on the street address. Confirm the district and campuses for a specific home directly with the district before purchase.
What is the median home price in 78731?
The trailing-12-month median sale price in 78731 is $1.22M as of Oct 26, 2026. Active listing prices range from $485K 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. Top-rated Austin ISD schools including Doss Elementary and Murchison Middle.
What is the property tax rate in 78731?
The combined property tax rate in 78731 depends on the city, county, school district and any special districts for each address; the county appraisal district's record for the parcel lists them. File a homestead exemption to reduce the school district portion for your primary residence.
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.
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