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Old 02-17-2013, 12:45 PM
 
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Quote:
Originally Posted by scm53 View Post
78739 (newer section of CCR + Meridian) has the second highest median income in Austin - 31, while nice, doesn't even make the top 10.
Actually I wouldn't compare 78739 to 78731 either. 78731 has multi-million dollar homes on Lake Austin, Mt Bonnell, Highland Hills, parts of Rosedale, and is entirely located "inside the loop" (East of 360 and south of 183). It's an affluent central zip code, but being an older central area it includes everything from apartments to mansions. It's more like 78703 (Tarrytown) in that sense. It is unlikely that the OP could purchase a home there, but they could rent.

78739 on the other class is pretty solid middle class. I'd compare it more to 78759, which includes places like Westover Hills and Great Hills, but with some more reasonable housing as you get into the farther north/west areas of the zip.
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Old 02-17-2013, 01:03 PM
 
Location: Not Moving
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Either area is nice.............can't go wrong. Just depends on the "feel" you get from either location and the housing availability.
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Old 02-17-2013, 02:33 PM
 
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Quote:
Originally Posted by scm53 View Post
78739 (newer section of CCR + Meridian) has the second highest median income in Austin - 31, while nice, doesn't even make the top 10.
.
I was going by average income. Obviously 78731 is skewed because it has a very small but dense area of student housing.
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Old 02-17-2013, 03:18 PM
 
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Quote:
Originally Posted by scm53 View Post
78739 (newer section of CCR + Meridian) has the second highest median income in Austin - 31, while nice, doesn't even make the top 10.
Yes, the wealthiest zip codes in Austin typically wouldn't make a list of the highest median income. That's not really an indicator of wealth in the area, for a few different reasons, but they are easy to figure out.

78731 and 78703, while not on the list, are much much more affluent than any part 78739. It's not really a good comparison anyway, since someone looking at buying in CCR would not be in the price range for much in 78731. Just look up the number of 1M+ homes in 78739 vs. 78731. Or the number of sub-350K homes. There is only a tiny overlap of 78739 and 78731 in the 350-450K price range, and the homes in 78731 at that price range are much smaller and older.
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Old 02-17-2013, 03:49 PM
 
Location: Not Moving
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Quote:
Originally Posted by atxcio View Post
Yes, the wealthiest zip codes in Austin typically wouldn't make a list of the highest median income. That's not really an indicator of wealth in the area, for a few different reasons, but they are easy to figure out.

78731 and 78703, while not on the list, are much much more affluent than any part 78739. It's not really a good comparison anyway, since someone looking at buying in CCR would not be in the price range for much in 78731. Just look up the number of 1M+ homes in 78739 vs. 78731. Or the number of sub-350K homes. There is only a tiny overlap of 78739 and 78731 in the 350-450K price range, and the homes in 78731 at that price range are much smaller and older.
Really..........where's 78746? in your world view?
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Old 02-17-2013, 07:08 PM
 
Location: The Lone Star State
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If work location isn't a factor, there's really no right/wrong answer with this... it will be very subjective.
As far as using zip code stats to decide, not always the best (accurate), especially in areas with new construction, still developing.
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Old 02-18-2013, 11:45 AM
 
Location: The People's Republic of Austin
5,184 posts, read 6,758,691 times
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Quote:
Originally Posted by atxcio View Post
...since someone looking at buying in CCR would not be in the price range for much in 78731. Just look up the number of 1M+ homes in 78739 vs. 78731. Or the number of sub-350K homes. There is only a tiny overlap of 78739 and 78731 in the 350-450K price range, and the homes in 78731 at that price range are much smaller and older.
I don't really want to get into the whole "wealth" vs. median household income, other than to say if one can point to reliable demographic data about household wealth, by zip codes, I'd love to see it. The census measures median HH income. 78739 is #2 in Austin. One can disagree with the implications of that data point, but it doesn't change it.

The real issue is, you need to get out more. The majority of homes sold in 39 in the last two years are in the $500-700K range Unless one is west of Mesa in 31, with the prices that are driven up by the beautiful views, you are looking at $500-700K. Yes, there are $1M homes in 31 -- as there are in 39. More $1M+ in 31, but still a large inventory in the $500-700K range. For that, you get a 20+ year old house, that may have new kitchens and baths, but still is a 70s-80s vintage home with all the technology and energy efficiency of that period. The homes in 39, except for the western portion of Shady Hollow, are almost all five years or newer. The schools are effectively identical 39 has 2.0 avg HH size, 39 has 3.4. Higher % of family households in 39. 39 simply is more of a family area, which is what the OP was interested in.
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Old 02-18-2013, 12:36 PM
 
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Quote:
The real issue is, you need to get out more. The majority of homes sold in 39 in the last two years are in the $500-700K range Unless one is west of Mesa in 31, with the prices that are driven up by the beautiful views, you are looking at $500-700K. Yes, there are $1M homes in 31 -- as there are in 39. More $1M+ in 31, but still a large inventory in the $500-700K range.
What is the source of your claim that most of the homes in 78739 sold in the last 2 years are $500-700K? Do you have the data for price per square foot in both zips? Seems like a whole lot of people are buying there in the $300-$350K range. But if Circle C homes have suddenly increased by $200-400K, hey great for them.

I mean 78739 is really nice and mostly families. Everyone gets that, but c'mon, it's not the banks of Lake Austin. It's silly to compare it to central Austin zip codes like 78703 or 78731.

That's the only reason I bring this up -- if you really want to make a relevant comparison for the OP, you should be comparing 78739 to 78759 in northwest Austin.
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Old 02-18-2013, 01:39 PM
 
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A quick check on Zillow and realtor.com show the vast majority of houses currently for sale in 78739 to be in the $300-$400K range. 78731 shows about half the homes for sale >$500000. That's the cold hard facts regardless of any claimed past history of sale values for someone comparing the two locations with the intention of buying today.
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Old 02-18-2013, 01:58 PM
 
Location: The People's Republic of Austin
5,184 posts, read 6,758,691 times
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Quote:
Originally Posted by atxcio View Post
What is the source of your claim that most of the homes in 78739 sold in the last 2 years are $500-700K? Do you have the data for price per square foot in both zips? Seems like a whole lot of people are buying there in the $300-$350K range. But if Circle C homes have suddenly increased by $200-400K, hey great for them.

I mean 78739 is really nice and mostly families. Everyone gets that, but c'mon, it's not the banks of Lake Austin. It's silly to compare it to central Austin zip codes like 78703 or 78731.

That's the only reason I bring this up -- if you really want to make a relevant comparison for the OP, you should be comparing 78739 to 78759 in northwest Austin.

This is almost not worth doing, but this really is too egrigious to ignore.

1. Price per square foot is really immaterial. I have no idea why you want to bring it up. Red herring at best.
2. Where does my data come from? I live in 39. i bought in 39 in the last two years in the $500-700K price range. At that time, ALL of the new construction was in that range - KB in Circle C Fairway Estates, Weekley and Standard Pacific in Meridian. New construction swamped resales, so yes - IN THE LAST TWO YEARS THE MAJORITY OF HOMES SOLD IN 39 WERE IN THAT PRICE RANGE. Now, Avana has opened, and there are some sales in the $300K market -- but that is only in the last year, and is still overwhelmed by the build out of Meridian and Fairway Estates. So, no -- "a whole lot of people" AREN'T buying there in the $300-350K price range - and they haven't for the last two years.
4.What is along Lake Austin and Cat Mountain is but a tiny part of 31. You want to hang your hat on it, but it is a shard. THere is even some of 31 in Allandale -- might not fit your Cat Mountain myopia, but it is in 31.

So, Mr. Data driven -- where is the data for you assertion that the majority of homes sold in 39 in the last two years were in the $300-350K range? Remember -- Majority means 50% plus 1. I will wait while you come up with that. And OBTW, don't use CCR as a proxy for 78739. Much of the lower end of CCR isn't in 78739 and there are neighborhoods in 78739 that aren't in CCR.

Sorry to challege the NW Hills hegemon. You really do need to venture south of the river.
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