78731 — Northwest Hills

One of Austin’s most established luxury pockets — hill-country topography, mature neighborhoods, and top-rated schools, minutes from downtown.

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About the Neighborhood

78731 covers Northwest Hills and its surrounding enclaves — Highland Park West, Cat Mountain, and Balcones Woods — terraced across the rolling hills of west Austin along the 2222 and MoPac corridors. It’s one of the city’s most established and sought-after areas: mature, tree-lined streets, larger lots, and a reputation for some of Austin’s most respected schools, all within about 15 minutes of downtown. It’s a neighborhood that holds its value through market cycles, drawing families and professionals who want an established, close-in address with hill-country character.

Market Snapshot

Market data as of August 2026 — updated regularly.

~$1.1M–$1.25M

Median Sale Price

~220

Homes Sold (trailing 12 months)

~$557,000

vs. Austin Metro Median

Premium / established luxury

Positioning

78731 trades at a significant premium to the broader Austin market, reflecting its established housing stock, larger lots, school reputation, and close-in hill-country location. Pricing spans widely — from accessible options in the $500Ks to luxury estates well into the millions — so the right strategy depends heavily on the specific pocket and street. Like the rest of Austin, the area has settled from its 2022 peak into a more balanced market.

Life in 78731

Property Taxes

Effective property tax rate runs approximately 1.48% — confirm the exact rate for any specific address.

Schools

Zoned to Austin ISD and anchored by highly regarded schools including Doss, Hill, Highland Park, and Casis Elementary, Murchison Middle, and Anderson High.

Housing Style

Established mid-century-through-modern homes on generous, often hilly lots, many with mature trees and downtown or hill-country views.

Parks & Outdoors

Bull Creek greenbelt, Cat Mountain’s scenic overlooks, and abundant hill-country trails and nature nearby.

Shopping & Dining

Quick access to the shops and restaurants along 2222, plus The Arboretum and Domain a short drive away.

Commute

About 15 minutes to downtown via MoPac, with fast access to 2222 and the northwest corridors.

Just Listed in 78731

Live 78731 listings coming soon.

Recently Sold in 78731

Recent sales data coming soon.

News & Events

Local happenings, market updates, and neighborhood news — updated regularly.

AUG 2026

78731 Market Update — August 2026

Northwest Hills continues to command a premium in the Austin market, with 78731’s median sale price holding well above the metro average. The area’s established housing, larger lots, and strong school reputation keep demand steady even as the broader market has settled into balance. For buyers, that means real opportunity in a neighborhood that historically holds its value; for sellers, well-presented homes in the right pockets continue to attract serious interest.

Growth & Development

Ongoing investment and selective renewal along the 2222 and MoPac corridors keep Northwest Hills connected and in demand.

AUG 2026

Steady Investment Across the 2222 Corridor

While Northwest Hills is a largely built-out, established area, ongoing renovation and selective new construction continue to refresh its housing stock, and steady investment along the 2222 and MoPac corridors keeps the area well-connected and in demand. As notable projects come online, we’ll track what they mean for 78731 homeowners here.

What’s your 78731 home worth?

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Thinking about buying or selling in 78731?

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