NORTHWEST HILLS
78731 — Northwest Hills
One of Austin’s most established luxury pockets — hill-country topography, mature neighborhoods, and top-rated schools, minutes from downtown.
LET’S CONNECT
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 October 2026 (through September closings) — updated regularly.
~$1.1M–$1.25M
Median Sale Price
~220
Homes Sold (trailing 12 months)
~$421,000
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.
LIVE INVENTORY — UPDATED DAILY
Life in 78731
Property Taxes
Combined rates run roughly 2.0–2.1% in Austin ISD areas inside city limits — 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
SEE LIVE 78731 LISTINGS
News & Events
Local happenings, market updates, and neighborhood news — updated regularly.
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?
Get a real valuation from a local expert who works this zip code every week.
GET MY HOME VALUE
Thinking about buying or selling in 78731?
LET’S CONNECT