Market Overview for Zip Code 78727
There are 48 active listings in Zip Code 78727 with a median list price of $475K and a median sold price of $462K.
Homes average 85 days on market.
Over the past 30 days, 17 homes have sold, with 208 sales in the past 12 months.
The average price per square foot is $269.
About Zip Code 78727
Zip code 78727 covers a section of north-central Austin that includes the neighborhoods of Scofield Farms, Milwood, Angus Valley, and portions of the Duval Road corridor. The area is bounded roughly by Parmer Lane to the north, MoPac Expressway (Loop 1) to the west, US-183 to the east, and Braker Lane to the south. This zip code sits approximately 12 miles north of downtown Austin and occupies relatively flat terrain compared to the hillier areas to the west. The area developed primarily during the 1980s and 1990s as Austin's technology sector expanded northward along the MoPac and US-183 corridors.
Real estate in 78727 is dominated by single-family homes in established subdivisions, with a mix of townhomes and condominiums along the major corridors. Milwood, one of the oldest neighborhoods, was built in the early 1980s and features homes ranging from 1,200 to 2,200 square feet on lots of 0.12 to 0.25 acres. Scofield Farms, developed in the 1990s, offers larger homes from 1,800 to 3,500 square feet. Home prices across the zip code typically range from $350K for smaller Milwood homes to $650K or more for updated four-bedroom homes in Scofield. The median home price sits near $475K. Multi-family properties including apartments and duplexes are concentrated along Parmer Lane and the 183 frontage road.
Students in 78727 primarily attend Round Rock ISD schools. Elementary campuses include Scofield Farms Elementary, Jollyville Elementary, and Pond Springs Elementary. Middle school students feed into Deerpark Middle School or Canyon Vista Middle School. High school students attend McNeil High School, which has an enrollment of approximately 2,400 and offers a comprehensive AP curriculum and Career and Technical Education pathways. Some addresses in the southern portion of the zip code fall within Austin ISD boundaries and may attend different campuses.
The central location of 78727 provides relatively short commutes in multiple directions. MoPac and US-183 both run through or adjacent to the zip code, and Parmer Lane connects east-west across north Austin. The Domain mixed-use development is about 5 minutes south on MoPac, offering retail, dining, and office space. Downtown Austin is 15 to 25 minutes south via MoPac. The Apple campus on Parmer Lane and the IBM facility on Burnet Road are both within or adjacent to the zip code, along with numerous other technology employers in the Parmer Lane and Research Boulevard corridors.
Living in Zip Code 78727
Residents of 78727 include a broad mix of young professionals, families, and long-term homeowners who purchased during the original buildout of Milwood and Scofield in the 1980s and 1990s. Median household income is approximately $95,000. The area has a notably diverse population, with significant Asian, Hispanic, and white communities represented across the neighborhoods. Many residents work in the technology sector at companies within a short drive, and the area's central north Austin location keeps commute times manageable in most directions.
