Neighborhood in Austin, Travis County

Living in Milwood, Austin

B

101st of 206areas in Austin
Overall score 68 of 100 vs Texas neighborhoods
Austin overall: B-

Milwood is a neighborhood in Austin, TX, home to about 4,000 people. It gets a B, in the top 36% of Texas neighborhoods, and ranks 101st of 206 areas we score in Austin. It does best on getting around and worst on cost of living.

  • Pricey
  • Lots of parks
  • Cost of living scores low (19 of 100)
  • Hail risk is very high

Closest everyday places

Grocery store0.4 mi
Pharmacy0.4 mi
Park0.3 mi
Cafe0.5 mi
Restaurant0.3 mi
Gym0.3 mi
Hospital or urgent care0.9 mi
Childcare0.8 mi
Library1.9 mi

Straight-line distance from the middle of where people live. Overture Maps.

Population
4,000
Median rent
$1,730
Median home value
$403,000
Household income
$71,900
Average commute
25 min
Homes owned
31%
Loading map

What it's like to live in Milwood

Milwood is a neighborhood in Austin with about 4,000 residents, homes built around 1991, mostly rented (69% of homes) and 18% of households with children.

Our grade for Milwood is B. That puts it 101st of 206 areas we grade in Austin, a city that gets a B- overall.

Pros of living in Milwood

  • Groceries close by. The nearest grocery store is about 0.4 miles from the middle of the neighborhood.
  • Parks within walking distance. The closest park is about 0.3 miles away.

Cons of living in Milwood

  • Higher poverty. 19% of residents live below the poverty line, against 12% across Austin.
  • Natural hazard risk. FEMA rates the risk of hail as very high in this part of town.

Milwood report card

Each grade compares Milwood with every neighborhood in Texas. Safety is not graded for single neighborhoods because police report crime for the whole city.

  • Cost of living: grade D

    Median rent $1,730, homes cost 5.6x income.

    19 of 100 vs TX areas

  • Jobs and income: grade C

    Median household income $71,900, 1.1% unemployed.

    43 of 100 vs TX areas

  • Schools: grade B-

    Nearby schools average 84 of 100 on the state rating.

    63 of 100 vs TX areas

  • Safety: no grade

    Citywide, 422 violent crimes per 100k, 3,099 property crimes per 100k.

    No score vs TX areas

  • Errands and things to do: grade B-

    Most everyday stores and services within a mile of homes.

    59 of 100 vs TX areas

  • Getting around: grade B+

    Average commute 25 min, 19% work from home.

    77 of 100 vs TX areas

  • Education levels: grade B+

    51% have a bachelor’s degree.

    76 of 100 vs TX areas

  • Health: grade B+

    9.5% of adults uninsured.

    74 of 100 vs TX areas

  • Home ownership: grade D

    31% of homes owner-occupied.

    21 of 100 vs TX areas

  • Internet access: grade B-

    96% of homes have broadband.

    62 of 100 vs TX areas

Milwood compared with Austin

Better than Austin

  • Adults 18 to 64 without health insurance: 9.5%6 points lower than Austin (15%)
  • Unemployment rate: 1.1%4 points lower than Austin (4.7%)
  • Home value to income: 5.6x5% lower than Austin (5.9x)

Worse than Austin

  • Homes owned by the people living in them: 31%13 points lower than Austin (43%)
  • Renters paying 30%+ of income on rent: 59%12 points higher than Austin (48%)
  • Median household income: $71,90023% lower than Austin ($93,658)

Closest public schools

Texas Education Agency 2025 ratings. Check the attendance zone for any address with the district.

  • BJollyville ElementaryElementary, Round Rock ISD0.5 mi
  • CDeerpark MiddleMiddle, Round Rock ISD1.9 mi
  • AMcNeil High SchoolHigh, Round Rock ISD0.9 mi

Cost of living in Milwood

Median rent in Milwood is $1,730 a month, about the same as the Austin median. A household would need about $69,000 a year to keep that rent at 30% of income.

The median home is worth $403,000, 27% lower than the Austin median, which means a monthly payment of about $2,783 with property tax at today's mortgage rates.

MeasureHereAustinTexas
Median rentAbout the same as Austin$1,730$1,729$1,403
Median home value27% lower than Austin$403,000$555,300$283,800
Home value to income5% lower than Austin5.6x5.9x3.6x
Renters paying 30%+ of income on rent12 points higher than Austin59%48%52%
Homes owned by the people living in them13 points lower than Austin31%43%63%
Vacant homes1 points higher than Austin7.0%5.6%9.4%
Median year homes were builtAbout the same as Austin199119941992

Monthly cost to buy a median home

$2,783
Mortgage payment
$2,206
Property tax
$577
Median rent, for comparison
$1,730

Based on a $403,000 home in Milwood, 20% down and a 30-year loan at 7.28% (Freddie Mac average, week of 2026-10-01). Property tax is the median for the surrounding Census tract, or the county where that is not published. Insurance and fees are not included.

Work, income and getting around

MeasureHereAustinTexas
Median household income23% lower than Austin$71,900$93,658$78,476
Unemployment rate4 points lower than Austin1.1%4.7%5.3%
People below the poverty line7 points higher than Austin19%12%14%
Adults with a bachelor's degree or higher9 points lower than Austin51%60%34%
Average commute4% higher than Austin25 min24 min27 min
Workers who work from home12 points lower than Austin19%31%14%
Workers who walk, bike or take transit1 points higher than Austin6.7%5.3%2.6%
Homes with broadband internet2 points higher than Austin96%94%91%

Natural hazard risk

FEMA National Risk Index for the Census tracts in this area.

  • River floodingModerate
  • HurricanesModerate
  • TornadoesHigh
  • HailVery high
  • Heat wavesHigh
  • WildfiresModerate
  • Winter stormsModerate
  • Strong windLow

Who lives in Milwood

Under 1814%
18 to 3441%
35 to 6435%
65 and over10%
Race and ethnicity
White50%
Hispanic or Latino13%
Black21%
Asian14%
Other or more than one race1.6%

Shown for information only. It is never part of any grade.

Other neighborhoods in Austin

  1. 1A+TarrytownMedian rent $3,280
  2. 2A+Glen RidgeMedian rent $1,190
  3. 3A+Appaloosa Run
  4. 4A+Northwest HillsMedian rent $1,900
  5. 4A+Westover HillsMedian rent $1,570
  6. 6A+The GroveMedian rent $1,870
  7. 7A+Violet Crown HeightsMedian rent $1,530
  8. 8A+Old West AustinMedian rent $3,270

Similar neighborhoods in other cities

Areas elsewhere in Texas with the closest mix of grades.

  1. B+Northeast RichardsonRichardson
  2. BInvernessSan Antonio
  3. BBert Moore CourtyardRichardson

Questions about Milwood

Is Milwood a good place to live?

Milwood is a neighborhood in Austin, TX, home to about 4,000 people. It gets a B, in the top 36% of Texas neighborhoods, and ranks 101st of 206 areas we score in Austin. It does best on getting around and worst on cost of living.

How much does it cost to live in Milwood?

Renters in Milwood pay a median of $1,730 a month, about the same as the Austin median. The median home is worth $403,000, 27% lower than the Austin median. A median home costs 5.6x the median household income, compared with 5.9x across Austin.

What schools serve Milwood?

The closest rated public schools are Jollyville Elementary (elementary, rated B), Deerpark Middle (middle, rated C) and McNeil High School (high, rated A). School zones can differ from the closest school, so check with the district.

This area is built from 3 Census block groups closest to the Milwood name on the map, so its edges are approximate. Sources: US Census Bureau 2020-2024 ACS 5-year, CDC PLACES 2025, Texas Education Agency, FEMA National Risk Index, Overture Maps. How we grade.