Urban areas typically feature a mix of multi-story residential buildings, commercial buildings, and high levels of infrastructure and services. The lifestyle in such areas is generally fast-paced, diverse, and culturally rich, well-suited for individuals and families who enjoy vibrant city life with extensive public transport, restaurants, theaters, and museums.

The estimated number of housing units corresponding to the 2022 population, based on the national average household size of 2.61, is approximately 14,197. This suggests a relatively high housing density, which is consistent with the urban classification.

The consistent population growth and increasing population density over the past decade indicate that the area has been experiencing significant urban development activity. This development likely involves the construction of new residential and commercial buildings, as well as improvements to infrastructure and services to accommodate the growing population.

In summary, the ZIP code 78723 in Austin, Texas, can be characterized as an urban area with a fast-paced and culturally diverse lifestyle. The area has been undergoing substantial urban development activity to support its steadily growing population, which has increased by nearly 28 percent between 2010 and 2022.