ZIP 78704 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78704 in the Austin housing market is $731,493, with a typical rent of $1,887 per month. That puts the local home-value-to-annual-rent ratio at 32.3.
Key stats
- ZIP 78704 is around the 78th percentile of tracked local ZIPs for home value.
- ZIP 78704 is around the 41st percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 32.3.
- 38 homes went pending for every 100 new listings in the current reading.
- Supply contracted while buyer competition strengthened.
- Typical home value
- $731,493
- Typical rent
- $1,887
- Homes for sale
- 403
- Buyer competition
- 44
- New listings
- 73
- Homes going pending
- 28
- Listings with price cuts
- 28.5%
Price and rent in ZIP 78704
ZIP 78704 is around the 78th percentile of tracked local ZIPs for home value. ZIP 78704 is around the 74th percentile of tracked local ZIPs for rent.
ZIP 78704 home value & rent trend (past 12 months)
Typical home value fell 2.9% over the past 12 months, from $753,286 to $731,493. It rose in 2 of 11 monthly readings. The largest monthly gain was +0.5% in July 2026.
Typical rent rose 0.1% over the past 12 months, from $1,886 to $1,887. It rose in 4 of 11 monthly readings. The largest monthly gain was +1.1% in April 2026.
How ZIP 78704 compares to the metro
ZIP 78704's typical home value is 30.7% above the metro median of $559,762. ZIP 78704's typical rent is 11.1% above the metro median of $1,698. ZIP 78704's buyer competition is 2.2% below the metro median of 45.
How fast homes sell in ZIP 78704
Homes in ZIP 78704 typically go pending in about 78 days — about 32% slower than the metro median of 59 days.
Supply, pending activity, and competition
ZIP 78704 is among the highest of tracked local ZIPs for for-sale inventory. ZIP 78704 is around the 41st percentile of tracked local ZIPs for buyer competition. 38 homes went pending for every 100 new listings in the current reading. Supply contracted while buyer competition strengthened. Over the 12 readings on record, inventory moved between 242 and 424 — a 182-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78701, 78741, 78745, 78712.
Continue your market research
- Is Austin Housing Market Cooling?Read the related local market analysis.
- Is Austin a Buyer's Market?Read the related local market analysis.
- Compare 78704 vs 78652Compare this market with another tracked ZIP or peer group.
- Compare 78704 vs 78701Compare this market with another tracked ZIP or peer group.
- Compare 78704 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 78701 housing marketReview a nearby local market with the same core measures.
- ZIP 78741 housing marketReview a nearby local market with the same core measures.
- ZIP 78745 housing marketReview a nearby local market with the same core measures.
- Austin Metro housing market overviewReturn to the broader parent market.
78704 Housing Market Overview FAQ
What is the typical home value in ZIP 78704?
The typical home value in ZIP 78704 is $731,493 in the latest monthly reading.
What is the typical rent in ZIP 78704?
Typical rent in ZIP 78704 is $1,887 per month.
What is the home-value-to-rent ratio in ZIP 78704?
ZIP 78704 has a home-value-to-annual-rent ratio of 32.3.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules