ZIP 78705 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78705 in the Austin housing market is $330,339, with a typical rent of $1,778 per month. That puts the local home-value-to-annual-rent ratio at 15.5.
Key stats
- ZIP 78705 is around the 10th percentile of tracked local ZIPs for home value.
- ZIP 78705 is around the 22nd percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 15.5.
- 19 homes went pending for every 100 new listings in the current reading.
- Supply and buyer competition did not produce a clear easing or tightening split.
- Typical home value
- $330,339
- Typical rent
- $1,778
- Homes for sale
- 175
- Buyer competition
- 39
- New listings
- 32
- Homes going pending
- 6
- Listings with price cuts
- 20.0%
Price and rent in ZIP 78705
ZIP 78705 is around the 10th percentile of tracked local ZIPs for home value. ZIP 78705 is around the 62nd percentile of tracked local ZIPs for rent.
ZIP 78705 home value & rent trend (past 12 months)
Typical home value fell 4.8% over the past 12 months, from $346,971 to $330,339. It rose in 3 of 11 monthly readings. The largest monthly gain was +0.5% in October 2025.
Typical rent fell 0.6% over the past 12 months, from $1,788 to $1,778. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.5% in January 2026.
How ZIP 78705 compares to the metro
ZIP 78705's typical home value is 41.0% below the metro median of $559,762. ZIP 78705's typical rent is 4.7% above the metro median of $1,698. ZIP 78705's buyer competition is 13.3% below the metro median of 45.
Supply, pending activity, and competition
ZIP 78705 is around the 80th percentile of tracked local ZIPs for for-sale inventory. ZIP 78705 is around the 22nd percentile of tracked local ZIPs for buyer competition. 19 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 76 and 175 — a 99-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78712, 78703, 78722, 78751.
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 78705 vs 78652Compare this market with another tracked ZIP or peer group.
- Compare 78705 vs 78701Compare this market with another tracked ZIP or peer group.
- Compare 78705 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 78712 housing marketReview a nearby local market with the same core measures.
- ZIP 78703 housing marketReview a nearby local market with the same core measures.
- ZIP 78722 housing marketReview a nearby local market with the same core measures.
- Austin Metro housing market overviewReturn to the broader parent market.
78705 Housing Market Overview FAQ
What is the typical home value in ZIP 78705?
The typical home value in ZIP 78705 is $330,339 in the latest monthly reading.
What is the typical rent in ZIP 78705?
Typical rent in ZIP 78705 is $1,778 per month.
What is the home-value-to-rent ratio in ZIP 78705?
ZIP 78705 has a home-value-to-annual-rent ratio of 15.5.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules