ZIP 78721 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78721 in the Austin housing market is $418,488, with a typical rent of $1,870 per month. That puts the local home-value-to-annual-rent ratio at 18.6.
Key stats
- ZIP 78721 is around the 32nd percentile of tracked local ZIPs for home value.
- ZIP 78721 is around the 2nd percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 18.6.
- 27 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $418,488
- Typical rent
- $1,870
- Homes for sale
- 113
- Buyer competition
- 34
- New listings
- 22
- Homes going pending
- 6
- Listings with price cuts
- 36.1%
Price and rent in ZIP 78721
ZIP 78721 is around the 32nd percentile of tracked local ZIPs for home value. ZIP 78721 is around the 69th percentile of tracked local ZIPs for rent.
ZIP 78721 home value & rent trend (past 12 months)
Typical home value fell 6.5% over the past 12 months, from $447,544 to $418,488. It rose in 0 of 11 monthly readings.
Typical rent fell 0.5% over the past 12 months, from $1,880 to $1,870. It rose in 5 of 11 monthly readings. The largest monthly gain was +1.9% in June 2026.
How ZIP 78721 compares to the metro
ZIP 78721's typical home value is 25.2% below the metro median of $559,762. ZIP 78721's typical rent is 10.1% above the metro median of $1,698. ZIP 78721's buyer competition is 24.4% below the metro median of 45.
Supply, pending activity, and competition
ZIP 78721 is around the 41st percentile of tracked local ZIPs for for-sale inventory. ZIP 78721 is around the 2nd percentile of tracked local ZIPs for buyer competition. 27 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 12 readings on record, inventory moved between 70 and 113 — a 43-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78702, 78722, 78742, 78723.
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 78721 vs 78652Compare this market with another tracked ZIP or peer group.
- Compare 78721 vs 78701Compare this market with another tracked ZIP or peer group.
- Compare 78721 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 78702 housing marketReview a nearby local market with the same core measures.
- ZIP 78722 housing marketReview a nearby local market with the same core measures.
- ZIP 78742 housing marketReview a nearby local market with the same core measures.
- Austin Metro housing market overviewReturn to the broader parent market.
78721 Housing Market Overview FAQ
What is the typical home value in ZIP 78721?
The typical home value in ZIP 78721 is $418,488 in the latest monthly reading.
What is the typical rent in ZIP 78721?
Typical rent in ZIP 78721 is $1,870 per month.
What is the home-value-to-rent ratio in ZIP 78721?
ZIP 78721 has a home-value-to-annual-rent ratio of 18.6.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules