ZIP 78728 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78728 in the Austin housing market is $403,035, with a typical rent of $1,315 per month. That puts the local home-value-to-annual-rent ratio at 25.5.
Key stats
- ZIP 78728 is around the 24th percentile of tracked local ZIPs for home value.
- ZIP 78728 is around the 2nd percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 25.5.
- 42 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $403,035
- Typical rent
- $1,315
- Homes for sale
- 44
- Buyer competition
- 34
- New listings
- 12
- Homes going pending
- 5
- Listings with price cuts
- 38.2%
Price and rent in ZIP 78728
ZIP 78728 is around the 24th percentile of tracked local ZIPs for home value. ZIP 78728 is around the 3rd percentile of tracked local ZIPs for rent.
ZIP 78728 home value & rent trend (past 12 months)
Typical home value fell 4.2% over the past 12 months, from $420,597 to $403,035. It rose in 0 of 11 monthly readings.
Typical rent fell 3.8% over the past 12 months, from $1,367 to $1,315. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.6% in April 2026.
How ZIP 78728 compares to the metro
ZIP 78728's typical home value is 28.0% below the metro median of $559,762. ZIP 78728's typical rent is 22.6% below the metro median of $1,698. ZIP 78728's buyer competition is 24.4% below the metro median of 45.
Supply, pending activity, and competition
ZIP 78728 is around the 10th percentile of tracked local ZIPs for for-sale inventory. ZIP 78728 is around the 2nd percentile of tracked local ZIPs for buyer competition. 42 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 30 and 74 — a 44-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78727, 78753, 78758, 78759.
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 78728 vs 78652Compare this market with another tracked ZIP or peer group.
- Compare 78728 vs 78701Compare this market with another tracked ZIP or peer group.
- Compare 78728 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 78727 housing marketReview a nearby local market with the same core measures.
- ZIP 78753 housing marketReview a nearby local market with the same core measures.
- ZIP 78758 housing marketReview a nearby local market with the same core measures.
- Austin Metro housing market overviewReturn to the broader parent market.
78728 Housing Market Overview FAQ
What is the typical home value in ZIP 78728?
The typical home value in ZIP 78728 is $403,035 in the latest monthly reading.
What is the typical rent in ZIP 78728?
Typical rent in ZIP 78728 is $1,315 per month.
What is the home-value-to-rent ratio in ZIP 78728?
ZIP 78728 has a home-value-to-annual-rent ratio of 25.5.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules