ZIP 78731 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78731 in the Austin housing market is $1,035,664, with a typical rent of $1,729 per month. That puts the local home-value-to-annual-rent ratio at 49.9.
Key stats
- ZIP 78731 is around the 93rd percentile of tracked local ZIPs for home value.
- ZIP 78731 is around the 27th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 49.9.
- 51 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
- $1,035,664
- Typical rent
- $1,729
- Homes for sale
- 154
- Buyer competition
- 41
- New listings
- 37
- Homes going pending
- 19
- Listings with price cuts
- 25.6%
Price and rent in ZIP 78731
ZIP 78731 is around the 93rd percentile of tracked local ZIPs for home value. ZIP 78731 is around the 54th percentile of tracked local ZIPs for rent.
ZIP 78731 home value & rent trend (past 12 months)
Typical home value rose 0.8% over the past 12 months, from $1,027,699 to $1,035,664. It rose in 8 of 11 monthly readings. The largest monthly gain was +0.8% in July 2026.
Typical rent rose 1.7% over the past 12 months, from $1,699 to $1,729. It rose in 6 of 11 monthly readings. The largest monthly gain was +2.0% in May 2026.
How ZIP 78731 compares to the metro
ZIP 78731's typical home value is 85.0% above the metro median of $559,762. ZIP 78731's typical rent is 1.8% above the metro median of $1,698. ZIP 78731's buyer competition is 8.9% below the metro median of 45.
Supply, pending activity, and competition
ZIP 78731 is around the 71st percentile of tracked local ZIPs for for-sale inventory. ZIP 78731 is around the 27th percentile of tracked local ZIPs for buyer competition. 51 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 110 and 165 — a 55-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78756, 78757, 78703, 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 78731 vs 78652Compare this market with another tracked ZIP or peer group.
- Compare 78731 vs 78701Compare this market with another tracked ZIP or peer group.
- Compare 78731 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 78756 housing marketReview a nearby local market with the same core measures.
- ZIP 78757 housing marketReview a nearby local market with the same core measures.
- ZIP 78703 housing marketReview a nearby local market with the same core measures.
- Austin Metro housing market overviewReturn to the broader parent market.
78731 Housing Market Overview FAQ
What is the typical home value in ZIP 78731?
The typical home value in ZIP 78731 is $1,035,664 in the latest monthly reading.
What is the typical rent in ZIP 78731?
Typical rent in ZIP 78731 is $1,729 per month.
What is the home-value-to-rent ratio in ZIP 78731?
ZIP 78731 has a home-value-to-annual-rent ratio of 49.9.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules