ZIP 78738 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78738 in the Austin housing market is $846,276, with a typical rent of $2,385 per month. That puts the local home-value-to-annual-rent ratio at 29.6.
Key stats
- ZIP 78738 is around the 90th percentile of tracked local ZIPs for home value.
- ZIP 78738 is around the 29th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 29.6.
- 37 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
- $846,276
- Typical rent
- $2,385
- Homes for sale
- 368
- Buyer competition
- 43
- New listings
- 81
- Homes going pending
- 30
- Listings with price cuts
- 28.0%
Price and rent in ZIP 78738
ZIP 78738 is around the 90th percentile of tracked local ZIPs for home value. ZIP 78738 is around the 87th percentile of tracked local ZIPs for rent.
ZIP 78738 home value & rent trend (past 12 months)
Typical home value fell 0.9% over the past 12 months, from $854,034 to $846,276. It rose in 3 of 11 monthly readings. The largest monthly gain was +0.2% in July 2026.
Typical rent fell 0.4% over the past 12 months, from $2,395 to $2,385. It rose in 5 of 11 monthly readings. The largest monthly gain was +1.7% in May 2026.
How ZIP 78738 compares to the metro
ZIP 78738's typical home value is 51.2% above the metro median of $559,762. ZIP 78738's typical rent is 40.4% above the metro median of $1,698. ZIP 78738's buyer competition is 4.4% below the metro median of 45.
How fast homes sell in ZIP 78738
Homes in ZIP 78738 typically go pending in about 70 days — about 19% slower than the metro median of 59 days.
Supply, pending activity, and competition
ZIP 78738 is around the 98th percentile of tracked local ZIPs for for-sale inventory. ZIP 78738 is around the 29th percentile of tracked local ZIPs for buyer competition. 37 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 209 and 377 — a 168-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78736, 78734, 78733, 78732.
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 78738 vs 78652Compare this market with another tracked ZIP or peer group.
- Compare 78738 vs 78701Compare this market with another tracked ZIP or peer group.
- Compare 78738 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 78736 housing marketReview a nearby local market with the same core measures.
- ZIP 78734 housing marketReview a nearby local market with the same core measures.
- ZIP 78733 housing marketReview a nearby local market with the same core measures.
- Austin Metro housing market overviewReturn to the broader parent market.
78738 Housing Market Overview FAQ
What is the typical home value in ZIP 78738?
The typical home value in ZIP 78738 is $846,276 in the latest monthly reading.
What is the typical rent in ZIP 78738?
Typical rent in ZIP 78738 is $2,385 per month.
What is the home-value-to-rent ratio in ZIP 78738?
ZIP 78738 has a home-value-to-annual-rent ratio of 29.6.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules