ZIP 78748 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78748 in the Austin housing market is $408,255, with a typical rent of $1,423 per month. That puts the local home-value-to-annual-rent ratio at 23.9.
Key stats
- ZIP 78748 is around the 27th percentile of tracked local ZIPs for home value.
- ZIP 78748 is around the 15th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 23.9.
- 41 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $408,255
- Typical rent
- $1,423
- Homes for sale
- 248
- Buyer competition
- 38
- New listings
- 69
- Homes going pending
- 28
- Listings with price cuts
- 33.3%
Price and rent in ZIP 78748
ZIP 78748 is around the 27th percentile of tracked local ZIPs for home value. ZIP 78748 is around the 18th percentile of tracked local ZIPs for rent.
ZIP 78748 home value & rent trend (past 12 months)
Typical home value fell 5.0% over the past 12 months, from $429,844 to $408,255. It rose in 0 of 11 monthly readings.
Typical rent fell 2.4% over the past 12 months, from $1,459 to $1,423. It rose in 4 of 11 monthly readings. The largest monthly gain was +1.0% in February 2026.
How ZIP 78748 compares to the metro
ZIP 78748's typical home value is 27.1% below the metro median of $559,762. ZIP 78748's typical rent is 16.2% below the metro median of $1,698. ZIP 78748's buyer competition is 15.6% below the metro median of 45.
How fast homes sell in ZIP 78748
Homes in ZIP 78748 typically go pending in about 56 days — about 5% faster than the metro median of 59 days.
Supply, pending activity, and competition
ZIP 78748 is around the 90th percentile of tracked local ZIPs for for-sale inventory. ZIP 78748 is around the 15th percentile of tracked local ZIPs for buyer competition. 41 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 154 and 312 — a 158-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78652, 78745, 78739, 78749.
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 78748 vs 78652Compare this market with another tracked ZIP or peer group.
- Compare 78748 vs 78701Compare this market with another tracked ZIP or peer group.
- Compare 78748 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 78652 housing marketReview a nearby local market with the same core measures.
- ZIP 78745 housing marketReview a nearby local market with the same core measures.
- ZIP 78739 housing marketReview a nearby local market with the same core measures.
- Austin Metro housing market overviewReturn to the broader parent market.
78748 Housing Market Overview FAQ
What is the typical home value in ZIP 78748?
The typical home value in ZIP 78748 is $408,255 in the latest monthly reading.
What is the typical rent in ZIP 78748?
Typical rent in ZIP 78748 is $1,423 per month.
What is the home-value-to-rent ratio in ZIP 78748?
ZIP 78748 has a home-value-to-annual-rent ratio of 23.9.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules