ZIP 78701 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78701 in the Austin housing market is $652,095, with a typical rent of $3,104 per month. That puts the local home-value-to-annual-rent ratio at 17.5.
Key stats
- ZIP 78701 is around the 68th percentile of tracked local ZIPs for home value.
- ZIP 78701 is around the 10th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 17.5.
- 29 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
- $652,095
- Typical rent
- $3,104
- Homes for sale
- 228
- Buyer competition
- 36
- New listings
- 28
- Homes going pending
- 8
- Listings with price cuts
- 19.7%
Price and rent in ZIP 78701
ZIP 78701 is around the 68th percentile of tracked local ZIPs for home value. ZIP 78701 is around the 97th percentile of tracked local ZIPs for rent.
ZIP 78701 home value & rent trend (past 12 months)
Typical home value fell 3.0% over the past 12 months, from $672,253 to $652,095. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.8% in October 2025.
Typical rent rose 2.4% over the past 12 months, from $3,031 to $3,104. It rose in 6 of 11 monthly readings. The largest monthly gain was +1.6% in August 2026.
How ZIP 78701 compares to Austin
ZIP 78701's typical home value is 18.1% above the Austin median of $552,101. ZIP 78701's typical rent is 87.1% above the Austin median of $1,659. ZIP 78701's buyer competition is 18.2% below the Austin median of 44.
Supply, pending activity, and competition
ZIP 78701 is around the 85th percentile of tracked local ZIPs for for-sale inventory. ZIP 78701 is around the 10th percentile of tracked local ZIPs for buyer competition. 29 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 198 and 251 — a 53-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78705, 78702, 78722, 78703.
Continue your market research
- Is the Austin Real Estate Market Cooling or Slowing Down?Read the related local market analysis.
- Is Austin a Buyer's Market?Read the related local market analysis.
- Compare 78701 vs 78729Compare this market with another tracked ZIP or peer group.
- ZIP 78705 housing marketReview a nearby local market with the same core measures.
- 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.
- Austin housing market overviewReturn to the broader parent market.
Sources and method
- HomeMarketCap.com data sources: home value, rent, inventory, and market activity datasets
- HomeMarketCap.com methodology: definitions and calculation rules
Figures are updated monthly by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.