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 $660,440, with a typical rent of $2,937 per month. That puts the local home-value-to-annual-rent ratio at 18.7.
Key stats
- ZIP 78701 is around the 68th percentile of tracked local ZIPs for home value.
- ZIP 78701 is around the 12th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 18.7.
- 30 homes went pending for every 100 new listings in the current reading.
- Supply contracted while buyer competition strengthened.
- Typical home value
- $660,440
- Typical rent
- $2,937
- Homes for sale
- 239
- Buyer competition
- 36
- New listings
- 30
- Homes going pending
- 9
- Listings with price cuts
- 21.0%
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 last 11 months, from $680,845 to $660,440. It rose in 4 of 10 monthly readings. The largest monthly gain was +0.8% in October 2025.
Typical rent rose 0.8% over the last 11 months, from $2,915 to $2,937. It rose in 6 of 10 monthly readings. The largest monthly gain was +1.5% in February 2026.
How ZIP 78701 compares to Austin
ZIP 78701's typical home value is 18.0% above the Austin median of $559,762. ZIP 78701's typical rent is 73.0% above the Austin median of $1,698. ZIP 78701's buyer competition is 20.0% below the Austin median of 45.
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 12th percentile of tracked local ZIPs for buyer competition. 30 homes went pending for every 100 new listings in the current reading. Supply contracted while buyer competition strengthened. Over the 11 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 78736Compare this market with another tracked ZIP or peer group.
- Compare 78701 vs 78739Compare this market with another tracked ZIP or peer group.
- Compare 78701 vs top 5 ZIPsCompare 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 under our editorial policy. Spotted something wrong? Report a correction.