ZIP 78702 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78702 in the Austin housing market is $556,037, with a typical rent of $2,101 per month. That puts the local home-value-to-annual-rent ratio at 22.1.
Key stats
- ZIP 78702 is around the 46th percentile of tracked local ZIPs for home value.
- ZIP 78702 is around the 27th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 22.1.
- 22 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $556,037
- Typical rent
- $2,101
- Homes for sale
- 242
- Buyer competition
- 41
- New listings
- 50
- Homes going pending
- 11
- Listings with price cuts
- 26.7%
Price and rent in ZIP 78702
ZIP 78702 is around the 46th percentile of tracked local ZIPs for home value. ZIP 78702 is around the 82nd percentile of tracked local ZIPs for rent.
ZIP 78702 home value & rent trend (past 12 months)
Typical home value fell 4.4% over the last 11 months, from $581,675 to $556,037. It rose in 0 of 10 monthly readings.
Typical rent fell 1.8% over the last 11 months, from $2,139 to $2,101. It rose in 4 of 10 monthly readings. The largest monthly gain was +0.8% in April 2026.
How ZIP 78702 compares to Austin
ZIP 78702's typical rent is 23.7% above the Austin median of $1,698. ZIP 78702's buyer competition is 8.9% below the Austin median of 45.
Supply, pending activity, and competition
ZIP 78702 is around the 88th percentile of tracked local ZIPs for for-sale inventory. ZIP 78702 is around the 27th percentile of tracked local ZIPs for buyer competition. 22 homes went pending for every 100 new listings in the current reading. Supply increased while buyer competition eased. Over the 11 readings on record, inventory moved between 186 and 254 — a 68-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78721, 78722, 78701, 78741.
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 78702 vs 78736Compare this market with another tracked ZIP or peer group.
- Compare 78702 vs 78739Compare this market with another tracked ZIP or peer group.
- Compare 78702 vs top 5 ZIPsCompare this market with another tracked ZIP or peer group.
- ZIP 78721 housing marketReview a nearby local market with the same core measures.
- ZIP 78722 housing marketReview a nearby local market with the same core measures.
- ZIP 78701 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.