ZIP 78703 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78703 in the Austin housing market is $1,307,386, with a typical rent of $2,492 per month. That puts the local home-value-to-annual-rent ratio at 43.7.
Key stats
- ZIP 78703 is among the highest of tracked local ZIPs for home value.
- ZIP 78703 is around the 76th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 43.7.
- 30 homes went pending for every 100 new listings in the current reading.
- Supply contracted while buyer competition strengthened.
- Typical home value
- $1,307,386
- Typical rent
- $2,492
- Homes for sale
- 118
- Buyer competition
- 48
- New listings
- 23
- Homes going pending
- 7
- Listings with price cuts
- 22.2%
Price and rent in ZIP 78703
ZIP 78703 is among the highest of tracked local ZIPs for home value. ZIP 78703 is around the 90th percentile of tracked local ZIPs for rent.
ZIP 78703 home value & rent trend (past 12 months)
Typical home value rose 2.6% over the past 12 months, from $1,274,298 to $1,307,386. It rose in 8 of 11 monthly readings. The largest monthly gain was +0.9% in August 2026.
Typical rent rose 1.7% over the past 12 months, from $2,450 to $2,492. It rose in 7 of 11 monthly readings. The largest monthly gain was +1.1% in April 2026.
How ZIP 78703 compares to Austin
ZIP 78703's typical home value is 136.8% above the Austin median of $552,101. ZIP 78703's typical rent is 50.2% above the Austin median of $1,659. ZIP 78703's buyer competition is 9.1% above the Austin median of 44.
Supply, pending activity, and competition
ZIP 78703 is around the 46th percentile of tracked local ZIPs for for-sale inventory. ZIP 78703 is around the 76th 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 12 readings on record, inventory moved between 109 and 147 — a 38-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78705, 78756, 78751, 78701.
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 78703 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 78756 housing marketReview a nearby local market with the same core measures.
- ZIP 78751 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.