ZIP 78704 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78704 in the Austin housing market is $731,493, with a typical rent of $1,887 per month. That puts the local home-value-to-annual-rent ratio at 32.3.
Key stats
- ZIP 78704 is around the 78th percentile of tracked local ZIPs for home value.
- ZIP 78704 is around the 41st percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 32.3.
- 38 homes went pending for every 100 new listings in the current reading.
- Supply contracted while buyer competition strengthened.
- Typical home value
- $731,493
- Typical rent
- $1,887
- Homes for sale
- 403
- Buyer competition
- 44
- New listings
- 73
- Homes going pending
- 28
- Listings with price cuts
- 28.5%
Price and rent in ZIP 78704
ZIP 78704 is around the 78th percentile of tracked local ZIPs for home value. ZIP 78704 is around the 74th percentile of tracked local ZIPs for rent.
ZIP 78704 home value & rent trend (past 12 months)
Typical home value fell 2.8% over the last 11 months, from $752,829 to $731,493. It rose in 2 of 10 monthly readings. The largest monthly gain was +0.5% in July 2026.
Typical rent rose 0.7% over the last 11 months, from $1,874 to $1,887. It rose in 4 of 10 monthly readings. The largest monthly gain was +1.1% in April 2026.
How ZIP 78704 compares to Austin
ZIP 78704's typical home value is 30.7% above the Austin median of $559,762. ZIP 78704's typical rent is 11.1% above the Austin median of $1,698. ZIP 78704's buyer competition is 2.2% below the Austin median of 45.
How fast homes sell in ZIP 78704
Homes in ZIP 78704 typically go pending in about 78 days — about 32% slower than the metro median of 59 days.
Supply, pending activity, and competition
ZIP 78704 is among the highest of tracked local ZIPs for for-sale inventory. ZIP 78704 is around the 41st percentile of tracked local ZIPs for buyer competition. 38 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 242 and 410 — a 168-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78701, 78741, 78745, 78702.
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.
- All Austin ZIP comparisonsCompare this market with another tracked ZIP or peer group.
- ZIP 78701 housing marketReview a nearby local market with the same core measures.
- ZIP 78741 housing marketReview a nearby local market with the same core measures.
- ZIP 78745 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.