ZIP 78705 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78705 in the Austin housing market is $324,507, with a typical rent of $1,864 per month. That puts the local home-value-to-annual-rent ratio at 14.5.
Key stats
- ZIP 78705 is around the 10th percentile of tracked local ZIPs for home value.
- ZIP 78705 is around the 20th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 14.5.
- 23 homes went pending for every 100 new listings in the current reading.
- Supply contracted while buyer competition strengthened.
- Typical home value
- $324,507
- Typical rent
- $1,864
- Homes for sale
- 169
- Buyer competition
- 38
- New listings
- 22
- Homes going pending
- 5
- Listings with price cuts
- 19.1%
Price and rent in ZIP 78705
ZIP 78705 is around the 10th percentile of tracked local ZIPs for home value. ZIP 78705 is around the 72nd percentile of tracked local ZIPs for rent.
ZIP 78705 home value & rent trend (past 12 months)
Typical home value fell 5.5% over the past 12 months, from $343,237 to $324,507. It rose in 2 of 11 monthly readings. The largest monthly gain was +0.5% in October 2025.
Typical rent fell 0.5% over the past 12 months, from $1,874 to $1,864. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.4% in January 2026.
How ZIP 78705 compares to Austin
ZIP 78705's typical home value is 41.2% below the Austin median of $552,101. ZIP 78705's typical rent is 12.3% above the Austin median of $1,659. ZIP 78705's buyer competition is 13.6% below the Austin median of 44.
Supply, pending activity, and competition
ZIP 78705 is around the 80th percentile of tracked local ZIPs for for-sale inventory. ZIP 78705 is around the 20th percentile of tracked local ZIPs for buyer competition. 23 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 76 and 175 — a 99-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78703, 78722, 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.
- All Austin ZIP comparisonsCompare this market with another tracked ZIP or peer group.
- ZIP 78703 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 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.