ZIP 78721 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78721 in the Austin housing market is $418,488, with a typical rent of $1,870 per month. That puts the local home-value-to-annual-rent ratio at 18.6.
Key stats
- ZIP 78721 is around the 32nd percentile of tracked local ZIPs for home value.
- ZIP 78721 is around the 2nd percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 18.6.
- 27 homes went pending for every 100 new listings in the current reading.
- Supply increased while buyer competition eased.
- Typical home value
- $418,488
- Typical rent
- $1,870
- Homes for sale
- 113
- Buyer competition
- 34
- New listings
- 22
- Homes going pending
- 6
- Listings with price cuts
- 36.1%
Price and rent in ZIP 78721
ZIP 78721 is around the 32nd percentile of tracked local ZIPs for home value. ZIP 78721 is around the 69th percentile of tracked local ZIPs for rent.
ZIP 78721 home value & rent trend (past 12 months)
Typical home value fell 6.1% over the last 11 months, from $445,884 to $418,488. It rose in 0 of 10 monthly readings.
Typical rent rose 0.2% over the last 11 months, from $1,867 to $1,870. It rose in 5 of 10 monthly readings. The largest monthly gain was +1.9% in June 2026.
How ZIP 78721 compares to Austin
ZIP 78721's typical home value is 25.2% below the Austin median of $559,762. ZIP 78721's typical rent is 10.1% above the Austin median of $1,698. ZIP 78721's buyer competition is 24.4% below the Austin median of 45.
Supply, pending activity, and competition
ZIP 78721 is around the 41st percentile of tracked local ZIPs for for-sale inventory. ZIP 78721 is around the 2nd percentile of tracked local ZIPs for buyer competition. 27 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 70 and 113 — a 43-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78702, 78722, 78723, 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 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.
- ZIP 78723 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.