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 $410,578, with a typical rent of $1,822 per month. That puts the local home-value-to-annual-rent ratio at 18.8.
Key stats
- ZIP 78721 is around the 29th percentile of tracked local ZIPs for home value.
- ZIP 78721 is among the lowest of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 18.8.
- Supply and buyer competition did not produce a clear easing or tightening split.
- ZIP 78721's typical home value is 25.6% below the Austin median of $552,101.
- Typical home value
- $410,578
- Typical rent
- $1,822
- Homes for sale
- 110
- Buyer competition
- 32
- New listings
- 18
- Listings with price cuts
- 36.4%
Price and rent in ZIP 78721
ZIP 78721 is around the 29th percentile of tracked local ZIPs for home value. ZIP 78721 is around the 64th percentile of tracked local ZIPs for rent.
ZIP 78721 home value & rent trend (past 12 months)
Typical home value fell 5.9% over the past 12 months, from $436,260 to $410,578. It rose in 1 of 11 monthly readings. The largest monthly gain was +0.3% in August 2026.
Typical rent fell 0.6% over the past 12 months, from $1,833 to $1,822. It rose in 5 of 11 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 25.6% below the Austin median of $552,101. ZIP 78721's typical rent is 9.8% above the Austin median of $1,659. ZIP 78721's buyer competition is 27.3% below the Austin median of 44.
Supply, pending activity, and competition
ZIP 78721 is around the 41st percentile of tracked local ZIPs for for-sale inventory. ZIP 78721 is among the lowest of tracked local ZIPs for buyer competition. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 70 and 113 — a 43-point spread across 41 comparable tracked ZIPs. Over the 12 readings on record, buyer competition moved between 32 and 65 — a 33-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 by the HomeMarketCap.com team under our editorial policy. Spotted something wrong? Report a correction.