ZIP 78724 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78724 in the Austin housing market is $312,704, with a typical rent of $1,639 per month. That puts the local home-value-to-annual-rent ratio at 15.9.
Key stats
- ZIP 78724 is around the 2nd percentile of tracked local ZIPs for home value.
- ZIP 78724 is around the 54th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 15.9.
- 26 homes went pending for every 100 new listings in the current reading.
- Supply and buyer competition did not produce a clear easing or tightening split.
- Typical home value
- $312,704
- Typical rent
- $1,639
- Homes for sale
- 104
- Buyer competition
- 44
- New listings
- 23
- Homes going pending
- 6
- Listings with price cuts
- 31.8%
Price and rent in ZIP 78724
ZIP 78724 is around the 2nd percentile of tracked local ZIPs for home value. ZIP 78724 is around the 44th percentile of tracked local ZIPs for rent.
ZIP 78724 home value & rent trend (past 12 months)
Typical home value fell 6.2% over the past 12 months, from $333,490 to $312,704. It rose in 0 of 11 monthly readings.
Typical rent rose 1.4% over the past 12 months, from $1,616 to $1,639. It rose in 6 of 11 monthly readings. The largest monthly gain was +1.7% in December 2025.
How ZIP 78724 compares to Austin
ZIP 78724's typical home value is 43.4% below the Austin median of $552,101. ZIP 78724's typical rent is 1.2% below the Austin median of $1,659.
Supply, pending activity, and competition
ZIP 78724 is around the 37th percentile of tracked local ZIPs for for-sale inventory. ZIP 78724 is around the 54th percentile of tracked local ZIPs for buyer competition. 26 homes went pending for every 100 new listings in the current reading. Supply and buyer competition did not produce a clear easing or tightening split. Over the 12 readings on record, inventory moved between 66 and 104 — a 38-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78725, 78721, 78723, 78754.
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 78725 housing marketReview a nearby local market with the same core measures.
- ZIP 78721 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.