ZIP 78728 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78728 in the Austin housing market is $396,333, with a typical rent of $1,269 per month. That puts the local home-value-to-annual-rent ratio at 26.0.
Key stats
- ZIP 78728 is around the 24th percentile of tracked local ZIPs for home value.
- ZIP 78728 is around the 10th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 26.0.
- Supply and buyer competition did not produce a clear easing or tightening split.
- ZIP 78728's typical home value is 28.2% below the Austin median of $552,101.
- Typical home value
- $396,333
- Typical rent
- $1,269
- Homes for sale
- 45
- Buyer competition
- 36
- New listings
- 12
- Listings with price cuts
- 33.3%
Price and rent in ZIP 78728
ZIP 78728 is around the 24th percentile of tracked local ZIPs for home value. ZIP 78728 is around the 3rd percentile of tracked local ZIPs for rent.
ZIP 78728 home value & rent trend (past 12 months)
Typical home value fell 4.1% over the past 12 months, from $413,293 to $396,333. It rose in 0 of 11 monthly readings.
Typical rent fell 2.6% over the past 12 months, from $1,302 to $1,269. It rose in 5 of 11 monthly readings. The largest monthly gain was +0.6% in April 2026.
How ZIP 78728 compares to Austin
ZIP 78728's typical home value is 28.2% below the Austin median of $552,101. ZIP 78728's typical rent is 23.5% below the Austin median of $1,659. ZIP 78728's buyer competition is 18.2% below the Austin median of 44.
Supply, pending activity, and competition
ZIP 78728 is around the 10th percentile of tracked local ZIPs for for-sale inventory. ZIP 78728 is around the 10th percentile 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 30 and 68 — a 38-point spread across 41 comparable tracked ZIPs. Inventory has moved rising in each of the latest three available monthly readings.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78727, 78753, 78758, 78759.
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 78727 housing marketReview a nearby local market with the same core measures.
- ZIP 78753 housing marketReview a nearby local market with the same core measures.
- ZIP 78758 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.