ZIP 78731 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78731 in the Austin housing market is $1,035,664, with a typical rent of $1,729 per month. That puts the local home-value-to-annual-rent ratio at 49.9.
Key stats
- ZIP 78731 is around the 93rd percentile of tracked local ZIPs for home value.
- ZIP 78731 is around the 27th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 49.9.
- 51 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
- $1,035,664
- Typical rent
- $1,729
- Homes for sale
- 154
- Buyer competition
- 41
- New listings
- 37
- Homes going pending
- 19
- Listings with price cuts
- 25.6%
Price and rent in ZIP 78731
ZIP 78731 is around the 93rd percentile of tracked local ZIPs for home value. ZIP 78731 is around the 54th percentile of tracked local ZIPs for rent.
ZIP 78731 home value & rent trend (past 12 months)
Typical home value rose 0.7% over the last 11 months, from $1,027,989 to $1,035,664. It rose in 7 of 10 monthly readings. The largest monthly gain was +0.8% in July 2026.
Typical rent rose 3.1% over the last 11 months, from $1,677 to $1,729. It rose in 6 of 10 monthly readings. The largest monthly gain was +2.0% in May 2026.
How ZIP 78731 compares to Austin
ZIP 78731's typical home value is 85.0% above the Austin median of $559,762. ZIP 78731's typical rent is 1.8% above the Austin median of $1,698. ZIP 78731's buyer competition is 8.9% below the Austin median of 45.
Supply, pending activity, and competition
ZIP 78731 is around the 71st percentile of tracked local ZIPs for for-sale inventory. ZIP 78731 is around the 27th percentile of tracked local ZIPs for buyer competition. 51 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 11 readings on record, inventory moved between 110 and 162 — a 52-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78756, 78757, 78703, 78751.
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 78756 housing marketReview a nearby local market with the same core measures.
- ZIP 78757 housing marketReview a nearby local market with the same core measures.
- ZIP 78703 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.