ZIP 78738 covers residential neighborhoods in Austin, located within Travis County, TX, part of the broader Austin housing market. The typical home value in ZIP 78738 in the Austin housing market is $841,405, with a typical rent of $2,177 per month. That puts the local home-value-to-annual-rent ratio at 32.2.
Key stats
- ZIP 78738 is around the 90th percentile of tracked local ZIPs for home value.
- ZIP 78738 is around the 37th percentile of tracked local ZIPs for buyer competition.
- The market-level home-value-to-annual-rent ratio is 32.2.
- 45 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
- $841,405
- Typical rent
- $2,177
- Homes for sale
- 346
- Buyer competition
- 42
- New listings
- 64
- Homes going pending
- 29
- Listings with price cuts
- 29.0%
Price and rent in ZIP 78738
ZIP 78738 is around the 90th percentile of tracked local ZIPs for home value. ZIP 78738 is around the 87th percentile of tracked local ZIPs for rent.
ZIP 78738 home value & rent trend (past 12 months)
Typical home value fell 0.2% over the past 12 months, from $842,692 to $841,405. It rose in 4 of 11 monthly readings. The largest monthly gain was +0.4% in August 2026.
Typical rent fell 0.6% over the past 12 months, from $2,191 to $2,177. It rose in 5 of 11 monthly readings. The largest monthly gain was +1.6% in May 2026.
How ZIP 78738 compares to Austin
ZIP 78738's typical home value is 52.4% above the Austin median of $552,101. ZIP 78738's typical rent is 31.2% above the Austin median of $1,659. ZIP 78738's buyer competition is 4.5% below the Austin median of 44.
How fast homes sell in ZIP 78738
Homes in ZIP 78738 typically go pending in about 82 days — in line with the metro median.
Supply, pending activity, and competition
ZIP 78738 is around the 98th percentile of tracked local ZIPs for for-sale inventory. ZIP 78738 is around the 37th percentile of tracked local ZIPs for buyer competition. 45 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 209 and 368 — a 159-point spread across 41 comparable tracked ZIPs.
Nearby markets worth comparing
Relevant nearby ZIP pages include 78736, 78734, 78733, 78732.
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 78736 housing marketReview a nearby local market with the same core measures.
- ZIP 78734 housing marketReview a nearby local market with the same core measures.
- ZIP 78733 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.