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Austin city, TX

ZIP 78721 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 78721

Median Home Value
$503,400
Median Rent
$1,563
Affordability Snapshot
$139,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,234/mo PITI).

18%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.9x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

26.8 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 78721 in Austin city, TX, a household would need roughly $139,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,234. That is about 35% above the local median household income ($103,285), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
58.8%-10% vs US avg
x
Vacancy Rate
7.4%-28% vs US avg
x
Broadband Access
82.9%-5% vs US avg
x
4+ Bedrooms
1.4%-90% vs US avg
x
Built Pre-1939
3.5%-73% vs US avg
x
Built Post-2014
4.6%-33% vs US avg
x
Rent Burden >30%
18.7%-62% vs US avg
x
Mortgage-Free
29.5%-23% vs US avg
x
$503,400
Home Value
$1,563
Rent
1996
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached66.5%
  • 1-unit attached4.2%
  • 2-9 units12.1%
  • 10+ units15.5%
  • Mobile home & other1.7%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$503,400
Median rent$1,563
Owner-occupied58.8%
Vacant7.4%
Price-to-income4.9x
Est. income to buy$139,000