Market Snapshot
- Median listing price
- $650K
- Median rent
- $2,450/mo
- Days on market
- 142 days
- Gross rental yield
- 4.52%
- STR vs LTR
- $3,363/mo STR · $2,450/mo LTR
The median listing price in Austin, TX ZIP 78702 is $650,000 as of July 2026.
The median market rent in Austin, TX ZIP 78702 is $2,450/month as of July 2026.
The median days on market in Austin, TX ZIP 78702 is 142 days as of July 2026. The market is currently neutral.
At a median list price of $650,000 and a median rent of $2,450/month, the gross rental yield in Austin, TX ZIP 78702 is 4.52% as of July 2026.
In Austin, TX ZIP 78702, median Airbnb revenue is $3,363/month compared to median long-term rent of $2,450/month as of July 2026.
Austin, TX 78702 Real Estate Market Report
ZIP Code: 78702
Report Date: July 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Austin 78702 are 6.6% compared to 6.0% for typical loans originated earlier in 2026, representing a 0.6% increase in market rates.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price is unavailable in the provided metrics; as the primary indicator of realized market value and recent transaction activity, its absence limits precise statements about recent sale-level pricing but may reflect a thin or incomplete sold-sample in the dataset rather than stable market appreciation. neutral
- median listing price is 650,000, while listings show a median days on market of 142, which suggests slower sales velocity and potential pricing friction between buyers and sellers; the gap between asking and realized sale prices cannot be confirmed because the median sold price is not provided. down
- Sample-level availability indicates elevated inventory relative to sales, which, combined with a market temperature described as neutral, suggests the market is moving toward balance but currently has excess supply that may prolong negotiation timelines and support longer listing durations. stable
- Interest-rate dynamics are a headwind: interest rate pressure is described as elevated — Current 30-year fixed mortgage rates in Austin 78702 are 6.6% compared to 6.0% for typical loans originated earlier in 2026, representing a 0.6% increase in market rates — which may constrain affordability and suppress near-term price appreciation, while rent growth is also reported as down (median market rent is 2,450). elevated
Notable Properties
The following 2 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Representative market sale establishing baseline for properties in the core neighborhood.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.49% rate, 1.6% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 7/10/2026
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