Market Snapshot
- Median listing price
- $997K
- Median rent
- $2,044/mo
- Days on market
- 140 days
- Gross rental yield
- 2.46%
- STR vs LTR
- $1,926/mo STR · $2,044/mo LTR
The median listing price in Austin, TX ZIP 78704 is $997,499.5 as of June 2026.
The median market rent in Austin, TX ZIP 78704 is $2,044/month as of June 2026.
The median days on market in Austin, TX ZIP 78704 is 140 days as of June 2026. The market is currently neutral.
At a median list price of $997,499.5 and a median rent of $2,044/month, the gross rental yield in Austin, TX ZIP 78704 is 2.46% as of June 2026.
In Austin, TX ZIP 78704, median Airbnb revenue is $1,926/month compared to median long-term rent of $2,044/month as of June 2026.
Austin, TX 78704 Real Estate Market Report
ZIP Code: 78704
Report Date: June 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
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 TX are 6.44% compared to approximately 6.19% for loans originated in early 2026, indicating that property owners in this market currently hold more favorable rates than those available today.
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 not available in the provided metrics; this absence may reflect reporting lag or limited closed-transaction data in the analyzed sample, so rely on listed-price and market-temperature indicators for near-term valuation guidance (contextual).
- The median listing price is 997,500, paired with a median days on market of 140, which suggests slower sales velocity and potential pricing friction; sellers should consider time-based incentives or modest price adjustments to improve transaction likelihood (neutral).
- The median price per square foot is 559 while median market rent is 2,044; these figures indicate elevated per-square-foot pricing alongside cooling rent trends (flat), so investors and owner-occupiers should prioritize micro-location comparables and condition-driven pricing when underwriting acquisitions.
- Interest-rate dynamics are a material headwind: interest rate pressure is described as elevated, and local financing conditions show Current 30-year fixed mortgage rates in Austin TX are 6.44% compared to approximately 6.19% for loans originated in early 2026, which may suppress buyer purchasing power and extend marketing timelines—consider buyer-friendly financing concessions or adjustable terms to maintain competitiveness (elevated).
Notable Properties
The following 8 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.
Sold above market average
Sold above market average
Quick sale indicating strong buyer demand and competitive market conditions.
Quick sale indicating strong buyer demand and competitive market conditions.
Sold above market average
Sold above market average
Sold above market average
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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