Market Snapshot
- Median listing price
- $385K
- Median rent
- $2,300/mo
- Days on market
- 283 days
- Gross rental yield
- 7.17%
- STR vs LTR
- $3,304/mo STR · $2,300/mo LTR
The median listing price in Austin, TX ZIP 78721 is $385,000 as of June 2026.
The median market rent in Austin, TX ZIP 78721 is $2,300/month as of June 2026.
The median days on market in Austin, TX ZIP 78721 is 283 days as of June 2026. The market is currently neutral.
At a median list price of $385,000 and a median rent of $2,300/month, the gross rental yield in Austin, TX ZIP 78721 is 7.17% as of June 2026.
In Austin, TX ZIP 78721, median Airbnb revenue is $3,304/month compared to median long-term rent of $2,300/month as of June 2026.
Austin, TX 78721 Real Estate Market Report
ZIP Code: 78721
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 the 78721 area are averaging approximately 6.6% as of June 2026, reflecting a stable market environment compared to earlier 2026 levels.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- The neighborhood's primary transaction indicator, the median sold price, is 418,055, signaling current market value based on completed sales and serving as the most reliable price signal; recent price direction is down.
- Liquidity appears slow: the median days on market is 283, which suggests extended listing durations and slower sales velocity despite ongoing transaction activity in the area.
- There is elevated inventory relative to sales activity in the analyzed sample, which, combined with a median listing price of 385,000, may indicate pricing friction between seller expectations and recent transaction levels and a neutral market balance in broader market temperature.
- Financing pressure is a headwind: interest rate pressure is elevated, with current 30-year fixed mortgage rates averaging approximately 6.6% in the area as of June 2026, which likely contributes to the observed downward price trend and reduced buyer purchasing power.
Notable Properties
The following 5 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.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.53% rate, 1.5% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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