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Market Snapshot

Median listing price
$850K

The median listing price in Austin, TX ZIP 78734 is $850,000 as of June 2026.

Median rent
$2,650/mo

The median market rent in Austin, TX ZIP 78734 is $2,650/month as of June 2026.

Days on market
223 days

The median days on market in Austin, TX ZIP 78734 is 223 days as of June 2026. The market is currently cold.

Gross rental yield
3.74%

At a median list price of $850,000 and a median rent of $2,650/month, the gross rental yield in Austin, TX ZIP 78734 is 3.74% as of June 2026.

STR vs LTR
$2,632/mo STR · $2,650/mo LTR

In Austin, TX ZIP 78734, median Airbnb revenue is $2,632/month compared to median long-term rent of $2,650/month as of June 2026.

Austin, TX 78734 Real Estate Market Report

ZIP Code: 78734

Report Date: June 2026

Market Temperature:
COLD

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.

Analysis Window
180 Days
Total Properties Analyzed
120
Active Listings
116
Sold Properties
4

Market Metrics

Median Listing Price
$850,000
Median Sold Price
$0
Median Price per Sqft
$318/sqft

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

Median Market Rent
$2,650

Property Taxes

Property Tax Rate
1.09%

Liquidity & Velocity

Median Days on Market
223
Sale-to-List Ratio
100.0%

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Price YoY Trend
down
Market Temperature
cold
Rent YoY Trend
down
Interest Rate Pressure
elevated

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 the 6.04% average observed in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.


Key Findings

  1. median sold price is unavailable in the provided dataset, and as the primary indicator of market value this absence limits direct, transaction-based valuation — the missing value may reflect a very small number of closed sales in the sample or reporting lag rather than a stable market signal; unavailable reporting increases uncertainty when referencing recent transactions.
  2. median listing price is $850,000, which reflects current seller pricing expectations in the area and should be treated as an asking-price signal rather than a confirmed market-clearing value given the lack of a reported median sold price; caution advised when reconciling asks with realized sales.
  3. median days on market is 223, indicating notably slower sales velocity that, together with the analyzed sample showing elevated inventory relative to sales activity, suggests pricing friction and cold market dynamics rather than rapid turnover.
  4. median market rent is $2,650 and the rent year-over-year trend is down while interest rate pressure is elevated; Current 30-year fixed mortgage rates in Austin, TX are 6.44% compared to the 6.04% average observed in early 2026, which may continue to suppress buyer purchasing power and weigh on both price appreciation and rental demand recovery.

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

217 Bella Riva Dr, Austin, TX 78734
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

8 beds7 baths9,409 sqft
$3,720,000
May 1, 2026
$395/sqft/sqft
4106 days on market
15302 Barrie Dr, Lakeway, TX 78734
Premium

Sold above market average

3 beds2 baths4,213 sqft
$1,848,750
Jan 1, 2026
$439/sqft/sqft
34 days on market
15302 Barrie Dr, Lakeway, TX 78734
Premium

Sold above market average

3 beds2 baths4,213 sqft
$1,848,750
Jan 1, 2026
$439/sqft/sqft
34 days on market
2302 Jacks Pass, Austin, TX 78734
Value

Sold below market average

3 beds2.5 baths2,509 sqft
$507,020
Dec 1, 2025
$202/sqft/sqft
4215 days on market
2302 Jacks Pass, Austin, TX 78734
Value

Sold below market average

3 beds2.5 baths2,509 sqft
$507,020
Dec 1, 2025
$202/sqft/sqft
4215 days on market

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 6/1/2026

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