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ZIP Code · TX

ZIP 78704

Part of Austin, TX
Pop. 50,688·Travis County·148th most expensive ZIP in Texas
Median rent (all units)
$1,864/mo
Year-over-Year
-0.7%
Month-over-Month
+0.8%
vs US Median
-$101
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 78704 · $1,864
More expensive than 52% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,670
1 BR
$1,770
2 BR
$2,100
3 BR
$2,660
4 BR+
$3,130
Research median
$2,100/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$22,368/yr
At $1,864/mo median
Location
CityAustin
StateTX
CountyTravis County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-0.7% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 78704 (Austin, TX) is majority renter-occupied, skews toward younger working-age adults, has a median income above the national average, 70.5% of residents hold a bachelor's degree or higher.

Population
50,688
Median income
$106,897
Median age
34.5
Renters
67%
Age distribution
12.5%
38.9%
32.2%
Under 1812.5%
18–3438.9%
35–5432.2%
55–648.5%
65+7.9%
Gender
51.6%
48.4%
Male51.6%
Female48.4%
Race & ethnicity
70%
22.3%
White70%
Black3.2%
Hispanic22.3%
Asian4.6%
Education (25+)
15.2%
70.5%
No HS diploma5.3%
HS diploma9%
Some college15.2%
Bachelor's+70.5%
Housing tenure
33%
67%
Owner33%
Renter67%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 78704 in Austin, TX has changed in 5 years

Rent
$1,657 → $1,864
up 12.5%
Income
$82,641 → $106,897
up 29.4%
Population
49,854 → 50,688
up 1.7%
Renter share
68.6% → 67%
-1.6 pts
Bachelor's+
67.2% → 70.5%
+3.3 pts
Median age
33.2 → 34.5
+1.3 yrs

Five years ago, renters in ZIP 78704 in Austin, TX paid around $1,657 a month. That figure now sits near $1,864, up 12.5% from the 2021 baseline. Census figures show median household income at $106,897 today, compared with $82,641 five years earlier. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show ZIP 78704 in Austin, TX adding about 834 residents over the five-year window, up 1.7% on net. The renter share has eased from 68.6% to 67%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 67.2% to 70.5% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

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About renting in ZIP 78704

Last updated: July 20, 2026

ZIP code 78704 covers Austin, TX. The median rent here is $1,864/mo as of July 2026. A 1-bedroom rents for a median of $1,770/mo. A 2-bedroom rents for a median of $2,100/mo.

At 21% of local median household income ($106,897/yr), ZIP 78704 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 78704?

As of July 20, 2026, the median monthly rent in ZIP 78704 (Austin, TX) is $1,864. This is based on aggregated data from public sources and community submissions.

How does ZIP 78704 rent compare to the US average?

ZIP 78704's median rent of $1,864/mo is $101 (5%) below the US national median of $1,965/mo.

How does ZIP 78704 compare to other ZIPs in Texas?

ZIP 78704 is one of the pricier ZIP codes in Texas, ranking #148 out of 689 ZIPs tracked at $1,864/mo.

How much income do you need to rent in ZIP 78704?

To keep rent at or below 30% of gross income, you would need to earn at least $75,000/year (~$36/hour full-time) to afford the median rent of $1,864/mo in ZIP 78704. The local median household income is $106,897/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 78704?

Rent in ZIP 78704 has decreased 0.7% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 78704 an affordable place to rent?

ZIP 78704 is considered very affordable for renters. At $1,864/mo, rent takes approximately 21% of the local median household income ($106,897/yr). The standard benchmark is 30%. ZIP 78704 falls comfortably within that range.

What percentage of ZIP 78704 residents rent vs. own?

According to Census data, approximately 67% of ZIP 78704 households are renters, while 33% are owner-occupied. With a majority renter population, ZIP 78704 has a strong rental market.

How does ZIP 78704 compare to the rest of Austin?

ZIP 78704 is pricier than Austin as a whole. At $1,864/mo, it's $249 above the Austin citywide median of $1,615/mo.

When was rent data for ZIP 78704 last updated?

Rent data for ZIP 78704 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,864/mo, rent takes ~21% of ZIP 78704's median household income ($106,897/yr). The standard benchmark is 30%.

ZIP 78704 21%Benchmark 30%
State income taxNone
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Schools nearby

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