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ZIP Code · TX

ZIP 78724

Part of Austin, TX
Pop. 31,103·Travis County·344th most expensive ZIP in Texas
Median rent (all units)
$1,605/mo
Year-over-Year
+4.7%
Month-over-Month
-2.1%
vs US Median
-$360
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 78724 · $1,605
More affordable than 66% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,400
1 BR
$1,490
2 BR
$1,760
3 BR
$2,240
4 BR+
$2,600
Research median
$1,760/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
$19,260/yr
At $1,605/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 (+4.7% YoY, -2.1% MoM), not inventory.
Demographics

Who lives here

ZIP 78724 (Austin, TX) is majority owner-occupied, has a large share of families with children, 31.6% of residents hold a bachelor's degree or higher.

Population
31,103
Median income
$77,926
Median age
32.2
Renters
39.4%
Age distribution
29%
25.8%
29%
Under 1829%
18–3425.8%
35–5429%
55–6410.2%
65+5.9%
Gender
53.9%
46.1%
Male53.9%
Female46.1%
Race & ethnicity
28.5%
19%
58.6%
White28.5%
Black19%
Hispanic58.6%
Asian2.3%
Education (25+)
21.5%
21.5%
25.4%
31.6%
No HS diploma21.5%
HS diploma21.5%
Some college25.4%
Bachelor's+31.6%
Housing tenure
60.6%
39.4%
Owner60.6%
Renter39.4%

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

2021 vs 2026

How ZIP 78724 in Austin, TX has changed in 5 years

Income
$58,631 → $77,926
up 32.9%
Population
25,936 → 31,103
up 19.9%
Renter share
33% → 39.4%
+6.4 pts
Bachelor's+
20.1% → 31.6%
+11.5 pts
Median age
30.5 → 32.2
+1.7 yrs

Local incomes tracked alongside that move, going from a median of $58,631 in 2021 to $77,926 more recently. Census counts show ZIP 78724 in Austin, TX adding about 5,167 residents over the five-year window, up 19.9% on net. The renter share has risen from 33% to 39.4%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 20.1% to 31.6% across the same window.

Community

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Local insights

Tips for renters in ZIP 78724

About renting in ZIP 78724

Last updated: July 20, 2026

ZIP code 78724 covers Austin, TX. The median rent here is $1,605/mo as of July 2026. A 1-bedroom rents for a median of $1,490/mo. A 2-bedroom rents for a median of $1,760/mo.

At 25% of local median household income ($77,926/yr), ZIP 78724 ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 78724?

As of July 20, 2026, the median monthly rent in ZIP 78724 (Austin, TX) is $1,605. This is based on aggregated data from public sources and community submissions.

How does ZIP 78724 rent compare to the US average?

ZIP 78724's median rent of $1,605/mo is $360 (18%) below the US national median of $1,965/mo.

How does ZIP 78724 compare to other ZIPs in Texas?

ZIP 78724 falls in the middle range for Texas, ranking #344 out of 689 ZIPs at $1,605/mo.

How much income do you need to rent in ZIP 78724?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,605/mo in ZIP 78724. The local median household income is $77,926/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 78724?

Rent in ZIP 78724 has increased 4.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 78724 an affordable place to rent?

ZIP 78724 is considered affordable for renters. At $1,605/mo, rent takes approximately 25% of the local median household income ($77,926/yr). The standard benchmark is 30%. ZIP 78724 falls comfortably within that range.

What percentage of ZIP 78724 residents rent vs. own?

According to Census data, approximately 39.4% of ZIP 78724 households are renters, while 60.6% are owner-occupied. ZIP 78724 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 78724 compare to the rest of Austin?

ZIP 78724 is more affordable than Austin overall. At $1,605/mo, it's $10 below the Austin citywide median of $1,615/mo.

When was rent data for ZIP 78724 last updated?

Rent data for ZIP 78724 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
25%
AFFORDABLE

At $1,605/mo, rent takes ~25% of ZIP 78724's median household income ($77,926/yr). The standard benchmark is 30%.

ZIP 78724 25%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 78724 (Austin, TX)

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