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ZIP Code · TX

ZIP 78731

Part of Austin, TX
Pop. 27,507·Travis County·313th most expensive ZIP in Texas
Median rent (all units)
$1,634/mo
Year-over-Year
+11.4%
Month-over-Month
+5.2%
vs US Median
-$331
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 78731 · $1,634
More affordable than 64% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,440
1 BR
$1,530
2 BR
$1,810
3 BR
$2,290
4 BR+
$2,700
Research median
$1,810/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
$19,608/yr
At $1,634/mo median
Location
CityAustin
StateTX
CountyTravis County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.4% YoY, +5.2% MoM), not inventory.
Demographics

Who lives here

ZIP 78731 (Austin, TX) is roughly split between renters and owners, has a median income above the national average, 78.3% of residents hold a bachelor's degree or higher.

Population
27,507
Median income
$105,494
Median age
42.3
Renters
46.9%
Age distribution
15.9%
24.3%
27.6%
12.9%
19.3%
Under 1815.9%
18–3424.3%
35–5427.6%
55–6412.9%
65+19.3%
Gender
52.5%
47.5%
Male52.5%
Female47.5%
Race & ethnicity
77.1%
13.2%
White77.1%
Black2.4%
Hispanic13.2%
Asian7.7%
Education (25+)
13.7%
78.3%
No HS diploma1.4%
HS diploma6.6%
Some college13.7%
Bachelor's+78.3%
Housing tenure
53.1%
46.9%
Owner53.1%
Renter46.9%

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

2021 vs 2026

How ZIP 78731 in Austin, TX has changed in 5 years

Rent
$1,327 → $1,634
up 23.1%
Income
$92,641 → $105,494
up 13.9%
Population
26,506 → 27,507
up 3.8%
Renter share
46.1% → 46.9%
+0.8 pts
Bachelor's+
80.8% → 78.3%
-2.5 pts
Median age
40.4 → 42.3
+1.9 yrs

Since 2021, the typical rent in ZIP 78731 in Austin, TX has increased from $1,327 to $1,634, a 23.1% change over five years. Household income in the area moved from $92,641 to $105,494 across the same window, up 13.9% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.8% since 2021, moving from about 26,506 residents to roughly 27,507. College-educated residents now make up 78.3% of adults here, versus 80.8% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 78731 in Austin, TX look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 78731

About renting in ZIP 78731

Last updated: July 20, 2026

ZIP code 78731 covers Austin, TX. The median rent here is $1,634/mo as of July 2026. A 1-bedroom rents for a median of $1,530/mo. A 2-bedroom rents for a median of $1,810/mo.

At 19% of local median household income ($105,494/yr), ZIP 78731 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 78731?

As of July 20, 2026, the median monthly rent in ZIP 78731 (Austin, TX) is $1,634. This is based on aggregated data from public sources and community submissions.

How does ZIP 78731 rent compare to the US average?

ZIP 78731's median rent of $1,634/mo is $331 (17%) below the US national median of $1,965/mo.

How does ZIP 78731 compare to other ZIPs in Texas?

ZIP 78731 falls in the middle range for Texas, ranking #313 out of 689 ZIPs at $1,634/mo.

How much income do you need to rent in ZIP 78731?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,634/mo in ZIP 78731. The local median household income is $105,494/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 78731?

Rent in ZIP 78731 has increased 11.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 78731 an affordable place to rent?

ZIP 78731 is considered very affordable for renters. At $1,634/mo, rent takes approximately 19% of the local median household income ($105,494/yr). The standard benchmark is 30%. ZIP 78731 falls comfortably within that range.

What percentage of ZIP 78731 residents rent vs. own?

According to Census data, approximately 46.9% of ZIP 78731 households are renters, while 53.1% are owner-occupied. ZIP 78731 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 78731 compare to the rest of Austin?

ZIP 78731 is pricier than Austin as a whole. At $1,634/mo, it's $19 above the Austin citywide median of $1,615/mo.

When was rent data for ZIP 78731 last updated?

Rent data for ZIP 78731 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $1,634/mo, rent takes ~19% of ZIP 78731's median household income ($105,494/yr). The standard benchmark is 30%.

ZIP 78731 19%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 78731 (Austin, TX)

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