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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 78731 usually run 1.5% below trend in January and 2.1% above it in July, about $57 a month apart at today's median. Based on 9 years of data.
Rent in ZIP 78731 is 8.1% below its high of $1,735 in October 2022, at $1,594 as of September 2026.
Rent in ZIP 78731 changed +1.5% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.
From 2019 to 2024, rent in ZIP 78731 rose 17.8% while median household income rose 11.2% ($94,851 to $105,494). Rent outpaced income.
Rent in ZIP 78731 is 15.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($105,494) is $2,637 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($2,290); a 4-bedroom is $2,700.
17th cheapest of 37 ZIP codes in Austin.
ZIP 78759, 4 miles away, rents for 13% less ($1,392/mo), about $2,400 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 78731. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 78731 in Austin, TX has changed in 5 years
Since 2021, the typical rent in ZIP 78731 in Austin, TX has increased from $1,384 to $1,594, a 15.2% 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. 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.
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Tips for renters in ZIP 78731
Last updated: October 17, 2026
ZIP code 78731 covers Austin, TX. The median rent here is $1,594/mo as of October 2026. A 1-bedroom rents for a median of $1,530/mo. A 2-bedroom rents for a median of $1,810/mo.
At 18% of local median household income ($105,494/yr), ZIP 78731 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.5% over the past year.
Frequently asked questions
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How does ZIP 78731 compare to other ZIPs in Texas?
How does ZIP 78731 compare to the rest of Austin?
At $1,594/mo, rent takes ~18% of ZIP 78731's median household income ($105,494/yr). The standard benchmark is 30%.
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