ZIP Code · TX

ZIP 78737

Part of Austin, TX

Pop. 27,023·Hays County·158th most expensive ZIP in Texas

Median rent (all units)

$1,843/mo

Year-over-Year

-5.8%

Month-over-Month

-0.8%

vs US Median

-$89

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 78737 · $1,843

More expensive than 52% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,376

1 BR

$1,460

2 BR

$1,733

3 BR

$2,194

4 BR+

$2,585

Research median

$1,733/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 78737 is 11.6% below its high of $2,085 in January 2024, at $1,843 as of September 2026.

Past year vs. the rest of Texas

Rent in ZIP 78737 changed -5.8% over the year to September 2026. Across the 629 Texas ZIP codes Zillow tracks, the typical change was +1.2%.

Recent direction

Rent has fallen 3 months in a row, and rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($168,920) is $4,223 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,700).

Rank in Austin

26th cheapest of 37 ZIP codes in Austin.

Cheaper nearby

ZIP 78736, 5 miles away, rents for 22% less ($1,438/mo), about $4,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 78737. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$22,116/yr

At $1,843/mo median

Location

CityAustin

StateTX

CountyHays County

Rent Market Meter

Strong Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are down 5.8% year-over-year. Push hard on price, concessions, and lease terms.

Based on rent-price momentum (-5.8% YoY, -0.8% MoM), not inventory.

Demographics

Who lives here

ZIP 78737 (Austin, TX) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 66.9% of residents hold a bachelor's degree or higher.

Population

27,023

Median income

$168,920

Median age

39.5

Renters

12.3%

Age distribution

31%

33.9%

14.3%

Under 1831%

18–3411.3%

35–5433.9%

55–649.4%

65+14.3%

Gender

51.7%

48.3%

Male51.7%

Female48.3%

Race & ethnicity

73.4%

20.4%

White73.4%

Black2.3%

Hispanic20.4%

Asian3.9%

Education (25+)

22.3%

66.9%

No HS diploma1.2%

HS diploma9.6%

Some college22.3%

Bachelor's+66.9%

Housing tenure

87.7%

12.3%

Owner87.7%

Renter12.3%

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

2023 vs 2026

How ZIP 78737 in Austin, TX has changed in 5 years

Rent

$2,041 → $1,843

down 9.7%

Income

$139,869 → $168,920

up 20.8%

Population

24,783 → 27,023

up 9.0%

Renter share

10.7% → 12.3%

+1.6 pts

Bachelor's+

61.1% → 66.9%

+5.8 pts

Median age

38.1 → 39.5

+1.4 yrs

Compared with 2023, rent in ZIP 78737 in Austin, TX has declined by $198 per month, settling near $1,843 after starting the period at $2,041. Median household income grew from $139,869 to $168,920 between 2021 and 2024, a 20.8% shift. Income growth outran rent by about 30.5 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 24,783 to 27,023 between 2021 and 2024, a 9.0% change. About 12.3% of households rent today, against 10.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 61.1% to 66.9%. Taken together, the five-year picture in ZIP 78737 in Austin, TX reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 78737

Last updated: October 17, 2026

ZIP code 78737 covers Austin, TX. The median rent here is $1,843/mo as of October 2026. A 1-bedroom rents for a median of $1,460/mo. A 2-bedroom rents for a median of $1,733/mo.

At 13% of local median household income ($168,920/yr), ZIP 78737 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 5.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 78737?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (about $36/hour full-time) to afford the median rent of $1,843/mo in ZIP 78737. The local median household income is $168,920/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 78737?

Rent in ZIP 78737 has fallen 5.8% over the past year as of September 2026. It sits 11.6% below its high of $2,085 in January 2024.

How does ZIP 78737 compare to other ZIPs in Texas?

ZIP 78737 is one of the pricier among Texas ZIP codes for rent, ranking #158 of 693 at $1,843/mo. Over the year to September 2026, rent in ZIP 78737 changed -5.8%, against a typical +1.2% across the 629 Texas ZIP codes Zillow tracks.