How much is a home worth in ZIP code 78704?

The typical home in 78704 is worth $731,436, based on the Zillow Home Value Index.

Are home values rising in 78704?

Home values in 78704 are down 5.2% over the past year, and down 0.0% a year over five years.

What is the typical rent in 78704?

A typical home in 78704 rents for about $1,862 a month, a gross rental yield of 3.1%.

What is the property tax rate in 78704?

The effective property tax rate in 78704 is 1.3% — roughly $9,861 a year on a typical home.

ZIP code 78704 has a population of 50,688 and a median household income of $106,897.

HousingHandbookReference data

…

U.S. ZIP Code · TX78704

Travis County · Austin-Round Rock-San Marcos, TX

Typical home value

$731,436^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -5.2%
5-year / yr: 0.0%
10-year / yr: +3.7%

Relative price

vs U.S.: +157.5%
vs metro: +66.4%
vs state: +179.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 78704 is worth $731,436 — 66.4% above the Austin-Round Rock-San Marcos, TX median. Over the past year, values have fallen 5.2%. Homes here rent for a typical $1,862 a month — a 3.1% gross rental yield. The effective property tax rate is 1.3%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,862^[2]
Gross yield: 3.1%^[2]
Cap rate: 1.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 1.3%^[3]
Typical annual tax: $9,861^[3]

#Climate risk

FEMA National Risk Index ratings for Travis County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Not Applicable
Wildfire: Relatively Moderate
Drought: Relatively Low
Heat wave: Relatively High
Hurricane: Relatively Low
Tornado: Very High
Earthquake: Very Low
Winter weather: Relatively Moderate

#Who lives here

Population: 50,688^[3]
Median household income: $106,897^[3]

#Migration

Household moves in and out of Travis County over a year, from IRS tax-return data.

Net migration: +647^[5]
Moved in: 56,461
Moved out: 55,814

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 15
Elementary: 7
Middle: 1
High: 5

TRAVIS EARLY COLLEGE H S
High · Grades 9–12 · AUSTIN ISD
1,157 students
LIVELY MIDDLE
Middle · Grades 6–8 · AUSTIN ISD
948 students
RICHARDS SCH FOR YOUNG WOMEN LEADERS
High · Grades 6–12 · AUSTIN ISD
907 students
ZILKER EL
Elementary · Grades PK–5 · AUSTIN ISD
495 students
BECKER EL
Elementary · Grades PK–5 · AUSTIN ISD
492 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield3.1%

Net yield (after ~40% expenses)1.8%

Annual rent$22,346

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$3,699

Loan principal$585,149

Down payment$146,287

Total interest paid$746,326

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio2.76

Monthly cost to own$5,131

Monthly rent$1,862

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 23rd percentile^[1]
Rental yield: 18th percentile^[2]
Property tax: 60th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 78704?: The typical home in 78704 is worth $731,436, based on the Zillow Home Value Index.
Are home values rising in 78704?: Home values in 78704 are down 5.2% over the past year, and down 0.0% a year over five years.
What is the typical rent in 78704?: A typical home in 78704 rents for about $1,862 a month, a gross rental yield of 3.1%.
What is the property tax rate in 78704?: The effective property tax rate in 78704 is 1.3% — roughly $9,861 a year on a typical home.
Who lives in 78704?: ZIP code 78704 has a population of 50,688 and a median household income of $106,897.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

78726 vs 78704 →
Austin, TX
Typical home
$717,502
Gross yield
2.3%
78669 vs 78704 →
Briarcliff, TX
Typical home
$713,944
Gross yield
5.4%
78756
Austin, TX
Typical home
$711,642
Gross yield
2.8%
78620
Dripping Springs, TX
Typical home
$685,117
Gross yield
4.3%
78737
Belterra CDP, TX
Typical home
$788,631
Gross yield
2.7%
78759
Austin, TX
Typical home
$665,106
Gross yield
2.5%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 78704 against any other ZIP — full side-by-side table.

Compare 78704 →

#Articles featuring this ZIP

Explainers, guides, and lists that use 78704 as an example.

Decision guide
Buy vs. Rent: When Each Makes Sense
The question is never 'rent forever vs. own forever' — it is 'buy now, hold N years, then what.' Five steps for figuring out which side of the line you're on.
Decision guide
How to Read a ZIP-Code Price History Chart
Trendline shape, cycle anchors, metro-relative positioning, recent slope. Five steps to read a 25-year ZHVI chart the way someone making an offer reads it.
Listicle
Property Taxes by State: Where Homeowners Pay Most and Least in 2026
Effective property tax rates vary 7.5x across US states, but the dollar bills vary 21x because home values vary too. Where every state ranks, why low rates aren't always cheap, and the no-income-tax trade-off.
Explainer
Rental Yield: Gross, Net, and What to Actually Subtract
The companion to cap rate. Same math family, simpler formula, different use case. This guide walks through gross vs. net, what to actually subtract, and when yield is the wrong tool.

#Jump to section

U.S. ZIP Code · TX78704

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