How much is a home worth in ZIP code 78724?

The typical home in 78724 is worth $323,873, based on the Zillow Home Value Index.

Are home values rising in 78724?

Home values in 78724 are down 7.9% over the past year, and down 0.1% a year over five years.

What is the typical rent in 78724?

A typical home in 78724 rents for about $1,607 a month, a gross rental yield of 6.0%.

What is the property tax rate in 78724?

The effective property tax rate in 78724 is 1.3% — roughly $4,251 a year on a typical home.

ZIP code 78724 has a population of 31,103 and a median household income of $77,926.

HousingHandbookReference data

…

U.S. ZIP Code · TX78724

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

Typical home value

$323,873^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -7.9%
5-year / yr: -0.1%
10-year / yr: +5.2%

Relative price

vs U.S.: +14.0%
vs metro: -26.3%
vs state: +23.7%

Price history

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

The typical home in 78724 is worth $323,873 — 26.3% below the Austin-Round Rock-San Marcos, TX median. Over the past year, values have fallen 7.9%. Homes here rent for a typical $1,607 a month — a 6.0% 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: $1,607^[2]
Gross yield: 6.0%^[2]
Cap rate: 3.6%^[2]

#Property tax

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

Effective tax rate: 1.3%^[3]
Typical annual tax: $4,251^[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: 31,103^[3]
Median household income: $77,926^[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: 10
Middle: 3
High: 1

LBJ ECHS
High · Grades 9–12 · AUSTIN ISD
763 students
JOSEPH GILBERT EL
Elementary · Grades PK–5 · DEL VALLE ISD
682 students
HORNSBY-DUNLAP EL
Elementary · Grades PK–5 · DEL VALLE ISD
653 students
KIPP ALEGRIA PRI
Elementary · Grades PK–4 · KIPP TEXAS PUBLIC SCHOOLS
633 students
DECKER MIDDLE
Middle · Grades 6–8 · MANOR ISD
589 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 yield6.0%

Net yield (after ~40% expenses)3.6%

Annual rent$19,278

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$1,638

Loan principal$259,099

Down payment$64,775

Total interest paid$330,466

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 ratio1.41

Monthly cost to own$2,261

Monthly rent$1,607

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: 18th percentile^[1]
Rental yield: 82nd percentile^[2]
Property tax: 51st percentile^[3]

Frequently asked

How much is a home worth in ZIP code 78724?: The typical home in 78724 is worth $323,873, based on the Zillow Home Value Index.
Are home values rising in 78724?: Home values in 78724 are down 7.9% over the past year, and down 0.1% a year over five years.
What is the typical rent in 78724?: A typical home in 78724 rents for about $1,607 a month, a gross rental yield of 6.0%.
What is the property tax rate in 78724?: The effective property tax rate in 78724 is 1.3% — roughly $4,251 a year on a typical home.
Who lives in 78724?: ZIP code 78724 has a population of 31,103 and a median household income of $77,926.

#Comparable ZIPs

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

78653 vs 78724 →
Manor, TX
Typical home
$324,215
Gross yield
6.4%
76530 vs 78724 →
Granger, TX
Typical home
$319,531
Gross yield
—
78666
San Marcos, TX
Typical home
$318,193
Gross yield
5.3%
78741
Austin, TX
Typical home
$332,462
Gross yield
5.0%
78744
Austin, TX
Typical home
$334,234
Gross yield
5.4%
78655
Martindale, TX
Typical home
$335,994
Gross yield
—

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#Jump to section

U.S. ZIP Code · TX78724

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