78731 — Austin, TX Home Values
Typical home value $1,041,468 as of June 2026 · 5th of 87 in Austin-Round Rock-Georgetown, TX
Blue: typical home value (Zillow ZHVI) in ZIP code 78731, June 2021 to June 2026. This page shows observed data only; no forecast.
How 78731 compares in the Austin-Round Rock-Georgetown, TX area
ZIP code 78731 (Austin, TX) has a typical home value of $1,041,468 as of June 2026, ranking 5th of 87 ZIP codes tracked in the Austin-Round Rock-Georgetown, TX area, more expensive than about 95% of ZIP codes in the metro. Prices here have moved -0.8% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +3.0%, from $1,010,746 in June 2021 to $1,041,468 in June 2026. Against observed rent, the typical home here sells for 53.1× the annual rent ($1,634/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Austin-Round Rock-Georgetown, TX forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Austin.
Population and demographics
ZIP code 78731 has a population of 27,136, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 75.1% White, 12.8% Hispanic or Latino, 7.8% Asian, 3.3% two or more races, and 1% Black or African American.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| DOSS EL | 7005 NORTHLEDGE DR, AUSTIN, TX | 0.6 mi |
| MURCHISON MIDDLE | 3700 N HILLS DR, AUSTIN, TX | 0.7 mi |
| GULLETT EL | 6310 TREADWELL BLVD, AUSTIN, TX | 1.2 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 78731?
$1,041,468 as of June 2026, the latest month Zillow has published observed data for.
Is 78731 an expensive ZIP code in the Austin-Round Rock-Georgetown, TX area?
78731 ranks 5th of 87 ZIP codes in the Austin-Round Rock-Georgetown, TX area by typical home value, more expensive than about 95% of ZIP codes in the metro.
How much have home values in 78731 changed over the past year?
-0.8% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 78731?
The typical home price is 53.1× the observed annual rent in this ZIP code ($1,634/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 78731?
27,136, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 78731?
DOSS EL (0.6 mi), MURCHISON MIDDLE (0.7 mi), GULLETT EL (1.2 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 78731?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Austin-Round Rock-Georgetown, TX forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.