ZIP Code 78731 — Austin, TX Home Prices (2026)

The typical home in ZIP 78731 (Austin, Texas) is worth about $1,036,000 at roughly $406 per square foot — 86% more expensive than the Austin median and 252% more expensive than the typical U.S. home.

$1,036,000

Typical home value

$406

Price per sq ft

#4 of 43

Austin ZIPs by value

+86%

vs Austin median

How 78731 compares

ZIP 78731 is one of the pricier ZIP codes in Austin: its typical home value of $1,036,000 ranks #4 of the 43 Austin ZIP codes we track (the citywide range runs from $270,000 in 78725 to $1,315,000 in 78703). Per square foot it costs about $406, against $308 for Austin as a whole, $173 for Texas, and $195 nationally.

Area	Typical value	$ / sq ft
ZIP 78731	$1,036,000	$406
Austin, TX	$558,000	$308
Texas	$264,000	$173
United States	$294,000	$195

Home value by size in 78731

Using this ZIP’s rate of about $406 per square foot. Condition, lot, and the exact street move these meaningfully — use the estimator below for a home-specific figure.

Home size	Estimated value
1,000 sq ft	$406,000
1,500 sq ft	$609,000
2,000 sq ft	$812,000
2,500 sq ft	$1,015,000
3,000 sq ft	$1,218,000

Salary needed to buy a home in ZIP 78731

To buy the typical $1,036,000 home in ZIP 78731 with 20% down, you need a household income of roughly $282,000 a year (about $6,580 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $335,000, because the loan is bigger and mortgage insurance kicks in.

Down payment	Cash down	Monthly payment	Income needed
5% (+PMI)	$51,800	$8,170/mo	$350,000/yr
10% (+PMI)	$103,600	$7,810/mo	$335,000/yr
20%	$207,200	$6,580/mo	$282,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in ZIP 78731

At about $406 per square foot, here is roughly how much home different budgets get you in ZIP 78731:

Budget	Approx. size	What that looks like locally
$500k	1230 sq ft	below the local median — condos, smaller or older homes
$600k	1480 sq ft	below the local median — condos, smaller or older homes
$750k	1850 sq ft	below the local median — condos, smaller or older homes
$1.00M	2460 sq ft	around the typical home here
$1.50M	3690 sq ft	above the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens pre-filled with a typical 78731 home.

Estimate a specific home in 78731

The estimator below is pre-set to ZIP 78731 — pick your home’s size for an instant ballpark, then open the full calculator to adjust beds, baths, and condition.

All Austin ZIP codes by home value

Where 78731 sits among Austin’s 43 ZIP codes:

#	ZIP code	Typical value	$ / sq ft
1	78703	$1,315,000	$630
2	78733	$1,178,000	$497
3	78730	$1,141,000	$328
4	78731 (this page)	$1,036,000	$406
5	78738	$846,000	$292
6	78735	$830,000	$400
7	78732	$826,000	$286
8	78739	$808,000	$308
9	78737	$781,000	$272
10	78704	$731,000	$531
11	78726	$714,000	$263
12	78756	$708,000	$531
13	78759	$661,000	$324
14	78701	$660,000	$741
15	78734	$619,000	$313
16	78750	$603,000	$284
17	78751	$599,000	$442
18	78757	$597,000	$375
19	78736	$594,000	$322
20	78722	$580,000	$424
21	78717	$562,000	$240
22	78749	$558,000	$297
23	78702	$556,000	$485
24	78723	$479,000	$352
25	78652	$470,000	$234
26	78727	$456,000	$267
27	78729	$430,000	$234
28	78719	$422,000	$468
29	78721	$418,000	$344
30	78745	$418,000	$335
31	78748	$408,000	$236
32	78728	$403,000	$221
33	78742	$376,000	$198
34	78752	$375,000	$310
35	78758	$365,000	$275
36	78754	$359,000	$191
37	78747	$356,000	$199
38	78753	$338,000	$250
39	78705	$330,000	$399
40	78744	$326,000	$221
41	78741	$324,000	$268
42	78724	$316,000	$230
43	78725	$270,000	$189

ZIP 78731 home prices: frequently asked

What is the average home price in ZIP code 78731? +

The typical home in ZIP 78731 (Austin, TX) is worth about $1,036,000 as of 2026. That is 86% more expensive than the Austin median of $558,000 and 252% more expensive than the U.S. median of $294,000.

What is the price per square foot in 78731? +

About $406 per square foot in 78731, versus $308 across Austin and $173 across Texas. At that rate a 1,500 sq ft home runs roughly $609,000 and a 2,500 sq ft home about $1,015,000.

What salary do you need to buy a house in ZIP 78731? +

For the typical $1,036,000 home in ZIP 78731, a household income of about $282,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $335,000; with 5% down about $350,000.

Is 78731 an expensive ZIP code? +

Within Austin, 78731 ranks #4 of 43 ZIP codes by typical home value, which makes it one of the pricier ZIP codes in Austin. Nationally it is relatively expensive.

See the full Austin home values page, all Texas cities, or price per square foot by ZIP code nationwide.

Directional estimates from public market data (Realtor.com & Zillow research), not appraisals. A single ZIP contains very different homes; actual values vary and change over time.