Market Overview for Zip Code 78721
There are 90 active listings in Zip Code 78721 with a median list price of $530K and a median sold price of $470K.
Homes average 72 days on market.
Over the past 30 days, 9 homes have sold, with 134 sales in the past 12 months.
The average price per square foot is $396.
About Zip Code 78721
Zip code 78721 covers the Govalle and Johnston Terrace neighborhoods in east Austin, approximately 3 miles east of downtown, in Travis County. The zip code is bounded roughly by Airport Boulevard to the north, US-183 to the east, the Colorado River to the south, and Springdale Road to the west. This area has historically been a working-class residential and light-industrial district, with housing stock dating primarily from the 1940s through 1970s. The neighborhood's proximity to downtown — just across I-35 and through 78702 — has made it a target for redevelopment and investment in recent years, though the pace of gentrification has been slower than in adjacent East Austin zip codes.
Real estate in 78721 offers some of the more affordable options in central Austin, with a median home price of approximately $400K. Small frame houses and postwar bungalows on lots of 5,000 to 7,000 square feet range from $300K to $500K, depending on condition and lot size. Renovated and new-construction homes command $500K to $800K. Duplex and triplex properties are common, appealing to investors and owner-occupants seeking rental income. Mobile homes and manufactured housing on permanent foundations are present in some areas. Multi-family development has increased along Springdale Road and Airport Boulevard, with new apartment projects adding density. The area retains a mix of industrial parcels, some of which are being rezoned for residential and mixed-use projects.
Students in 78721 attend a mix of Austin ISD and Del Valle ISD schools, depending on their specific address. Austin ISD campuses serving the area include Allan Elementary and Govalle Elementary for pre-K through 5th grade, and Eastside Memorial High School for 9th through 12th. Del Valle ISD serves the southeastern portions. Both districts offer dual-language programs and career and technical education pathways. The area's schools have historically served lower-income populations and receive additional Title I federal funding. Charter school options include KIPP Austin and Harmony School of Innovation.
The 78721 zip code benefits from proximity to both downtown Austin (about 10 minutes via Airport Boulevard and I-35) and Austin-Bergstrom International Airport (about 10 minutes via SH-71). Capital Metro bus routes run along Airport Boulevard and Springdale Road. The Govalle neighborhood is adjacent to the Mueller redevelopment, a former airport site now home to over 5,000 housing units, retail, and the Thinkery children's museum. Major employers accessible from 78721 include the Samsung semiconductor fab in east Austin, Austin Energy facilities, and the growing logistics and manufacturing corridor along US-183.
