Austin appreciation rates and housing market information

Austin housing market information

With a population of 656,302, 276,611 total housing units (homes and apartments), and a median house value of $220,961, Austin real estate is some of the most expensive in Texas, although Austin home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Austin, accounting for 46.54% of the city's housing units. Other types of housing that are prevalent in Austin include large apartment complexes or high rise apartments (36.77%), duplexes, homes converted to apartments, or other small apartment buildings (10.01%), row houses and other attached homes (4.73%), and a few mobile homes or trailers (1.79%).

People in Austin primarily live in small (one, two, or no bedroom) single-family detached homes. Austin has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Austin built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Austin built from 1940-1969 (24.52%). A lesser amount of the housing stock also hails from 1995 and later (14.05%), and some were built from 1939 and earlier (14.05%).

Austin home appreciation rates

Real estate appreciation rates in Austin have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.02% during the period.

NeighborhoodScout's data show that during the latest twelve months, Austin home appreciation rates, at 0.97%, have been at or slightly above the national average. In the latest quarter, Austin's appreciation rate has been -0.97%, which annualizes to a rate of -3.88%.

Notably, Austin's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Austin's latest annual appreciation rate is higher than 12% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Austin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Austin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Austin real estate investment or home purchase decisions.