Austin appreciation rates and housing market information
Austin housing market information
With a population of 832,899, 324,892 total housing units (homes and apartments), and a median house value of $235,677, 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 46.63% of the city's housing units. Other types of housing that are prevalent in Austin include large apartment complexes or high rise apartments (38.96%), duplexes, homes converted to apartments or other small apartment buildings (8.74%), and a few row houses and other attached homes (4.24%).
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 to 1999 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 between 2000 and later (21.19%). A lesser amount of the housing stock also hails from between 1940-1969 (17.96%). There's also some housing in Austin built before 1939 (3.09%).
Austin home appreciation rates
In the last 10 years, Austin has experienced some of the highest home appreciation rates of any community in the nation. Austin real estate appreciated 68.25% over the last ten years, which is an average annual home appreciation rate of 5.34%, putting Austin in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Austin definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Austin that despite a nationwide downturn in the housing market, Austin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Austin appreciation rates continue to be some of the highest in America, at 12.83%, which is higher than appreciation rates in 92.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Austin. Austin appreciation rates in the latest quarter were at 3.02%, which equates to an annual appreciation rate of 12.66%.
Importantly, this makes Austin one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Austin's latest annual appreciation rate is higher than 90% 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.