Austin appreciation rates and housing market information

Austin housing market information

With a population of 790,390, 276,611 total housing units (homes and apartments), and a median house value of $273,434, 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%), and a few row houses and other attached homes (4.73%).

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 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 between 1940-1969 (24.52%). A lesser amount of the housing stock also hails from between 1995 and later (14.05%). There's also some housing in Austin built before 1939 (3.79%).

Austin home appreciation rates

Austin's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Austin during the period has been just 3.39%, which is lower than 70% of US communities.

Over the last year, Austin appreciation rates have trailed the rest of the nation. In the last twelve months, Austin's appreciation rate has been -0.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Austin were at -1.04%, which equates to an annual appreciation rate of -4.08%.

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 lower than 50% 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.

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