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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Austin, IN Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Austin, IN Housing Market Trends

With a population of 4,138, 1,651 total housing units (homes and apartments), and a median house value of $114,760, house prices in Austin are some of the most affordable in Indiana as well as the nation.

Single-family detached homes are the single most common housing type in Austin, accounting for 67.85% of the city's housing units. Other types of housing that are prevalent in Austin include large apartment complexes or high rise apartments ( 13.06%), duplexes, homes converted to apartments or other small apartment buildings ( 8.05%), and a few mobile homes or trailers ( 5.72%).

The most prevalent building size and type in Austin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.46% owning and 41.54% renting.

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 1940-1969 ( 38.43%). A lesser amount of the housing stock also hails from before 1939 ( 6.68%). There's also some housing in Austin built between 2000 and later ( 6.08%).

Vacant housing appears to be an issue in Austin. Fully 16.41% of the housing stock is classified as vacant. Left unchecked, vacant Austin homes and apartments can be a drag on the real estate market, holding Austin real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Austin Home Appreciation Rates

Appreciation rates for homes in Austin have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.06%, which ranks in the top 40% nationwide. This equates to an annual average Austin house appreciation rate of 6.74%.

NeighborhoodScout's data show that during the latest twelve months, Austin's appreciation rate, at 5.00%, has been at or slightly above the national average. In the latest quarter, Austin's appreciation rate has been -1.49%, which annualizes to a rate of -5.81%.

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

Relative to Indiana, our data show that Austin's latest annual appreciation rate is higher than 60% of the other cities and towns in Indiana.

Average Home Values

Median Home Value

$114,760

Austin, IN Home Prices
> $1,289,000
$967,001 - $1,289,000
$644,001 - $967,000
$515,001 - $644,000
$387,001 - $515,000
$258,001 - $387,000
$129,001 - $258,000
$64,001 - $129,000
$0 - $64,000
0.0%
0.0%
0.0%
0.0%
1.3%
1.3%
0.1%
0.1%
1.5%
1.5%
6.0%
6.0%
36.7%
36.7%
39.7%
39.7%
14.5%
14.5%
0% 100.0%
% of Homes
Very Low

for Indiana

Very Low

for nation

Number of Homes And Apartments:

1,651

Austin Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,070 / per month

Homeownership Rate

Owners
Renters
58.5%
58.5%
41.5%
41.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.4%
16.4%
83.6%
83.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
6.1%
6.1%
48.8%
48.8%
38.4%
38.4%
6.7%
6.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.8%
67.8%
5.3%
5.3%
8.1%
8.1%
13.1%
13.1%
5.7%
5.7%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
13.9%
13.9%
2.6%
2.6%
26.5%
26.5%
45.6%
45.6%
6.5%
6.5%
4.8%
4.8%
0% 100.0%
% of Homes

Popular Neighborhoods in Austin

Zip Codes in Austin, IN