Austin, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Austin Neighborhoods Since 2000




Austin, TX Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Austin Housing Market Information

With 931,830 people, 351,195 houses or apartments, and a median cost of homes of $287,065, 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 46.79% of the city's housing units. Other types of housing that are prevalent in Austin include large apartment complexes or high rise apartments ( 39.20%), duplexes, homes converted to apartments or other small apartment buildings ( 8.11%), and a few row houses and other attached homes ( 4.40%).

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 ( 25.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.42%). There's also some housing in Austin built before 1939 ( 2.89%).

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 65.07% over the last ten years, which is an average annual home appreciation rate of 5.14%, 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 8.33%, which is higher than appreciation rates in 88.21% 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 1.68%, which equates to an annual appreciation rate of 6.88%.

Relative to Texas, our data show that Austin's latest annual appreciation rate is higher than 80% 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 2000, to assist you in making the best Austin real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$287,065

Austin, TX HOME PRICES

Value Range
> $1,364,000 1.9
$1,023,001 - $1,364,000 2.2
$682,001 - $1,023,000 6.7
$546,001 - $682,000 6.6
$409,001 - $546,000 12.7
$273,001 - $409,000 24.8
$136,001 - $273,000 34.1
$68,001 - $136,000 6.7
$0 - $68,000 4.4

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
17.669635532638 7.24708171206226

Number Of Homes And Apartments:
351,195

Austin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
123.81% 4.78% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,457 / per month

Homeownership Rate

Homeownership
Owners 43.79
Renters 56.21
Vacant 7.65

Housing Market Details

 

Age of Homes

AGE OF Austin HOMES
2000 or Newer 25.0
1970 - 1999 55.7
1940 - 1969 16.4
1939 or Older 2.9

Types of Homes

TYPE OF Austin HOMES
Single-Family 46.8
Townhomes 4.4
Small Apt. Buildings 8.1
Apt. Complexes 39.2
Mobile Homes 1.4
Other 0.1

Home Size

SIZE OF Austin HOMES
No Bedroom 3.44
1 Bedroom 22.46
2 Bedrooms 27.58
3 Bedrooms 30.45
4 Bedrooms 13.51
5 or more bedrooms 2.56