Austin TX

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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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Austin Housing Market Information

With 964,254 people, 370,043 houses or apartments, and a median cost of homes of $357,855, 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 46.58% of the city's housing units. Other types of housing that are prevalent in Austin include large apartment complexes or high rise apartments ( 39.35%), duplexes, homes converted to apartments or other small apartment buildings ( 7.49%), and a few row houses and other attached homes ( 5.10%).

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 ( 28.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.62%). There's also some housing in Austin built before 1939 ( 2.87%).

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 94.70% over the last ten years, which is an average annual home appreciation rate of 6.89%, 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.

NeighborhoodScout's data show that during the latest twelve months, Austin's appreciation rate, at 5.22%, has been at or slightly above the national average. In the latest quarter, Austin's appreciation rate has been 0.68%, which annualizes to a rate of 2.73%.

Relative to Texas, our data show that Austin's latest annual appreciation rate is higher than 60% 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:


Value Range
> $1,280,000 2.9
$960,001 - $1,280,000 3.2
$640,001 - $960,000 10.7
$512,001 - $640,000 10.1
$384,001 - $512,000 18.3
$256,001 - $384,000 26.5
$128,001 - $256,000 20.9
$64,001 - $128,000 3.9
$0 - $64,000 3.4

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
15.5328467153285 5.819592628516

Number Of Homes And Apartments:

Austin Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
175.81% 5.07%
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,607 / per month

Homeownership Rate

Owners 44.18
Renters 55.82
Vacant 8.46

Housing Market Details


Age of Homes

2000 or Newer 28.8
1970 - 1999 52.7
1940 - 1969 15.6
1939 or Older 2.9

Types of Homes

Single-Family 46.6
Townhomes 5.1
Small Apt. Buildings 7.5
Apt. Complexes 39.3
Mobile Homes 1.4
Other 0.1

Home Size

No Bedroom 4.12
1 Bedroom 23.06
2 Bedrooms 26.94
3 Bedrooms 29.74
4 Bedrooms 13.62
5 or more bedrooms 2.53