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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, TX 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

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

Austin, TX Housing Market Trends

With a population of 974,447, 404,121 total housing units (homes and apartments), and a median house value of $511,036, Austin house prices are not only among the most expensive in Texas, Austin real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Austin, accounting for 44.85% of the city's housing units. Other types of housing that are prevalent in Austin include large apartment complexes or high rise apartments ( 40.71%), duplexes, homes converted to apartments or other small apartment buildings ( 7.71%), and a few row houses and other attached homes ( 5.20%).

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 ( 34.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.29%). There's also some housing in Austin built before 1939 ( 2.63%).

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 134.81% over the last ten years, which is an average annual home appreciation rate of 8.91%, 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.

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 -10.65%, 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 -1.15%, which equates to an annual appreciation rate of -4.51%.

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 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 2000, to assist you in making the best Austin real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$511,036

Austin, TX Home Prices
> $1,384,000
$1,038,001 - $1,384,000
$692,001 - $1,038,000
$554,001 - $692,000
$415,001 - $554,000
$277,001 - $415,000
$138,001 - $277,000
$69,001 - $138,000
$0 - $69,000
4.9%
4.9%
5.6%
5.6%
16.5%
16.5%
14.8%
14.8%
21.8%
21.8%
22.1%
22.1%
10.0%
10.0%
1.5%
1.5%
2.7%
2.7%
0% 100.0%
% of Homes
Very High

for Texas

Very High

for nation

Number of Homes And Apartments:

404,121

Austin Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,443 / per month

Homeownership Rate

Owners
Renters
Vacant
43.6%
43.6%
56.4%
56.4%
6.7%
6.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
34.8%
34.8%
48.2%
48.2%
14.3%
14.3%
2.6%
2.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
44.8%
44.8%
5.2%
5.2%
7.7%
7.7%
40.7%
40.7%
1.4%
1.4%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.8%
4.8%
23.2%
23.2%
26.7%
26.7%
29.2%
29.2%
13.7%
13.7%
2.4%
2.4%
0% 100.0%
% of Homes