Austin, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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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 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

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

Austin Housing Market Information

With a population of 947,890, 358,401 total housing units (homes and apartments), and a median house value of $310,466, 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 47.18% of the city's housing units. Other types of housing that are prevalent in Austin include large apartment complexes or high rise apartments ( 38.93%), duplexes, homes converted to apartments or other small apartment buildings ( 7.72%), and a few row houses and other attached homes ( 4.62%).

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 ( 25.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.10%). There's also some housing in Austin built before 1939 ( 2.93%).

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 66.09% over the last ten years, which is an average annual home appreciation rate of 5.20%, 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 4.42%, has been at or slightly above the national average. In the latest quarter, Austin's appreciation rate has been 1.00%, which annualizes to a rate of 4.04%.

Relative to Texas, our data show that Austin's latest annual appreciation rate is lower than 70% 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:
$310,466

Austin, TX HOME PRICES

Value Range
> $1,341,000 2.2
$1,006,001 - $1,341,000 2.6
$670,001 - $1,006,000 7.9
$536,001 - $670,000 7.4
$402,001 - $536,000 13.8
$268,001 - $402,000 25.4
$134,001 - $268,000 30.4
$67,001 - $134,000 6.3
$0 - $67,000 4.1

Very High for TX
Very High for Nation

Value Relative to Nation Value Relative to State
17.6992700729927 7.46847720659554

Number Of Homes And Apartments:
358,401

Austin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
142.11% 4.90%
10
10
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$1,526 / per month

Homeownership Rate

Homeownership
Owners 44.24
Renters 55.76
Vacant 7.70

Housing Market Details

 

Age of Homes

AGE OF Austin HOMES
2000 or Newer 25.9
1970 - 1999 55.1
1940 - 1969 16.1
1939 or Older 2.9

Types of Homes

TYPE OF Austin HOMES
Single-Family 47.2
Townhomes 4.6
Small Apt. Buildings 7.7
Apt. Complexes 38.9
Mobile Homes 1.5
Other 0.1

Home Size

SIZE OF Austin HOMES
No Bedroom 3.74
1 Bedroom 22.44
2 Bedrooms 27.25
3 Bedrooms 30.38
4 Bedrooms 13.74
5 or more bedrooms 2.45