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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 978,908, 380,392 total housing units (homes and apartments), and a median house value of $378,112, 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 45.98% of the city's housing units. Other types of housing that are prevalent in Austin include large apartment complexes or high rise apartments ( 39.75%), duplexes, homes converted to apartments or other small apartment buildings ( 7.64%), and a few row houses and other attached homes ( 5.14%).

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 ( 30.98%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.06%). There's also some housing in Austin built before 1939 ( 2.78%).

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 102.01% over the last ten years, which is an average annual home appreciation rate of 7.28%, 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 6.20%, has been at or slightly above the national average. In the latest quarter, Austin's appreciation rate has been 2.24%, which annualizes to a rate of 9.25%.

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:
$378,112

Austin, TX HOME PRICES

> $1,234,000
3.5%
3.5%
$926,001 - $1,234,000
3.5%
3.5%
$617,001 - $926,000
12.4%
12.4%
$494,001 - $617,000
11.6%
11.6%
$370,001 - $494,000
19.6%
19.6%
$247,001 - $370,000
26.2%
26.2%
$123,001 - $247,000
17.2%
17.2%
$62,001 - $123,000
3.1%
3.1%
$0 - $62,000
3.0%
3.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for TX

Value Relative To Nation

Number Of Homes And Apartments:
380,392

Austin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
185.65% 5.13%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,696 / per month

Homeownership Rate

Owners
44.1%
44.1%
Renters
55.9%
55.9%
Vacant
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
31.0%
31.0%
1970 - 1999
51.2%
51.2%
1940 - 1969
15.1%
15.1%
1939 or Older
2.8%
2.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
46.0%
46.0%
Townhomes
5.1%
5.1%
Small Apt. Buildings
7.6%
7.6%
Apt. Complexes
39.7%
39.7%
Mobile Homes
1.4%
1.4%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.4%
4.4%
1 Bedroom
23.1%
23.1%
2 Bedrooms
26.5%
26.5%
3 Bedrooms
29.7%
29.7%
4 Bedrooms
13.7%
13.7%
5 or more bedrooms
2.5%
2.5%
0.0% 100.0%
% OF HOMES