The housing market in Austin, TX is considered to be above the national average. The median value for a house in Austin, TX is $577,400 which is considerably higher than the US median house value of $338,100. Although the US saw an 8.27% appreciation rate for houses over the last year, Austin experienced a slightly lower appreciation rate of 3.79%. Despite this modest dip in value, Austin remains one of the most sought after cities for real estate investments due to its positive outlook and steady population growth.
The median home cost in Austin is $577,400. Home appreciation the last 10 years has been 193.9%. Home Appreciation in Austin is up 17.0%.
Average Age of Homes
- The median age of Austin real estate is 30 years old
The Rental Market in Austin
- Renters make up 50.8% of the Austin population
- 2.7% of houses and apartments in Austin, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.