Austin, Texas is known for its high quality of life and attractive cost of living. With plenty of opportunities for entertainment as well as a variety of low-cost housing options ranging from single family homes to apartments, it's possible to enjoy life in Austin without breaking the bank. Additionally, groceries and transportation expenses are all much lower than most parts of the United States - making Austin a great option for anyone looking to make their dollar go further.
The median home cost in Austin is $577,400. Home appreciation the last 10 years has been 166.0%. Home Appreciation in Austin is up 3.8%.
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
- 3.6% 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.