Austin Metro Area, MN Housing

Austin, MN Metro Area is known for its excellent housing opportunities. The median value of homes in the area is $166,400, which is considerably lower than the median house value in the US as a whole, which stands at $338,100. In the last year, housing prices have appreciated by 9.54% in Austin, MN Metro Area compared to 8.27% for the entire country. This indicates that there are great opportunities to be had in this area when it comes to investment in real estate. Furthermore, with its low cost of living and attractive natural beauty, Austin makes an ideal location for those looking for affordable yet quality homes.

The median home cost in Austin Metro Area is $166,400. Home appreciation the last 10 years has been 78.4%. Home Appreciation in Austin Metro Area is up 11.4%.

Average Age of Homes

- The median age of Austin Metro Area real estate is 61 years old

The Rental Market in Austin Metro Area

- Renters make up 25.6% of the Austin Metro Area population
- 1.6% of houses and apartments in Austin Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Austin, Minnesota	United States
	16,893.0	139,647,020.0
	64	42
	$166,400	$338,100
	11.4%	16.6%
	46.1%	57.0%
	78.4%	101.1%
	$10.28	$10.98
	$1,410	$2,690
	68.9%	57.4%
	7.7%	11.2%
	23.5%	31.4%
Vacant Housing
	1.6%	1.9%
	0.1%	0.4%
	1.0%	0.7%
	0.1%	0.4%
	0.6%	3.6%
	4.3%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	2.4%	2.4%
	6.0%	2.8%
	9.5%	3.9%
	14.4%	4.5%
	21.2%	11.3%
	14.7%	13.0%
	16.3%	20.1%
	7.6%	13.6%
	2.7%	8.3%
	2.2%	9.7%
	0.4%	3.9%
	0.3%	2.2%
	0.2%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	8.4%	13.6%
	8.4%	13.6%
	5.6%	13.6%
	7.3%	13.2%
	8.8%	14.8%
	5.6%	13.6%
	22.0%	10.0%
	9.9%	4.7%
	25.6%	12.2%

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