Housing in Austin, TX 78722 is considerably more expensive than the national average. The median value of a house in Austin is $621,400 while the median value of a house across the United States is only $338,100. However, despite being more expensive, the appreciation of housing in Austin has been lower over the last year at 3.52%, compared to 8.27% for the rest of the country. This indicates that although housing prices have risen to a higher base rate in Austin, they are not rising as quickly as other areas across America.
The median home cost in Austin (zip 78722) is $621,400. Home appreciation the last 10 years has been 194.4%. Home Appreciation in Austin (zip 78722) is up 16.9%.
Average Age of Homes
- The median age of Austin (zip 78722) real estate is 64 years old
The Rental Market in Austin (zip 78722)
- Renters make up 53.2% of the Austin (zip 78722) population
- 2.1% of houses and apartments in Austin (zip 78722), 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.