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These days, finding an affordable place to live in the Austin area can be challenging. Home prices in Austin are now at a median cost of $197,836, lower than the Kentucky average of $219,615.
The average cost of rent is $714/mo in Austin, primarily driven by the current value of real estate in the Austin area. In Austin, 17.78% of households rent, and 49.20% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Austin is $5,087 per month. Households that rent pay about 14.04% of their income on rent here. Austin’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tracy, KY: higher priced homes
- Lucas, KY: higher priced homes
- Cooktown, KY: less expensive homes
- Etoile, KY: less expensive homes
- Maynard, KY: less expensive homes
- Fountain Run, KY: less expensive homes
- Lamb, KY: less expensive homes
- Walnut Hill, KY: less expensive homes
- Haywood, KY: higher priced homes
- Temple Hill, KY: equally priced homes
Cities with Similar Populations
- Mehama, OR: higher priced homes
- Ingleside, WV: less expensive homes
- Innsbrook, MO: higher priced homes
- Kanesville, UT: higher priced homes
- Kinta, OK: less expensive homes
- Lee, IL: higher priced homes
- Adin, CA: equally priced homes
- Manor, GA: less expensive homes
- Marshfield, NY: higher priced homes
- McCallsburg, IA: higher priced homes
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