Home Price Key
Affordable
Average
Expensive
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 $135,906, lower than the Minnesota average of $269,934.
The average cost of rent is $911/mo in Austin, primarily driven by the current value of real estate in the Austin area. While nearly 43.53% of residents own their homes outright in Austin, 26.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Austin is $5,088 per month. Households that rent pay about 17.90% of their income on rent here. Austin's most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Mapleview, MN: higher priced homes
- Austin Acres, MN: equally priced homes
- Nicolville, MN: higher priced homes
- Moscow, MN: higher priced homes
- Lansing, MN: higher priced homes
- Brownsdale, MN: equally priced homes
- Rose Creek, MN: higher priced homes
- Mayville, MN: higher priced homes
- Corning, MN: higher priced homes
- London, MN: higher priced homes
Cities with Similar Populations
- Natchez, MS: less expensive homes
- Hermiston, OR: higher priced homes
- Takoma Park, MD: higher priced homes
- Clinton, MS: higher priced homes
- Benicia, CA: higher priced homes
- Nazareth, PA: higher priced homes
- Ilchester, MD: higher priced homes
- Temescal Valley, CA: higher priced homes
- Balch Springs, TX: equally priced homes
- Faribault, MN: higher priced homes
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