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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 $356,096, higher than the Texas average of $235,268.
The average cost of rent is $1,561/mo in Austin, primarily driven by the current value of real estate in the Austin area. While nearly 33.66% of residents own their homes outright in Austin, 34.10% rent.
Housing affordability isn’t just about home prices, though. The average household income in Austin is $8,193 per month. Households that rent pay about 19.06% of their income on rent here. Austin's most expensive areas are in the western regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Rollingwood, TX: higher priced homes
- West Lake Hills, TX: higher priced homes
- Sunset Valley, TX: higher priced homes
- Marshall Ford, TX: higher priced homes
- Jollyville, TX: equally priced homes
- Wells Branch, TX: less expensive homes
- Hornsby Bend, TX: less expensive homes
- Bee Cave, TX: higher priced homes
- Volente, TX: higher priced homes
- Manor, TX: less expensive homes
Cities with Similar Populations
- Kenosha, WI: less expensive homes
- Lakewood, NJ: higher priced homes
- Knoxville, TN: less expensive homes
- Land O' Lakes, FL: less expensive homes
- Lakeland, FL: less expensive homes
- Lake Charles, LA: less expensive homes
- Lafayette, LA: less expensive homes
- Frisco, TX: higher priced homes
- Fremont, CA: higher priced homes
- Fort Mill, SC: equally priced homes
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