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These days, finding an affordable place to live in the Downtown Austin area can be challenging. Home prices in Downtown Austin are now at a median cost of $850,311, higher than the Austin average of $520,918.
The average cost of rent is $2,760/mo in Downtown Austin, primarily driven by the current value of real estate in the Downtown Austin area. In Downtown Austin, 59.79% of households rent, and 44.26% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Austin is $13,746 per month. Households that rent pay about 20.08% of their income on rent here. Downtown Austin’s most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Clarksville, Austin, TX: higher priced homes
- East Cesar Chavez, Austin, TX: less expensive homes
- Central East Austin, Austin, TX: less expensive homes
- University Of Texas, Austin, TX: less expensive homes
- Bouldin, Austin, TX: higher priced homes
- West University Austin, Austin, TX: less expensive homes
- Zilker, Austin, TX: higher priced homes
- South River City, Austin, TX: higher priced homes
- Holly, Austin, TX: less expensive homes
- Windsor Road, Austin, TX: higher priced homes
Neighborhoods with Similar Populations
- Alamedan Valley, North Valley, NM: less expensive homes
- Ocean Beach, San Diego, CA: higher priced homes
- Moran Prairie, Spokane, WA: less expensive homes
- Morris Park, Bronx, NY: less expensive homes
- Mount Washington, Cincinnati, OH: less expensive homes
- Mt Pleasant, Cleveland, OH: less expensive homes
- Neighbors Southwest, Beaverton, OR: less expensive homes
- Nevin, Los Angeles, CA: less expensive homes
- North Beach, Atlantic Beach, FL: less expensive homes
- North Coconut Grove, Miami, FL: higher priced homes
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