Property Prices in Austin, TX, United States

Index Info
Price to Income Ratio: 3.25
Mortgage as Percentage of Income: 29.46%
Loan Affordability Index: 3.39
Price to Rent Ratio - City Centre: 8.02
Price to Rent Ratio - Outside of Centre: 8.82
Gross Rental Yield (City Centre): 12.47%
Gross Rental Yield (Outside of Centre): 11.34%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,253.07 $ 1,750.00-3,200.00
Apartment (1 bedroom) Outside of Centre 1,436.12 $ 1,250.00-1,850.00
Apartment (3 bedrooms) in City Centre 3,967.39 $ 3,500.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 2,625.62 $ 2,150.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 362.64 $ 304.81-500.00
Price per Square Feet to Buy Apartment Outside of Centre 258.50 $ 200.00-400.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,140.98 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.66 6.00-8.00

These data are based on 268 entries in the past 18 months from 54 different contributors.
Last update: January 2025

Sources and References
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1 Comments so far
Tyson Cox on Jul 16, 2021:
I recommend you update your numbers. The US Census shows a 338k median price and a 71000 median income for Austin. This would give a price index in the high 4 range for Austin and not 3.62 listed in your numbers.