Property Prices in Austin, TX, United States

Index Info
Price to Income Ratio: 3.17
Mortgage as Percentage of Income: 28.77%
Loan Affordability Index: 3.48
Price to Rent Ratio - City Centre: 7.31
Price to Rent Ratio - Outside of Centre: 8.62
Gross Rental Yield (City Centre): 13.68%
Gross Rental Yield (Outside of Centre): 11.60%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,217.80 $ 1,695.00-3,200.00
Apartment (1 bedroom) Outside of Centre 1,500.10 $ 1,300.00-1,840.00
Apartment (3 bedrooms) in City Centre 4,571.31 $ 3,500.00-6,400.00
Apartment (3 bedrooms) Outside of Centre 2,637.12 $ 2,200.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 350.06 $ 300.00-500.00
Price per Square Feet to Buy Apartment Outside of Centre 259.27 $ 200.00-400.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,166.61 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.66 6.00-8.00

These data are based on 295 entries in the past 18 months from 61 different contributors.
Last update: December 2024

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.