Austin, TX
Travis County · Pop. 964,177
Ranked #141 of 243 cities
36Crisis
Median Home Price
🏠$470K
1.5% YoY
Median Rent
🔑$1,650
0.8% YoY
Median Income
💰$75K
Rent Burden
📊29.5%
% of income to rent
Income to Buy
🏦$135K
annual income needed
Income to Rent
📝$66K
annual income needed
Price-to-Income
⚖️6.3x
Homeownership
🏡44.0%
Rent vs. Buy
Buy
$2,502/mo
Est. mortgage (7%, 20% down)
Need $135K/yr income
Rent
$1,650/mo
Median rent
Need $66K/yr income
How Austin Compares
| Metric | Austin | Texas | National |
|---|---|---|---|
| Home Price | $470K | $297K | $410K |
| Rent | $1,650 | $1,413 | $1,500 |
| Income | $75K | $76K | $75K |
| Rent Burden | 29.5% | 32.0% | 30.0% |
Key Takeaways
- • Home prices in Austin are 15% higher than the national average.
- • Rent is 10% higher than the national average.
- • You need an income of $135K to comfortably buy a home here.
- • The homeownership rate is 44.0%, compared to 65.0% nationally.