Austin
Texas · Ranked #338 of 373 metros
35Crisis
💡
Housing in Austin costs 4.95× the median income, above the national average of 4.5×. The median home price is $487K and median rent is $1,752/month. Austin ranks #338 of 373 metros for affordability.
Median Home Price
🏠$487K
Need $138K income
Median Rent
🔑$1,752
Need $64K income
Housing Shortage
📉35,000
units needed
Building Permits
🔨25,000
annual
Median Income
💰$99K
Pop: 2,295,303
Rent Burden
⚠️32.5%
of renters paying >30%
Price Change (YoY)
📈-1.5%
Homeownership
🏡58.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Austin | National |
|---|---|---|
| Price-to-Income Ratio | 4.95x | 6.1x |
| Rent Burden | 32.5% | 31.5% |
| Homeownership Rate | 58.0% | 65.5% |
| YoY Price Change | -1.5% | +3.5% |
| YoY Rent Change | -2% | +2.8% |
| Mortgage Denial Rate | 12.0% | 13.5% |
| Eviction Rate | 4.5% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +46.2%Since 2000: +255.9%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,474/mo
1 Bedroom$1,562/mo
2 Bedroom$1,852/mo
3 Bedroom$2,347/mo
4 Bedroom$2,760/mo
Zillow Market Data
Home Value (ZHVI)
$425K
1yr: -5.9%5yr: +11.6%
Rent (ZORI)
$1,563/mo
1yr: -2.6%5yr: +12.2%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$360K
Active Inventory
1,629
Days on Market
124
Sold Above List
8.7%
Price Drops
28.1%